Convert United States Dollar to Saudi Riyal
Please provide values below to convert United States Dollar [USD] to Saudi Riyal [SAR], or Convert Saudi Riyal to United States Dollar.
How to Convert United States Dollar to Saudi Riyal
1 USD = 0.266666666666667 SAR
Example: convert 15 USD to SAR:
15 USD = 15 × 0.266666666666667 SAR = 4 SAR
United States Dollar to Saudi Riyal Conversion Table
| United States Dollar | Saudi Riyal |
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United States Dollar
The United States Dollar (USD) is the official currency of the United States of America, used as a standard unit of monetary value and exchange.
History/Origin
The USD was established in 1792 with the Coinage Act, replacing the Continental Congress's Continental Currency. It has since become one of the world's dominant reserve currencies, influenced by the economic growth of the U.S. and global financial markets.
Current Use
The USD is widely used domestically and internationally for trade, investment, and as a reserve currency. It is the most traded currency in the foreign exchange market and is used as the standard currency in many international transactions.
Saudi Riyal
The Saudi Riyal (SAR) is the official currency of Saudi Arabia, used for all monetary transactions within the country.
History/Origin
The Saudi Riyal was introduced in 1925, replacing the Indian Rupee, and has undergone various reforms, including decimalization in 1929. It is issued and regulated by the Saudi Central Bank.
Current Use
The SAR is widely used in Saudi Arabia for everyday transactions, banking, and international trade, and is pegged to the US dollar at a fixed rate.