Convert Hong Kong Dollar to Saudi Riyal
Please provide values below to convert Hong Kong Dollar [HKD] to Saudi Riyal [SAR], or Convert Saudi Riyal to Hong Kong Dollar.
How to Convert Hong Kong Dollar to Saudi Riyal
1 HKD = 2.09328 SAR
Example: convert 15 HKD to SAR:
15 HKD = 15 × 2.09328 SAR = 31.3992 SAR
Hong Kong Dollar to Saudi Riyal Conversion Table
| Hong Kong Dollar | Saudi Riyal |
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Hong Kong Dollar
The Hong Kong Dollar (HKD) is the official currency of Hong Kong, issued by the Hong Kong Monetary Authority, and used for daily transactions and financial activities in Hong Kong.
History/Origin
The Hong Kong Dollar was introduced in 1935, replacing the Hong Kong British Pound, and has since evolved through various monetary arrangements, including pegging to the US Dollar since 1983 to stabilize the currency.
Current Use
Today, the HKD is widely used in Hong Kong for all forms of commerce, banking, and international trade, and is one of the most traded currencies in the world.
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.