Convert Saudi Riyal to Angolan Kwanza
Please provide values below to convert Saudi Riyal [SAR] to Angolan Kwanza [AOA], or Convert Angolan Kwanza to Saudi Riyal.
How to Convert Saudi Riyal to Angolan Kwanza
1 SAR = 0.00407830253870527 AOA
Example: convert 15 SAR to AOA:
15 SAR = 15 × 0.00407830253870527 AOA = 0.061174538080579 AOA
Saudi Riyal to Angolan Kwanza Conversion Table
| Saudi Riyal | Angolan Kwanza |
|---|
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.
Angolan Kwanza
The Angolan Kwanza (AOA) is the official currency of Angola, used for all monetary transactions within the country.
History/Origin
The Kwanza was introduced in 1977, replacing the Angolan escudo after independence from Portugal. It has undergone several redenominations due to inflation and economic changes.
Current Use
The AOA is actively used as Angola's legal tender, with coins and banknotes circulating nationwide. It is managed by the National Bank of Angola.