Convert Saudi Riyal to Macedonian Denar
Please provide values below to convert Saudi Riyal [SAR] to Macedonian Denar [MKD], or Convert Macedonian Denar to Saudi Riyal.
How to Convert Saudi Riyal to Macedonian Denar
1 SAR = 0.070961173830276 MKD
Example: convert 15 SAR to MKD:
15 SAR = 15 × 0.070961173830276 MKD = 1.06441760745414 MKD
Saudi Riyal to Macedonian Denar Conversion Table
| Saudi Riyal | Macedonian Denar |
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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.
Macedonian Denar
The Macedonian Denar (MKD) is the official currency of North Macedonia, used for all monetary transactions within the country.
History/Origin
The Denar was introduced in 1992 following the independence of North Macedonia, replacing the Yugoslav dinar. It has undergone various redenominations and reforms to stabilize the economy.
Current Use
The Denar is actively used as the national currency for everyday transactions, banking, and trade in North Macedonia, with coins and banknotes issued by the National Bank of North Macedonia.