Convert Saudi Riyal to Malaysian Ringgit
Please provide values below to convert Saudi Riyal [SAR] to Malaysian Ringgit [MYR], or Convert Malaysian Ringgit to Saudi Riyal.
How to Convert Saudi Riyal to Malaysian Ringgit
1 SAR = 0.886231507302548 MYR
Example: convert 15 SAR to MYR:
15 SAR = 15 × 0.886231507302548 MYR = 13.2934726095382 MYR
Saudi Riyal to Malaysian Ringgit Conversion Table
| Saudi Riyal | Malaysian Ringgit |
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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.
Malaysian Ringgit
The Malaysian Ringgit (MYR) is the official currency of Malaysia, used for all monetary transactions within the country.
History/Origin
The Ringgit was introduced in 1967, replacing the Malayan dollar. It was initially pegged to the British Pound and later to the US Dollar, with a floating exchange rate established in 1998.
Current Use
The MYR is widely used in Malaysia for everyday transactions, banking, and international trade, and is managed by Bank Negara Malaysia, the country's central bank.