Convert Saudi Riyal to Swedish Krona
Please provide values below to convert Saudi Riyal [SAR] to Swedish Krona [SEK], or Convert Swedish Krona to Saudi Riyal.
How to Convert Saudi Riyal to Swedish Krona
1 SAR = 0.392904665611936 SEK
Example: convert 15 SAR to SEK:
15 SAR = 15 × 0.392904665611936 SEK = 5.89356998417904 SEK
Saudi Riyal to Swedish Krona Conversion Table
| Saudi Riyal | Swedish Krona |
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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.
Swedish Krona
The Swedish Krona (SEK) is the official currency of Sweden, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Swedish Krona was introduced in 1873, replacing the Riksdaler. It was initially pegged to gold and later transitioned to a floating exchange rate system. The currency has undergone various reforms, including decimalization in 1874 and modernization efforts in the 20th and 21st centuries.
Current Use
Today, the Swedish Krona is widely used across Sweden for all financial transactions, including cash, digital payments, and banking, and is recognized as a stable and integral part of the country's economy.