Convert New Taiwan Dollar to Saudi Riyal
Please provide values below to convert New Taiwan Dollar [TWD] to Saudi Riyal [SAR], or Convert Saudi Riyal to New Taiwan Dollar.
How to Convert New Taiwan Dollar to Saudi Riyal
1 TWD = 7.83066666666667 SAR
Example: convert 15 TWD to SAR:
15 TWD = 15 × 7.83066666666667 SAR = 117.46 SAR
New Taiwan Dollar to Saudi Riyal Conversion Table
| New Taiwan Dollar | Saudi Riyal |
|---|
New Taiwan Dollar
The New Taiwan Dollar (TWD) is the official currency of Taiwan, used for everyday transactions and financial exchanges within the country.
History/Origin
The New Taiwan Dollar was introduced in 1949 to replace the Old Taiwan Dollar, stabilizing Taiwan's economy after World War II and subsequent political changes. It has undergone several reforms and devaluations over the decades to adapt to economic conditions.
Current Use
Today, the TWD is widely used in Taiwan for all monetary transactions, including retail, banking, and international trade. It is also accepted in some neighboring regions and is actively traded in foreign exchange markets.
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.