NZD to SAR Exchange Rate - Convert New Zealand Dollar to Saudi Arabian Riyal

Converting from New Zealand Dollar (NZD) to Saudi Arabian Riyal (SAR)

What is New Zealand Dollar (NZD)

The New Zealand Dollar (NZD) is the official currency of New Zealand, as well as its territories. It is often referred to as the "Kiwi," a nickname derived from the country's national bird. The NZD was introduced in 1967, replacing the New Zealand pound at a rate of 1 NZD to 2.00 NZ pound. The currency is subdivided into 100 cents, with coins available in denominations of 10, 20, and 50 cents, as well as a one-dollar and two-dollar coin. Banknotes are issued in $5, $10, $20, $50, and $100 denominations.

The NZD is commonly used in international trade and is a popular currency among traders due to its status as a commodity currency. This means that its value is often influenced by changes in the prices of New Zealand's major exports, including dairy, meat, and timber. Furthermore, the New Zealand economy is considered stable, bolstered by a robust agricultural sector and a growing tourism industry.

What is Saudi Arabian Riyal (SAR)

The Saudi Arabian Riyal (SAR) is the official currency of Saudi Arabia. It is often denoted by the symbol "ر.س" or "SR." The riyal has been the national currency since 1925, and it is subdivided into 100 halalas. The Saudi government issues banknotes in denominations of 1, 5, 10, 20, 50, 100, and 500 riyals.

The SAR is pegged to the US dollar at a fixed exchange rate of approximately 3.75 SAR to 1 USD. This peg provides a level of stability to the currency, making it easier for international trade and investment in the region. The Saudi economy heavily relies on its vast oil reserves, making it one of the largest oil exporters in the world. As a result, global oil prices significantly influence the value of the SAR.

Converting Between NZD and SAR

When looking to convert between New Zealand Dollars and Saudi Arabian Riyals, it is essential to know the current exchange rate, which fluctuates based on market conditions. You can find real-time conversion rates on various financial websites or through banking institutions.

To perform a conversion, you can use the formula:

Converted Amount (SAR) = Amount (NZD) × Exchange Rate (NZD to SAR)

For example, if the exchange rate is 2.40 SAR for every 1 NZD, then converting 100 NZD would yield:

Converted Amount (SAR) = 100 NZD × 2.40 SAR/NZD = 240 SAR

Understanding both the New Zealand Dollar and Saudi Arabian Riyal is vital for individuals engaging in trade, travel, or investing in either country. By keeping an eye on exchange rates and trends, you can make informed financial decisions.

New Zealand Dollar to Saudi Arabian Riyal conversion table

NZD to SAR conversion table

New Zealand Dollar (NZD)Saudi Arabian Riyal (SAR)
1 NZD2.17054817168 SAR
2 NZD4.34109634336 SAR
3 NZD6.51164451504 SAR
4 NZD8.68219268672 SAR
5 NZD10.8527408584 SAR
6 NZD13.02328903007 SAR
7 NZD15.19383720175 SAR
8 NZD17.36438537343 SAR
9 NZD19.53493354511 SAR
10 NZD21.70548171679 SAR
100 NZD217.0548171679 SAR
200 NZD434.10963433581 SAR
300 NZD651.16445150371 SAR
400 NZD868.21926867161 SAR
500 NZD1 085.27408583951 SAR
600 NZD1 302.32890300742 SAR
700 NZD1 519.38372017532 SAR
800 NZD1 736.43853734322 SAR
900 NZD1 953.49335451112 SAR
1 000 NZD2 170.54817167903 SAR
2 000 NZD4 341.09634335805 SAR
5 000 NZD10 852.74085839513 SAR
10 000 NZD21 705.48171679027 SAR
20 000 NZD43 410.96343358053 SAR
50 000 NZD108 527.40858395133 SAR
100 000 NZD217 054.81716790265 SAR
Last updated March 17, 2025 at 09:55 PM