Convert Kazakhstani Tenge to Saudi Arabian Riyal
Convert Kazakhstani Tenge (KZT) to Saudi Arabian Riyal (SAR) using daily updated exchange rates.
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Exchange Rate
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About Kazakhstani Tenge
The Kazakhstani Tenge (KZT) became the official currency of Kazakhstan in November 1993, replacing the Soviet ruble following independence in 1991. Kazakhstan is Central Asia's largest and wealthiest economy, possessing enormous reserves of oil, natural gas, uranium (the world's top uranium producer), copper, zinc, and other minerals. The National Bank of Kazakhstan manages monetary policy. The tenge experienced significant devaluations in 2009 and 2015 in response to falling oil prices and the devaluation of the Russian ruble.
About Saudi Arabian Riyal
The Saudi Arabian Riyal (SAR) is the official currency of Saudi Arabia, the world's largest exporter of petroleum and home to ARAMCO - the world's most profitable company by revenue. The riyal has been pegged to the US Dollar at 3.75 SAR per USD since 1986, one of the most durable currency pegs in the world, supported by Saudi Arabia's vast oil revenues and the world's second largest foreign exchange reserves. The Saudi Central Bank (SAMA - Saudi Arabian Monetary Authority) manages the peg. The riyal is divided into 100 halalas.
Quick Reference Table
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Exchange rates are updated daily and provided for informational purposes only. Not suitable for financial transactions. Source: fawazahmed0/exchange-api (MIT license).