Convert Saudi Arabian Riyal to Canadian Dollar
Convert Saudi Arabian Riyal (SAR) to Canadian Dollar (CAD) using daily updated exchange rates.
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Exchange Rate
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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.
About Canadian Dollar
The Canadian Dollar (CAD), nicknamed the "Loonie" after the loon bird on the one-dollar coin, was introduced in 1858 and has been the official currency of Canada since Confederation in 1867. It is the sixth most traded currency in global foreign exchange markets. Canada's economy is among the world's ten largest and is closely integrated with the US economy under the USMCA (formerly NAFTA) agreement. The Bank of Canada manages monetary policy with a floating exchange rate.
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).