Convert Saudi Riyal to Chinese Yuan (Offshore)
Please provide values below to convert Saudi Riyal [SAR] to Chinese Yuan (Offshore) [CNH], or Convert Chinese Yuan (Offshore) to Saudi Riyal.
How to Convert Saudi Riyal to Chinese Yuan (Offshore)
1 SAR = 0.522901772971668 CNH
Example: convert 15 SAR to CNH:
15 SAR = 15 × 0.522901772971668 CNH = 7.84352659457501 CNH
Saudi Riyal to Chinese Yuan (Offshore) Conversion Table
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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.
Chinese Yuan (Offshore)
CNH (Chinese Yuan Offshore) is the offshore version of China's currency, the Renminbi, used primarily for international trade and investment outside mainland China.
History/Origin
CNH was introduced in 2010 to facilitate offshore trading of the Chinese currency, allowing greater flexibility and internationalization of the Renminbi separate from the onshore RMB (CNY).
Current Use
CNH is widely used in global financial markets for trading, investment, and currency exchange, serving as a key component in international trade involving China.