Historic Saudi riyal Australian dollar

Saudi riyal australian dollar history for December 2023. The highest quote for this month is 0.40903 (07/12/2023) and the lowest 0.40563 (11/12/2023). The difference between high and low is 0.83.

SAR AUD average rate for December 2023 is 0.39866, the change between 01/12/2023 and 31/12/2023 is +3.18 %.

01 December 20231 SAR = 0.4040 AUD
03 December 20231 SAR = 0.4000 AUD
04 December 20231 SAR = 0.3990 AUD
05 December 20231 SAR = 0.4034 AUD
06 December 20231 SAR = 0.4073 AUD
07 December 20231 SAR = 0.4076 AUD
08 December 20231 SAR = 0.4047 AUD
10 December 20231 SAR = 0.4056 AUD
11 December 20231 SAR = 0.4053 AUD
12 December 20231 SAR = 0.4066 AUD
13 December 20231 SAR = 0.4067 AUD
14 December 20231 SAR = 0.4004 AUD
15 December 20231 SAR = 0.3982 AUD
16 December 20231 SAR = 0.3983 AUD
17 December 20231 SAR = 0.3981 AUD
18 December 20231 SAR = 0.3980 AUD
19 December 20231 SAR = 0.3982 AUD
20 December 20231 SAR = 0.3947 AUD
21 December 20231 SAR = 0.3961 AUD
22 December 20231 SAR = 0.3927 AUD
23 December 20231 SAR = 0.3922 AUD
24 December 20231 SAR = 0.3922 AUD
25 December 20231 SAR = 0.3916 AUD
26 December 20231 SAR = 0.3919 AUD
27 December 20231 SAR = 0.3908 AUD
28 December 20231 SAR = 0.3895 AUD
29 December 20231 SAR = 0.3911 AUD

18/03/2020: COVID-19 pandemic impact

The Australian dollar experienced a sharp decline due to the global economic impact of the COVID-19 pandemic and uncertainty in financial markets.

20/05/2018: SAMA grants licenses for full-fledged digital banks

SAMA issued licenses to two banks for providing digital banking services, reflecting a shift towards digitalization in the financial sector.

21/12/2016: Saudi Arabia introduces the SAR 200 note

A new 200 riyal banknote was introduced, featuring a portrait of King Abdullah bin Abdulaziz Al Saud.

13/10/2011: Record high exchange rate

The Australian dollar reached a record high exchange rate of above $1.10 against the US dollar, driven by strong commodity demand and high interest rates.

06/10/2008: Global Financial Crisis

The Australian dollar experienced a significant decline due to the impact of the global financial crisis, reaching a low point of around $0.60 against the US dollar.

20/12/2003: Launch of Riyal Interbank Express (SARIE)

SAMA launched SARIE, a real-time gross settlement system, improving interbank transactions and money transfers.

27/05/1997: Introduction of Saudi Arabian Monetary Agency new design series

SAMA introduced a new series of banknotes with enhanced security features to combat counterfeiting.

30/06/1996: Introduction of the polymer banknotes

Australia introduced polymer banknotes, replacing the paper-based banknotes, enhancing their durability and security features.

30/06/1986: Saudi riyal pegged to the US dollar at 3.75 SAR per USD

Saudi Arabia pegged its currency to the USD, ensuring stability and ease of trade with international partners.

08/03/1983: Floating of the Australian dollar

The Australian dollar was fully floated and allowed to fluctuate freely on the foreign exchange market, leading to increased volatility.

12/12/1971: End of the fixed exchange rate

Australia shifted from a fixed exchange rate to a flexible exchange rate, allowing market forces to determine the value of the Australian dollar.

13/02/1966: Decimalisation of the Australian currency

Australia adopted decimal currency, replacing the pound with the Australian dollar, symbol 'A$'.

01/03/1952: Introduction of Saudi Arabian Monetary Agency (SAMA)

SAMA was established as the central bank of Saudi Arabia, responsible for issuing and managing the Saudi riyal.

23/09/1932: Establishment of the Kingdom of Saudi Arabia

The Saudi riyal currency was introduced following the unification of the Kingdom under King Abdulaziz Al Saud.
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