Saudi riyal swiss franc exchange rate history (SAR CHF) October 2023

Saudi riyal swiss franc history for October 2023. The highest quote for this month is 0.24671 (03/10/2023) and the lowest 0.24513 (03/10/2023). The difference between high and low is 0.64.

SAR CHF average rate for October 2023 is 0.24115, the change between 01/10/2023 and 31/10/2023 is +1.31 %.

01 October 2023	1 SAR = 0.2440 CHF
02 October 2023	1 SAR = 0.2441 CHF
03 October 2023	1 SAR = 0.2451 CHF
04 October 2023	1 SAR = 0.2459 CHF
05 October 2023	1 SAR = 0.2447 CHF
06 October 2023	1 SAR = 0.2436 CHF
09 October 2023	1 SAR = 0.2426 CHF
10 October 2023	1 SAR = 0.2415 CHF
11 October 2023	1 SAR = 0.2415 CHF
12 October 2023	1 SAR = 0.2405 CHF
13 October 2023	1 SAR = 0.2423 CHF
16 October 2023	1 SAR = 0.2409 CHF
17 October 2023	1 SAR = 0.2404 CHF
18 October 2023	1 SAR = 0.2403 CHF
19 October 2023	1 SAR = 0.2399 CHF
20 October 2023	1 SAR = 0.2381 CHF
22 October 2023	1 SAR = 0.2382 CHF
23 October 2023	1 SAR = 0.2384 CHF
24 October 2023	1 SAR = 0.2377 CHF
25 October 2023	1 SAR = 0.2384 CHF
26 October 2023	1 SAR = 0.2394 CHF
27 October 2023	1 SAR = 0.2399 CHF
29 October 2023	1 SAR = 0.2404 CHF
30 October 2023	1 SAR = 0.2406 CHF
31 October 2023	1 SAR = 0.2408 CHF

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.

15/01/2015: Removal of Minimum Exchange Rate

The Swiss National Bank unexpectedly abandoned the minimum exchange rate, causing the Swiss franc (CHF) to surge in value.

06/09/2011: Implementation of Minimum Exchange Rate

The Swiss National Bank imposed a minimum exchange rate pegging the Swiss franc (CHF) to the Euro to prevent excessive appreciation.

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

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

13/09/1999: Introduction of Euro

Switzerland decided not to join the Eurozone and maintain the Swiss franc (CHF) as its official currency.

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.

30/06/1986: 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.

08/05/1973: Floatation of Swiss Franc

Switzerland abandoned the fixed exchange rate system, allowing the Swiss franc (CHF) to float freely against other currencies.

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.

01/05/1936: Introduction of Swiss National Bank

The Swiss National Bank was established as the central bank responsible for issuing and managing the Swiss franc (CHF).

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.

24/11/1907: Gold Standard Referendum

Switzerland voted to adopt the gold standard, making the Swiss franc (CHF) fully convertible into gold.

06/06/1850: Currency Act of 1850

The Swiss franc (CHF) was introduced as the official currency of Switzerland.

Historic Saudi riyal Swiss franc