Historic Saudi riyal Danish Krone

Saudi riyal danish krone history for July 2023. The highest quote for this month is 1.8301 (06/07/2023) and the lowest 1.8258 (05/07/2023). The difference between high and low is 0.23.

SAR DKK average rate for July 2023 is 1.79865, the change between 01/07/2023 and 31/07/2023 is +0.98 %.

03 July 20231 SAR = 1.820 DKK
04 July 20231 SAR = 1.822 DKK
05 July 20231 SAR = 1.827 DKK
06 July 20231 SAR = 1.832 DKK
07 July 20231 SAR = 1.825 DKK
10 July 20231 SAR = 1.811 DKK
11 July 20231 SAR = 1.807 DKK
12 July 20231 SAR = 1.806 DKK
13 July 20231 SAR = 1.786 DKK
14 July 20231 SAR = 1.772 DKK
17 July 20231 SAR = 1.769 DKK
18 July 20231 SAR = 1.770 DKK
19 July 20231 SAR = 1.771 DKK
20 July 20231 SAR = 1.775 DKK
21 July 20231 SAR = 1.786 DKK
24 July 20231 SAR = 1.786 DKK
25 July 20231 SAR = 1.798 DKK
26 July 20231 SAR = 1.800 DKK
27 July 20231 SAR = 1.796 DKK
28 July 20231 SAR = 1.811 DKK
31 July 20231 SAR = 1.802 DKK

04/02/2021: Ending of Intervention Policy

Denmark's central bank announced the end of its long-standing policy of defending the Krone's peg to the Euro.

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.

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

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

19/09/2000: Referendum on Euro Membership

Danish voters rejected adopting the Euro in a referendum, maintaining the Krone as the national currency.

31/12/1998: Euro peg

Denmark joined the European Exchange Rate Mechanism (ERM II), pegging the Krone to the Euro with a narrow fluctuation band.

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.

24/03/1982: Floating Exchange Rate

Denmark switched to a floating exchange rate regime, allowing the Krone's value to be determined by market forces.

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.

21/07/1944: Bretton Woods Agreement

Denmark became a member of the International Monetary Fund (IMF) and agreed to the Bretton Woods system, pegging the Krone to the US dollar.

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.

10/09/1927: Return to Gold Standard

Denmark abandoned the gold standard due to economic pressures and public debt.

31/12/1872: Pegging to Gold Standard

The Danish Krone was pegged to the gold standard, fixing its value in relation to gold.