Historic Saudi riyal Iranian Rial

Saudi riyal iranian rial history for November 2023. The highest quote for this month is 11218.4 (16/11/2023) and the lowest 11221.3 (14/11/2023). The difference between high and low is -0.03.

SAR IRR average rate for November 2023 is 11217.15769, the change between 01/11/2023 and 30/11/2023 is +0.01 %.

01 November 20231 SAR = 11216.90 IRR
02 November 20231 SAR = 11216.60 IRR
03 November 20231 SAR = 11209.40 IRR
06 November 20231 SAR = 11214.50 IRR
07 November 20231 SAR = 11212.30 IRR
08 November 20231 SAR = 11272.40 IRR
09 November 20231 SAR = 11271.60 IRR
10 November 20231 SAR = 11210.70 IRR
12 November 20231 SAR = 11203.60 IRR
13 November 20231 SAR = 11198.50 IRR
14 November 20231 SAR = 11218.30 IRR
15 November 20231 SAR = 11211.20 IRR
16 November 20231 SAR = 11212.70 IRR
17 November 20231 SAR = 11219.90 IRR
18 November 20231 SAR = 11205.40 IRR
19 November 20231 SAR = 11205.40 IRR
20 November 20231 SAR = 11208.90 IRR
21 November 20231 SAR = 11218.60 IRR
22 November 20231 SAR = 11218.70 IRR
23 November 20231 SAR = 11218.60 IRR
24 November 20231 SAR = 11212.20 IRR
26 November 20231 SAR = 11204.50 IRR
27 November 20231 SAR = 11219.00 IRR
28 November 20231 SAR = 11211.60 IRR
29 November 20231 SAR = 11218.40 IRR
30 November 20231 SAR = 11216.20 IRR

23/02/2020: COVID-19 Pandemic's Impact on the Iranian Rial

The COVID-19 pandemic, along with economic challenges, caused further depreciation of the Iranian Rial (IRR) against major currencies.

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.

10/04/2018: Revaluation of the Iranian Rial

Iran's government announced a new currency exchange rate, devaluing the Iranian Rial (IRR) against foreign currencies.

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.

24/09/2012: Imposition of International Sanctions on Iran

International sanctions were imposed on Iran, leading to a significant decline in the value of the Iranian Rial (IRR).

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.

24/05/1989: Introduction of the Two-Tier Exchange Rate System

Iran implemented a two-tier exchange rate system, with different rates for essential goods and non-essential imports.

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.

26/10/1975: Floating of the Iranian Rial

The Iranian Rial (IRR) was allowed to float against foreign currencies, marking the end of the fixed exchange rate system.

01/09/1957: Decimalization of the Iranian Rial

The Iranian Rial (IRR) was decimalized, dividing one Toman into 10 Rials to simplify the currency system.

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.

01/04/1932: Introduction of the Iranian Rial

The Iranian Rial (IRR) was introduced as the official currency of Iran after replacing the Qiran.
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