Historic Saudi riyal New Zealand Dollar

Saudi riyal new zealand dollar history for February 2024. The highest quote for this month is 0.44154 (05/02/2024) and the lowest 0.43988 (03/02/2024). The difference between high and low is 0.38.

SAR NZD average rate for February 2024 is 0.43559, the change between 01/02/2024 and 29/02/2024 is -0.22 %.

01 February 20241 SAR = 0.4368 NZD
02 February 20241 SAR = 0.4344 NZD
03 February 20241 SAR = 0.4398 NZD
04 February 20241 SAR = 0.4396 NZD
05 February 20241 SAR = 0.4398 NZD
06 February 20241 SAR = 0.4410 NZD
07 February 20241 SAR = 0.4377 NZD
08 February 20241 SAR = 0.4370 NZD
09 February 20241 SAR = 0.4371 NZD
12 February 20241 SAR = 0.4343 NZD
13 February 20241 SAR = 0.4357 NZD
14 February 20241 SAR = 0.4407 NZD
15 February 20241 SAR = 0.4383 NZD
16 February 20241 SAR = 0.4369 NZD
18 February 20241 SAR = 0.4353 NZD
19 February 20241 SAR = 0.4351 NZD
20 February 20241 SAR = 0.4346 NZD
21 February 20241 SAR = 0.4328 NZD
22 February 20241 SAR = 0.4320 NZD
23 February 20241 SAR = 0.4309 NZD
24 February 20241 SAR = 0.4305 NZD
25 February 20241 SAR = 0.4302 NZD
26 February 20241 SAR = 0.4315 NZD
27 February 20241 SAR = 0.4329 NZD
28 February 20241 SAR = 0.4327 NZD
29 February 20241 SAR = 0.4378 NZD

20/03/2020: COVID-19 Pandemic Effects

The outbreak of the COVID-19 pandemic causes global economic turmoil, leading to volatility in the New Zealand dollar exchange rate and GDP contraction.

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.

10/10/2008: Global Financial Crisis Hits New Zealand

New Zealand experiences the impact of the global financial crisis, leading to a sharp depreciation of the New Zealand dollar and economic slowdown.

10/07/2005: Polymer Banknotes Introduced

New Zealand introduces polymer banknotes, replacing the traditional paper notes for increased durability and security.

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.

05/10/1987: Black Monday Stock Market Crash

Global stock market crash leads to a significant devaluation of the New Zealand dollar and a deep recession in the country.

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.

04/03/1985: Floating Exchange Rate Introduced

New Zealand dollar is allowed to float freely against other currencies, marking the end of fixed exchange rates.

10/07/1961: Decimalization of Currency

New Zealand adopts the decimal currency system, replacing the pound with the New Zealand dollar. NZ$1 is equivalent to NZ£2.

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.

19/10/1933: New Zealand Pound Pegged to the British Pound

New Zealand pound is pegged to the British pound at a rate of £1 to NZ£0.624275.

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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