Convert Falkland Islands Pound to Saudi Riyal
Please provide values below to convert Falkland Islands Pound [FKP] to Saudi Riyal [SAR], or Convert Saudi Riyal to Falkland Islands Pound.
How to Convert Falkland Islands Pound to Saudi Riyal
1 FKP = 0.197413333333333 SAR
Example: convert 15 FKP to SAR:
15 FKP = 15 × 0.197413333333333 SAR = 2.9612 SAR
Falkland Islands Pound to Saudi Riyal Conversion Table
| Falkland Islands Pound | Saudi Riyal |
|---|
Falkland Islands Pound
The Falkland Islands Pound (FKP) is the official currency of the Falkland Islands, pegged at par to the British Pound Sterling.
History/Origin
Introduced in 1899, the Falkland Islands Pound has been used as the local currency, maintaining a fixed exchange rate with the British Pound, and has evolved alongside economic developments in the islands.
Current Use
The Falkland Islands Pound is actively used for all local transactions, issued by the Falkland Islands Monetary Authority, and is accepted alongside the British Pound within the islands.
Saudi Riyal
The Saudi Riyal (SAR) is the official currency of Saudi Arabia, used for all monetary transactions within the country.
History/Origin
The Saudi Riyal was introduced in 1925, replacing the Indian Rupee, and has undergone various reforms, including decimalization in 1929. It is issued and regulated by the Saudi Central Bank.
Current Use
The SAR is widely used in Saudi Arabia for everyday transactions, banking, and international trade, and is pegged to the US dollar at a fixed rate.