Live SAR To NGN Rate

Saudi Riyal to Nigerian Naira rate is live on this page. SAR to NGN and its inverted exchange rate NGN to SAR are updated during market working hours.

LIVE EXCHANGE RATES

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Live USD To SAR Rate.

Live USD To NGN Rate.

Some amounts at the snapped SAR to NGN exchange rate:

As of June 1, 2023 10:58 am London Time.

1 SAR = 122.86 NGN
2 SAR = 245.73 NGN. 3 SAR = 368.59 NGN. 4 SAR = 491.46 NGN. 5 SAR = 614.32 NGN. 6 SAR = 737.18 NGN. 7 SAR = 860.05 NGN. 8 SAR = 982.91 NGN. 9 SAR = 1,105.78 NGN.

10 SAR = 1,228.64 NGN
11 SAR = 1,351.50 NGN. 12 SAR = 1,474.37 NGN. 13 SAR = 1,597.23 NGN. 14 SAR = 1,720.09 NGN. 15 SAR = 1,842.96 NGN. 16 SAR = 1,965.82 NGN. 17 SAR = 2,088.69 NGN. 18 SAR = 2,211.55 NGN. 19 SAR = 2,334.41 NGN.

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20 SAR = 2,457.28 NGN
21 SAR = 2,580.14 NGN. 22 SAR = 2,703.01 NGN. 23 SAR = 2,825.87 NGN. 24 SAR = 2,948.73 NGN. 25 SAR = 3,071.60 NGN. 26 SAR = 3,194.46 NGN. 27 SAR = 3,317.33 NGN. 28 SAR = 3,440.19 NGN. 29 SAR = 3,563.05 NGN.

30 SAR = 3,685.92 NGN
31 SAR = 3,808.78 NGN. 32 SAR = 3,931.65 NGN. 33 SAR = 4,054.51 NGN. 34 SAR = 4,177.37 NGN. 35 SAR = 4,300.24 NGN. 36 SAR = 4,423.10 NGN. 37 SAR = 4,545.97 NGN. 38 SAR = 4,668.83 NGN. 39 SAR = 4,791.69 NGN.

40 SAR = 4,914.56 NGN
41 SAR = 5,037.42 NGN. 42 SAR = 5,160.28 NGN. 43 SAR = 5,283.15 NGN. 44 SAR = 5,406.01 NGN. 45 SAR = 5,528.88 NGN. 46 SAR = 5,651.74 NGN. 47 SAR = 5,774.60 NGN. 48 SAR = 5,897.47 NGN. 49 SAR = 6,020.33 NGN.

50 SAR = 6,143.20 NGN
51 SAR = 6,266.06 NGN. 52 SAR = 6,388.92 NGN. 53 SAR = 6,511.79 NGN. 54 SAR = 6,634.65 NGN. 55 SAR = 6,757.52 NGN. 56 SAR = 6,880.38 NGN. 57 SAR = 7,003.24 NGN. 58 SAR = 7,126.11 NGN. 59 SAR = 7,248.97 NGN.

60 SAR = 7,371.84 NGN
61 SAR = 7,494.70 NGN. 62 SAR = 7,617.56 NGN. 63 SAR = 7,740.43 NGN. 64 SAR = 7,863.29 NGN. 65 SAR = 7,986.16 NGN. 66 SAR = 8,109.02 NGN. 67 SAR = 8,231.88 NGN. 68 SAR = 8,354.75 NGN. 69 SAR = 8,477.61 NGN.

70 SAR = 8,600.47 NGN
71 SAR = 8,723.34 NGN. 72 SAR = 8,846.20 NGN. 73 SAR = 8,969.07 NGN. 74 SAR = 9,091.93 NGN. 75 SAR = 9,214.79 NGN. 76 SAR = 9,337.66 NGN. 77 SAR = 9,460.52 NGN. 78 SAR = 9,583.39 NGN. 79 SAR = 9,706.25 NGN.

80 SAR = 9,829.11 NGN
81 SAR = 9,951.98 NGN. 82 SAR = 10,074.84 NGN. 83 SAR = 10,197.71 NGN. 84 SAR = 10,320.57 NGN. 85 SAR = 10,443.43 NGN. 86 SAR = 10,566.30 NGN. 87 SAR = 10,689.16 NGN. 88 SAR = 10,812.03 NGN. 89 SAR = 10,934.89 NGN.

90 SAR = 11,057.75 NGN
91 SAR = 11,180.62 NGN. 92 SAR = 11,303.48 NGN. 93 SAR = 11,426.35 NGN. 94 SAR = 11,549.21 NGN. 95 SAR = 11,672.07 NGN. 96 SAR = 11,794.94 NGN. 97 SAR = 11,917.80 NGN. 98 SAR = 12,040.66 NGN. 99 SAR = 12,163.53 NGN.

100 SAR = 12,286.39 NGN
110 SAR = 13,515.03 NGN. 120 SAR = 14,743.67 NGN. 130 SAR = 15,972.31 NGN. 140 SAR = 17,200.95 NGN. 150 SAR = 18,429.59 NGN. 160 SAR = 19,658.23 NGN. 170 SAR = 20,886.87 NGN. 180 SAR = 22,115.51 NGN. 190 SAR = 23,344.15 NGN.

200 SAR = 24,572.79 NGN
210 SAR = 25,801.42 NGN. 220 SAR = 27,030.06 NGN. 230 SAR = 28,258.70 NGN. 240 SAR = 29,487.34 NGN. 250 SAR = 30,715.98 NGN. 260 SAR = 31,944.62 NGN. 270 SAR = 33,173.26 NGN. 280 SAR = 34,401.90 NGN. 290 SAR = 35,630.54 NGN.

300 SAR = 36,859.18 NGN
310 SAR = 38,087.82 NGN. 320 SAR = 39,316.46 NGN. 330 SAR = 40,545.10 NGN. 340 SAR = 41,773.73 NGN. 350 SAR = 43,002.37 NGN. 360 SAR = 44,231.01 NGN. 370 SAR = 45,459.65 NGN. 380 SAR = 46,688.29 NGN. 390 SAR = 47,916.93 NGN.

400 SAR = 49,145.57 NGN
410 SAR = 50,374.21 NGN. 420 SAR = 51,602.85 NGN. 430 SAR = 52,831.49 NGN. 440 SAR = 54,060.13 NGN. 450 SAR = 55,288.77 NGN. 460 SAR = 56,517.41 NGN. 470 SAR = 57,746.05 NGN. 480 SAR = 58,974.68 NGN. 490 SAR = 60,203.32 NGN.

500 SAR = 61,431.96 NGN
510 SAR = 62,660.60 NGN. 520 SAR = 63,889.24 NGN. 530 SAR = 65,117.88 NGN. 540 SAR = 66,346.52 NGN. 550 SAR = 67,575.16 NGN. 560 SAR = 68,803.80 NGN. 570 SAR = 70,032.44 NGN. 580 SAR = 71,261.08 NGN. 590 SAR = 72,489.72 NGN.

600 SAR = 73,718.36 NGN
610 SAR = 74,946.99 NGN. 620 SAR = 76,175.63 NGN. 630 SAR = 77,404.27 NGN. 640 SAR = 78,632.91 NGN. 650 SAR = 79,861.55 NGN. 660 SAR = 81,090.19 NGN. 670 SAR = 82,318.83 NGN. 680 SAR = 83,547.47 NGN. 690 SAR = 84,776.11 NGN.

700 SAR = 86,004.75 NGN
710 SAR = 87,233.39 NGN. 720 SAR = 88,462.03 NGN. 730 SAR = 89,690.67 NGN. 740 SAR = 90,919.31 NGN. 750 SAR = 92,147.94 NGN. 760 SAR = 93,376.58 NGN. 770 SAR = 94,605.22 NGN. 780 SAR = 95,833.86 NGN. 790 SAR = 97,062.50 NGN.

800 SAR = 98,291.14 NGN
810 SAR = 99,519.78 NGN. 820 SAR = 100,748.42 NGN. 830 SAR = 101,977.06 NGN. 840 SAR = 103,205.70 NGN. 850 SAR = 104,434.34 NGN. 860 SAR = 105,662.98 NGN. 870 SAR = 106,891.62 NGN. 880 SAR = 108,120.26 NGN. 890 SAR = 109,348.89 NGN.

900 SAR = 110,577.53 NGN
910 SAR = 111,806.17 NGN. 920 SAR = 113,034.81 NGN. 930 SAR = 114,263.45 NGN. 940 SAR = 115,492.09 NGN. 950 SAR = 116,720.73 NGN. 960 SAR = 117,949.37 NGN. 970 SAR = 119,178.01 NGN. 980 SAR = 120,406.65 NGN. 990 SAR = 121,635.29 NGN.

1000 SAR = 122,863.93 NGN
1100 SAR = 135,150.32 NGN. 1200 SAR = 147,436.71 NGN. 1300 SAR = 159,723.10 NGN. 1400 SAR = 172,009.50 NGN. 1500 SAR = 184,295.89 NGN. 1600 SAR = 196,582.28 NGN. 1700 SAR = 208,868.67 NGN. 1800 SAR = 221,155.07 NGN. 1900 SAR = 233,441.46 NGN.

2000 SAR = 245,727.85 NGN
2100 SAR = 258,014.24 NGN. 2200 SAR = 270,300.64 NGN. 2300 SAR = 282,587.03 NGN. 2400 SAR = 294,873.42 NGN. 2500 SAR = 307,159.82 NGN. 2600 SAR = 319,446.21 NGN. 2700 SAR = 331,732.60 NGN. 2800 SAR = 344,018.99 NGN. 2900 SAR = 356,305.39 NGN.

3000 SAR = 368,591.78 NGN
3100 SAR = 380,878.17 NGN. 3200 SAR = 393,164.56 NGN. 3300 SAR = 405,450.96 NGN. 3400 SAR = 417,737.35 NGN. 3500 SAR = 430,023.74 NGN. 3600 SAR = 442,310.13 NGN. 3700 SAR = 454,596.53 NGN. 3800 SAR = 466,882.92 NGN. 3900 SAR = 479,169.31 NGN.

4000 SAR = 491,455.70 NGN
4100 SAR = 503,742.10 NGN. 4200 SAR = 516,028.49 NGN. 4300 SAR = 528,314.88 NGN. 4400 SAR = 540,601.28 NGN. 4500 SAR = 552,887.67 NGN. 4600 SAR = 565,174.06 NGN. 4700 SAR = 577,460.45 NGN. 4800 SAR = 589,746.85 NGN. 4900 SAR = 602,033.24 NGN.

5000 SAR = 614,319.63 NGN
5100 SAR = 626,606.02 NGN. 5200 SAR = 638,892.42 NGN. 5300 SAR = 651,178.81 NGN. 5400 SAR = 663,465.20 NGN. 5500 SAR = 675,751.59 NGN. 5600 SAR = 688,037.99 NGN. 5700 SAR = 700,324.38 NGN. 5800 SAR = 712,610.77 NGN. 5900 SAR = 724,897.16 NGN.

6000 SAR = 737,183.56 NGN
6100 SAR = 749,469.95 NGN. 6200 SAR = 761,756.34 NGN. 6300 SAR = 774,042.73 NGN. 6400 SAR = 786,329.13 NGN. 6500 SAR = 798,615.52 NGN. 6600 SAR = 810,901.91 NGN. 6700 SAR = 823,188.31 NGN. 6800 SAR = 835,474.70 NGN. 6900 SAR = 847,761.09 NGN.

7000 SAR = 860,047.48 NGN
7100 SAR = 872,333.88 NGN. 7200 SAR = 884,620.27 NGN. 7300 SAR = 896,906.66 NGN. 7400 SAR = 909,193.05 NGN. 7500 SAR = 921,479.45 NGN. 7600 SAR = 933,765.84 NGN. 7700 SAR = 946,052.23 NGN. 7800 SAR = 958,338.62 NGN. 7900 SAR = 970,625.02 NGN.

8000 SAR = 982,911.41 NGN
8100 SAR = 995,197.80 NGN. 8200 SAR = 1,007,484.19 NGN. 8300 SAR = 1,019,770.59 NGN. 8400 SAR = 1,032,056.98 NGN. 8500 SAR = 1,044,343.37 NGN. 8600 SAR = 1,056,629.76 NGN. 8700 SAR = 1,068,916.16 NGN. 8800 SAR = 1,081,202.55 NGN. 8900 SAR = 1,093,488.94 NGN.

9000 SAR = 1,105,775.34 NGN
9100 SAR = 1,118,061.73 NGN. 9200 SAR = 1,130,348.12 NGN. 9300 SAR = 1,142,634.51 NGN. 9400 SAR = 1,154,920.91 NGN. 9500 SAR = 1,167,207.30 NGN. 9600 SAR = 1,179,493.69 NGN. 9700 SAR = 1,191,780.08 NGN. 9800 SAR = 1,204,066.48 NGN. 9900 SAR = 1,216,352.87 NGN.

10000 SAR = 1,228,639.26 NGN
10100 SAR = 1,240,925.65 NGN. 10200 SAR = 1,253,212.05 NGN. 10300 SAR = 1,265,498.44 NGN. 10400 SAR = 1,277,784.83 NGN. 10500 SAR = 1,290,071.22 NGN. 10600 SAR = 1,302,357.62 NGN. 10700 SAR = 1,314,644.01 NGN. 10800 SAR = 1,326,930.40 NGN. 10900 SAR = 1,339,216.80 NGN.

11000 SAR = 1,351,503.19 NGN
11100 SAR = 1,363,789.58 NGN. 11200 SAR = 1,376,075.97 NGN. 11300 SAR = 1,388,362.37 NGN. 11400 SAR = 1,400,648.76 NGN. 11500 SAR = 1,412,935.15 NGN. 11600 SAR = 1,425,221.54 NGN. 11700 SAR = 1,437,507.94 NGN. 11800 SAR = 1,449,794.33 NGN. 11900 SAR = 1,462,080.72 NGN.

12000 SAR = 1,474,367.11 NGN
12100 SAR = 1,486,653.51 NGN. 12200 SAR = 1,498,939.90 NGN. 12300 SAR = 1,511,226.29 NGN. 12400 SAR = 1,523,512.68 NGN. 12500 SAR = 1,535,799.08 NGN. 12600 SAR = 1,548,085.47 NGN. 12700 SAR = 1,560,371.86 NGN. 12800 SAR = 1,572,658.25 NGN. 12900 SAR = 1,584,944.65 NGN.

13000 SAR = 1,597,231.04 NGN
13100 SAR = 1,609,517.43 NGN. 13200 SAR = 1,621,803.83 NGN. 13300 SAR = 1,634,090.22 NGN. 13400 SAR = 1,646,376.61 NGN. 13500 SAR = 1,658,663.00 NGN. 13600 SAR = 1,670,949.40 NGN. 13700 SAR = 1,683,235.79 NGN. 13800 SAR = 1,695,522.18 NGN. 13900 SAR = 1,707,808.57 NGN.

14000 SAR = 1,720,094.97 NGN
14100 SAR = 1,732,381.36 NGN. 14200 SAR = 1,744,667.75 NGN. 14300 SAR = 1,756,954.14 NGN. 14400 SAR = 1,769,240.54 NGN. 14500 SAR = 1,781,526.93 NGN. 14600 SAR = 1,793,813.32 NGN. 14700 SAR = 1,806,099.71 NGN. 14800 SAR = 1,818,386.11 NGN. 14900 SAR = 1,830,672.50 NGN.

15000 SAR = 1,842,958.89 NGN

Why are exchange rates changing?

Currency graphs have been hyperactive with high jumps and low dips lately. This fluctuation is normal and is governed by supply and demand. Currency exchange involves the buying and selling of the world's monies vis-à-vis any other commodity. If the need for a particular country's currency is high, the high demand leads to a higher forex rate, and vice versa.

But the demand and supply of the world's currencies are influenced by many other factors.

Just like the demand and supply of oil is influenced by the number of vehicles on the road or the technological efficiency in the production of that oil, money has similar determinants. They range from monetary policies to politics and other factors that affect the economy.

Changing inflation rates

Inflation rates are direct indicators of the purchasing power of a country's currency. If the inflation rate is high in your country, you might need more money to buy a cup of coffee now than you did last year. If it is low, the same cup of coffee will cost surprisingly lower.

High inflation rates indicate a weakening economy, while low inflation rates denote a strengthening economy. Currency values rise when the inflation rate is lower, and the economy is stronger. They fall when inflation rises.

Different political climates

Economy and politics are tied at the hip. Bad political temperatures can lead to the weakening of a country's currency and cause it to trade for less in the forex market. That is why you find that 1 USD can be worth thousands in countries with unstable politics from Venezuela to Zimbabwe. When politics is bad, it destroys the business environment and productivity, leading to a weaker economy.

Politically sound countries, on the other hand, have an encouraging environment for investors and innovators. Their economy gets stronger, and the demand for their currencies increases. However, even politically stable countries can have rapid changes in exchange rates when nearing an election.

Changes in interest rates

Higher interest rate is another investor magnet. Let's say country A has a higher interest rate than country B. Lenders get high rates and investors are guaranteed a higher return on their investments in country A. This country will, therefore, attract more business from the outside and entrepreneurship from the inside than country B which has lower interest’s rates. The economy of country A will outperform that of country B, and it will see its currency value appreciate significantly.

Exports and imports

International trade affects the balance of trade between country A and B. It shows interest, dividend, and earnings made from the exchange of goods between those two countries. Country A would have a deficit of its buying more of country B's products.

This country would spend more currency than it receives from trading with country B. The excess demand for country B's currency drives up its value because it starts to become scarce. On the other hand, country A's currency value will start to decline because the world is oversupplied with it.

Domestic and international debt

Countries that operate on a deficit budget spend more than they make (collect in taxes). These countries often turn to internal or international borrowing to fill the gap in their finances and stimulate the economy.

However, that can lead to a massive public debt that discourages foreign investors and domestic entrepreneurs because large public debt drives up inflation and minimize returns on investment. The economy of such a country takes on a downturn. That eventuality leads to a weaker currency and a lower exchange rate.

Health risks, epidemics, and public fear

Much of the whipsawing currently happening in the Forex market is linked to the coronavirus. Health disasters like these wreak havoc to a country's economy and make it impossible to work. A lot of resources are directed towards the health issue, while other areas of the economy suffer.

Productivity is hugely impacted.

When it comes to ailments like influenza, malaria, and HIV AIDs, developed countries, have created better response strategies and lowered their infection rates. These countries boast of better economies as a result, and higher exchange rates in the Forex market.

But for a new epidemic that is affecting all parts of the world equally, exchange rates are dropping and rising based on individual country's response measures, death tolls, and progress in developing a cure vaccine.

The takeaway

Countless factors affect the demand and supply of a country's currency and in turn, the exchange rate. It all boils down to economic productivity and stability. Countries with stronger or strengthening economies will have a higher exchange rate (you will buy more foreign currency with their money) compared to countries with weaker or weakening economies.