Saudi Riyal (﷼) to Canadian Dollar (CA$) Conversion

Saudi Riyal

The Saudi Riyal (SAR) is the official currency of Saudi Arabia, managed by the Saudi Central Bank (formerly SAMA). The riyal has been pegged to the US Dollar at approximately 3.75 SAR/USD since 1986 — one of the world's most enduring currency pegs — made sustainable by Saudi Arabia's enormous oil revenues. As the world's largest oil exporter and a founding member of OPEC, Saudi Arabia's economic fortunes and the riyal's stability are closely tied to global oil market conditions.

Canadian Dollar

The Canadian Dollar (CAD) is the official currency of Canada and the sixth most traded currency in global foreign exchange markets. Often called the "loonie" after the loon bird on its one-dollar coin, the CAD is closely correlated with commodity prices — particularly oil, as Canada is one of the world's largest oil exporters. The Bank of Canada manages monetary policy independently of the US Federal Reserve, though the close trade relationship between Canada and the United States means the CAD/USD rate is one of the most watched currency pairs.

Convert Saudi Riyal (﷼) to other units of Currency