The official Saudi Riyal (SAR) exchange rate published by the Central Bank of Nigeria for today, March 22, 2026, is ₦360.38, representing an increase of ₦2.35 in value from yesterday’s rate. This means that for every 1 Saudi Riyal (SAR) exchanged, you receive ₦360.38.
Exchange Rate Chart (SAR to NGN)
The chart below shows the movement of the SAR to Naira exchange rate based on the 14 most recent records. It helps you understand trends, market direction, and rate fluctuations to make informed decisions.
Exchange Rate Volatility Status (SAR to NGN)
The Saudi Riyal exchange rate experienced moderate fluctuations over the most recent 14 records, indicating balanced market activity and steady foreign exchange movements.
Status: Moderate
| Metric | Value |
|---|---|
| Highest Rate | ₦373.39 |
| Lowest Rate | ₦358.02 |
| Price Range | ₦15.36 |
Historical Exchange Rate Table (SAR to NGN)
The table below shows the 14 most recent available exchange rate records for Saudi Riyal to Nigerian Naira (NGN), based on official market data.
Currency Converter (SAR to NGN)
Use the currency converter below to instantly calculate exchange values from Saudi Riyal to Naira using the latest rates provided on this page.
Live Exchange Rates (SAR to NGN)
The table below shows calculated conversion values from Saudi Riyal to Naira for different amounts, based on the current exchange rate. It helps you quickly see how various SAR values translate into Naira.
| Amount in SAR | Rate in Naira |
|---|---|
| 1 SAR to Naira | ₦360.38 |
| 10 SAR to Naira | ₦3,603.77 |
| 20 SAR to Naira | ₦7,207.54 |
| 40 SAR to Naira | ₦14,415.09 |
| 60 SAR to Naira | ₦21,622.63 |
| 80 SAR to Naira | ₦28,830.18 |
| 100 SAR to Naira | ₦36,037.72 |
| 200 SAR to Naira | ₦72,075.44 |
| 300 SAR to Naira | ₦108,113.16 |
| 400 SAR to Naira | ₦144,150.88 |
| 500 SAR to Naira | ₦180,188.60 |
| 600 SAR to Naira | ₦216,226.32 |
| 700 SAR to Naira | ₦252,264.04 |
| 800 SAR to Naira | ₦288,301.76 |
| 900 SAR to Naira | ₦324,339.48 |
| 1,000 SAR to Naira | ₦360,377.20 |
Related Exchange Rates Today
See related exchange rates for other major currencies. You can compare their buying and selling prices to stay updated with current market values and overall currency movements.
Understanding the Saudi riyal (SAR) to Naira Exchange Rate
The Saudi Riyal to Naira exchange rate (SAR/NGN) shows how much Nigerian naira (₦) is needed to buy one Saudi riyal (﷼). The Saudi riyal is the official currency of Saudi Arabia and is widely used in financial transactions involving travel, employment, and trade between Nigeria and Saudi Arabia.
The SAR–naira exchange rate is particularly important for Nigerians traveling for Hajj or Umrah, workers in Saudi Arabia sending money home, and businesses involved in trade with the Middle East.
The official exchange rate is determined through regulated financial institutions and influenced by the Central Bank of Nigeria (CBN). It is used for official banking transactions, government payments, and formal international transfers.
Factors That Influence the SAR to NGN Exchange Rate
Several economic factors affect the value of the Saudi riyal relative to the Nigerian naira.
- Nigeria–Saudi Arabia Economic Relations
Trade and economic cooperation between Nigeria and Saudi Arabia can influence currency demand. Nigerian businesses importing goods from Saudi Arabia may require riyals for transactions. - Workers’ Remittances
Many Nigerians work in Saudi Arabia and send money home. These remittances increase the supply of foreign currency and influence the exchange rate. - Oil Market Dynamics
Both Nigeria and Saudi Arabia are major oil-producing countries. Global oil prices and production levels can affect foreign exchange earnings and influence currency values. - Inflation in Nigeria
High inflation reduces the purchasing power of the naira. When inflation in Nigeria rises faster than in Saudi Arabia, the naira tends to depreciate relative to the riyal. - US Dollar Peg
The Saudi riyal is pegged to the US dollar, meaning its value is closely linked to the dollar. Therefore, when the dollar strengthens against the naira, the riyal often strengthens as well.
Why the SAR to Naira Exchange Rate Matters
- Religious Pilgrimage
Thousands of Nigerians travel to Saudi Arabia every year for Hajj and Umrah, requiring them to convert naira to riyals for travel expenses. - Remittances
Nigerians working in Saudi Arabia send money home to support their families. Exchange rate movements affect the value of these remittances. - Trade and Imports
Businesses importing goods from Saudi Arabia must convert naira to riyals, making exchange rate changes important for pricing and costs. - Travel and Tourism
Anyone traveling between Nigeria and Saudi Arabia needs to exchange currency, making the SAR–naira rate important for travel budgeting.
Frequently Asked Questions (SAR to NGN)
How much is 1 Saudi riyal in Naira?
At the current exchange rate, 1 Saudi riyal equals ₦360.38.
How much is 10 Saudi riyals in Naira?
At the current exchange rate, 10 Saudi riyals equals ₦3,603.77.
How much is 50 Saudi riyals in Naira?
At the current exchange rate, 50 Saudi riyals equals ₦18,018.86.
How much is 100 Saudi riyals in Naira?
At the current exchange rate, 100 Saudi riyals equals ₦36,037.72.
How much is 200 Saudi riyals in Naira?
At the current exchange rate, 200 Saudi riyals equals ₦72,075.44.
How much is 500 Saudi riyals in Naira?
At the current exchange rate, 500 Saudi riyals equals ₦180,188.60.
How much is 1,000 Saudi riyals in Naira?
At the current exchange rate, 1,000 Saudi riyals equals ₦360,377.20.