HISTORY OF SAUDI RIYAL-----ر.س

SAUDI RIYALS HISTORY:-

INTRODUCTION TO SAUDI RIYAL:-

Riyal is the only given to those currencies of various countries lying in the Arabian region consisting of following countries like Iran, Saudi Arabia, Oman, Qatar and Yemen. among all riyal one of the most important and most traded riyal currencies of the countries mentioned below is the Saudi riyal that is the national currency of Kingdom of Saudi Arabia.

Saudi riyal is usually denoted by the sign SR in English. The ISO 4217 currency code for the currency is SAR and given the numeric code of 682. The subunit of Saudi riyal is "hallalah".

The saudi riyal is the official currency of saudia arabia.It is abbreviated as or SR(saudi riyal).It is further divided into 100 halala

The riyal was the official currency of Saudi Arabia from the time when the country came in to creation and this was the currency of Hejaz before being official currency of saudia arabia. The Hejaz riyal was equivalent to the Ottoman 20 kuruş coin and was consequently divided into 20 ghirsh.

APPEARENCE OF SAUDI RIYAL:-

*** 1 Saudi riyal note is Dark brown and orange in colour.

*** 5 riyal note is Dark purple,some part blue and brown in colour.

*** 10 riyal note is Dark Grey, brown and partially purple in colour.

*** 20 riyal note is Grey, brown, blue and with some red colour.


*** 50 riyal note is Green, gray and blue in colour.

*** 100 riyal note is Green, purple and blue in colour.

*** 200 riyal note is Green, red, gray and brown in colour.

*** 500 riyal note is Blue, green and grey in colour.

HISTORY OF CANADIAN DOLLAR-----$

THE GREAT CANADIAN DOLLAR:-

The Great Canadian dollar -----$----- is the currency of Canada. It is usually abbreviated with the Dollar $ symbol usually C$ to differentiate it from other dollar currencies used in other countries.It is divided into 100 cents(100 parts). In the year of 2007, The Canadian Dollar was on the 7th number in the list of most traded currency in the world.It is one of the most stable currency of the world

Currencies used in Canada:-

1).Newfoundland dollar used from 1865 till 1895 in Canada.
2).The Nova Scotian dollar used from 1860 till 1871 in Canada.
3).Prince Edward Island dollar used from 1871 till 1873 in Canada.
4).British Columbia dollar used from 1861 till 1871 in Canada.
5).New Brunswick dollar used from 1860 till 1870 in Canada.
6).Canadian pound used from 1841 till 1858 in Canada.
7).Canadian dollar used from 1858 till present in Canada.


MANY COUNTRIES AND MANY BANKS KEEP CANADIAN DOLLAR $ AS RESERVE CURRENCY.CANADIAN DOLLAR IS CONSIDERED TO BE THE BENCH MARK CURRENCY.


CANADIAN DOLLAR VS AMERICAN DOLLAR:-
1 Canadian dollar = 0.947059 U.S. dollars

HISTORY OF JAPENESE "YEN" ---¥

HISTORY OF YEN:-

SYMBOL:-¥

"YEN"(¥) is the currency used in Japan.After United States dollar and the euro it is the third most-traded currency in the foreign exchange market for trading.

The Japanese YEN is also widely used as a reserve currency after the U.S. dollar the great Europe and the British pound sterling.
In east asia large no of Yen are counted in multiples of 10,000(man, 万) in the same way as values in Western countries or European countries are often quoted in thousands or other.The word en that is used in yen means "round object" .

The Japanese yen was officially adopted by the government of Meiji in an Act been signed on May 10, 1871.The japanese YEN in the, form of a silver coin similar to the contemporary Mexican Peso,was introduced beginning from the month July of 1871.

In the year of 1949 the Yen was equivalent to 1 United States Dollar and this stayed in effect until 1971. Japanese coins come in 1, 5, 10, 50,100 and 500 Yen.

All of the bills and coins in japan are different sizes. For example the bills decrease in size from 10,000 Yen to 1,000 Yen. Each bill has also been raised bumps in the bottom, left corner if we look at the bill from the front

Some common and well known currency symbols and Abbreviations used in "FOREIGN EXCHANGE MARKET"

ABBREVIATION USED:-


USD --- The United States Dollar--- $

EUR --- The currency introduced by European Union for only european countries "EURO".---€.Used only in European countries for trading and for other things.

GBP --- The Great British Pound.It used in british countries like england.£---

JPN --- The Japanese Yen.Used in JAPAN.---¥

CHF --- The Swiss Franc.It is used in switzerland.---CHF

AUD --- The Australian Dollar.It is used in australia.---$

CAD --- The Canadian Dollar.It is used in Canada.$



THESE SIGN AND SYMBOLS ARE THE MOST COMMON ONES THAT ARE USED IN FOREX EXCHANGING.THESE SIGNS AND SYMBOLS ARE GIVEN FOR FOR YOUR CONVENIENCE.OTHER THAN THIS MANY OTHER CURRENCIES ARE PRESENT BUT THESE CURRENCIES ARE THE MOST USED CURRENCIES IN FORIGN EXCHANGE.DUE TO THE DOWN FALL OF AMERICAN DOLLAR IN INTERNATIONAL MARKET MANY COUNTRIES ARE NOW KEEPING THEIR RESERVES IN GOLD OR JAPANES YEN INSTED OF DOLLAR>

What is foreign exchange?

What is foreign exchange?

In global economic market curreny is back bone,Every country have their own currency to trade with one another.a system of exchange rate between their currencies is needed; this system, is formally or comonly known as foreign exchange or currency exchange.and this system solve alot of problem and give a lot of benefit to merchnets.

forex exchange phenomenon

Forex mean currency exchange.(foreign,money,forex,Fx)

To help the international trade and investment

To get information about latest updates in accordance to forex market,don't forget to check this site.


The aim of the foreign exchange market is to support international trade,business and investment. A foreign exchange market (Forex) helps businesses to convert one form of currency into another. For example, it allows a U.S. business to import European products and pay Euros, even though the business's income source is in U.S. dollars.

If a man is living in pakistan,He want to buy some thing from united arab emirates(UAE) the source of income is in pakistani's ruppes,but he want to get the thing from emirates state.so he have to pay the currency for what he is buying in acoordance to the curreny of the state not the currency which is the source of income for it.so simply we can say that every country has its own currency and and we have to pay in,the offical currency of state.Now for this we have to convert one form of currency into another form of currency.which is called forex exchange.

forex exchange phenomenon

Forex mean currency exchange.(foreign,money,forex,Fx)

To help the international trade and investment

To get information about latest updates in accordance to forex market,don't forget to check this site.


The aim of the foreign exchange market is to support international trade,business and investment. A foreign exchange market (Forex) helps businesses to convert one form of currency into another. For example, it allows a U.S. business to import European products and pay Euros, even though the business's income source is in U.S. dollars.

If a man is living in pakistan,He want to buy some thing from united arab emirates(UAE) the source of income is in pakistani's ruppes,but he want to get the thing from emirates state.so he have to pay the currency for what he is buying in acoordance to the curreny of the state not the currency which is the source of income for it.so simply we can say that every country has its own currency and and we have to pay in,the offical currency of state.Now for this we have to convert one form of currency into another form of currency.which is called forex exchange.

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