The Saudi Riyal to US Dollar exchange rate can be a bit tricky to navigate, but don't worry, I've got you covered. The exchange rate is determined by the foreign exchange market, which is influenced by various economic and political factors.
The Saudi Riyal (SAR) has been pegged to the US Dollar (USD) since 1986, which means that the value of the SAR is tied to the value of the USD. This peg has helped to maintain stability in the Saudi economy.
In recent years, the SAR has appreciated against the USD, reaching a high of 3.75 SAR to 1 USD in 2014. However, the rate has fluctuated over time due to changes in global economic conditions.
Understanding the exchange rate is crucial for anyone traveling to or doing business in Saudi Arabia, as it can significantly impact the cost of goods and services.
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Historical Data
The Saudi Riyal to USD exchange rate has seen its fair share of fluctuations over time. In fact, the SAR/USD rate is down -0.09% in the six months, indicating a decrease in the value of the Saudi Riyal compared to the US Dollar.
The data shows that the Saudi Riyal has been steadily losing value against the US Dollar, with no clear signs of recovery yet.
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Understanding the Rate
The Saudi Riyal (SAR) to US Dollar (USD) exchange rate is influenced by various factors, including economic indicators such as GDP growth, inflation, and interest rates.
The SAR to USD exchange rate can be affected by geopolitical events like elections and trade agreements.
Central bank decisions, such as interest rate changes, can also impact the exchange rate.
The exchange rate has been relatively stable, with the SAR to USD rate reaching a high of 0.26643 and a low of 0.26611 in the past 30 days, with an average rate of 0.26628.
Here's a breakdown of the SAR to USD exchange rate over the past 30 and 90 days:
The SAR to USD exchange rate is currently 1 SAR = 0.2664 USD, making the US Dollar stronger than the Saudi Riyal.
What Is the
The USD to SAR exchange rate has been a fixed rate since 1986, with 3.75 USD being equivalent to 1 SAR.
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This fixed rate has been in place for over three decades, providing stability for currency exchange between the two countries.
As of January 14, 2025, the exchange rate is 0.2664 US Dollars per Saudi Riyal, which can be seen in the conversion of 100 Saudi Riyals to 26.643 US Dollars.
This rate is subject to change over time, but for now, it's a useful benchmark for anyone converting between the two currencies.
What Affects the Rate
The SAR to USD exchange rate is influenced by various factors. Economic indicators, such as GDP growth, inflation, and interest rates, can significantly impact the exchange rate.
Geopolitical events, like elections and trade agreements, also play a crucial role in shaping the exchange rate. These events can cause fluctuations in the market, affecting the value of the SAR against the USD.
Central bank decisions, such as changes in interest rates, can also affect the exchange rate. For example, if a central bank raises interest rates, it can strengthen the SAR, making it more valuable against the USD.
Here are some key factors to consider when looking at the SAR to USD exchange rate:
Understanding these factors can help you make informed decisions when converting SAR to USD or vice versa.
What Is the Rate?
The exchange rate between the Saudi Riyal (SAR) and the US Dollar (USD) can be a bit confusing, but it's actually quite straightforward.
The SAR is pegged to the USD at a fixed rate of 3.75 USD to SAR, a rate that has remained the same since 1986. This means that for every 3.75 Saudi Riyals, you can exchange them for 1 US Dollar.
You can check the current exchange rate online, and as of January 14, 2025, the best SAR to USD exchange rate is 0.2664 USD. This means that for every Saudi Riyal you exchange, you will receive 0.2664 US Dollars.
Here's a quick summary of the exchange rates:
The exchange rate can fluctuate slightly over time, but the SAR has been pegged to the USD for many years, providing a stable exchange rate for travelers and businesses alike.
Comparing the Dollar's Strength
The Saudi Riyal (SAR) has been on a rollercoaster ride against the US Dollar (USD) in recent years. The SAR has increased by +0.08% year-to-date against the USD, but over the past decade, it has declined by -0.05% against the USD.
Let's take a look at the current conversion rates to see how the SAR stacks up against the USD. According to the conversion rates, 1 USD is currently equal to 3.7534 SAR.
Here's a breakdown of the conversion rates for various amounts of USD to SAR:
As you can see, the SAR has lost purchasing power compared to the USD over the last decade. However, it's worth noting that the SAR has shown some resilience in recent times, with a slight increase in value against the USD.
Rate Information
The highest SAR to USD exchange rate in the last 10 years was on January 1, 2019, when each Saudi Riyal was worth 0.2685 US Dollars. This is according to historical records.
To view SAR to USD exchange rates by year, you can visit the page that lists rates from 2025 down to 2016. This is a useful resource if you need to track changes in the exchange rate over time.
If you're looking for the current SAR to USD exchange rate, as of January 14, 2025 08:45 PM UTC, the rate is 0.2664 USD.
Year-over-Year Change
To understand the year-over-year change in the SAR to USD exchange rate, let's take a look at the data.
The SAR to USD exchange rate has fluctuated over the years, with the highest rate in 2024 being 0.2667 US Dollars per Saudi Riyal on May 8, 2024.
Looking at the rates for the last year, the SAR/USD rate is down -0.10%. This means the Saudi Riyal has decreased in value compared to the US Dollar.
Here's a summary of the year-over-year change in the SAR to USD exchange rate:
In 2024, the high point for the SAR/USD rate was 0.2667 US Dollars per Saudi Riyal on May 8, 2024, while the low point was 0.2661 US Dollars per Saudi Riyal on December 11, 2024.
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Today's Best Rate
The best SAR to USD exchange rate today is 0.2664 USD, which is as of January 14, 2025 08:45 PM UTC.
This rate means that for every Saudi Riyal you exchange, you will receive 0.2664 US Dollars.
If you're looking to convert a larger amount, here are some conversion rates for reference:
Keep in mind that exchange rates can fluctuate, so it's always a good idea to check the current rate before making a transaction.
Market Analysis
The Saudi Riyal (SAR) to USD exchange rate is heavily influenced by global events and economic trends.
The Saudi government plays a significant role in determining the exchange rate, with the Monetary Agency of Saudi Arabia (MASA) acting as the central bank.
MASA's policies, such as interest rates and foreign exchange reserves, impact the SAR's value against the USD.
Saudi Arabia's large oil reserves and significant oil exports contribute to the country's economic stability and influence the exchange rate.
The Saudi government's efforts to diversify the economy, including initiatives like Vision 2030, have a positive impact on the SAR's value.
Oil prices have a significant effect on the SAR to USD exchange rate, with fluctuations in global oil prices leading to changes in the exchange rate.
Frequently Asked Questions
Can I use US dollars in Saudi Arabia?
US dollars are not widely accepted in Saudi Arabia for day-to-day transactions, but some tourist-oriented businesses may accept them. It's best to use the local Saudi riyal for most transactions
What currency is SAR?
The SAR is the Saudi riyal, the official currency of Saudi Arabia. It's pegged to the US dollar at a fixed rate of 1 USD = 3.75 SAR.
Is Saudi Arabia currency higher than dollar?
No, the Saudi riyal has been pegged to the US dollar at a fixed rate of SAR 3.75 per USD since 2003, indicating it is currently valued lower than the dollar.
What is SAR currency?
The Saudi riyal (SAR) is the official currency of Saudi Arabia, pegged to the US dollar at a fixed rate of 1 USD = 3.75 SAR. Learn more about the history and usage of the SAR currency.
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