Exchange Rate in Saudi Arabia

Saudi Arabia Exchange Rate | Economic News & Forecasts

Saudi Arabia - Exchange Rate

While the non-oil economy performed strongly in the second quarter, mainly reflecting bolder government support, the non-hydrocarbon PMI for July suggests that it is losing some momentum in the third quarter. Businesses are concerned that the recent downward trend in oil prices could reduce government support further down the road. Volatility in the oil market could also force Saudi Arabia to deepen ongoing production cuts in order to support oil prices, especially now that the government has revived much-anticipated plans to sell a 5% share of state oil giant Aramco. Moreover, despite stronger economic dynamics in the non-oil sector, job creation remains subdued, highlighting that the government’s reform program is failing to spur job creation among Saudi nationals in the private sector.

Saudi Arabia - Exchange Rate Data

2013  2014  2015  2016  2017  
Exchange Rate (vs USD)3.75  3.75  3.75  3.75  3.75  

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Saudi Arabia Exchange Rate Chart

Saudi Arabia Exchange Rate

Saudi Arabia Facts

Bond Yield2.490.0 %Jun 23
Exchange Rate3.750.0 %Sep 04
Stock Market0.21.00 %Sep 04

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