Exchange Rate in Saudi Arabia

Saudi Arabia Exchange Rate | Economic News & Forecasts

Saudi Arabia - Exchange Rate

Still grappling with measures to contain the pandemic and the stark fall in oil production, the economy likely contracted at a sharper pace in the second quarter after declining at the quickest clip in over two years in the first quarter due to weakness in the non-oil sector. Despite gradually easing measures since late April, international borders remain closed and bans on religious pilgrimages were upheld, which will have hammered the tourism and retail sectors. Moreover, the suspension of living allowances and depressed consumer confidence likely continued to drag on private spending. Turning to the energy sector, oil output likely plummeted in Q2 as production cuts to bolster prices took effect in May and were extended until end July. On a brighter note, in early June the cabinet approved a new mining law, which aims to accelerate investment into the mining sector and could boost employment and output in the sector going forward.

Saudi Arabia - Exchange Rate Data

2015   2016   2017   2018   2019  
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

Value Change Date
Bond Yield2.490.0 %Jun 23
Exchange Rate3.750.0 %Dec 31
Stock Market0.21.00 %Jan 07

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