Exchange Rate in Saudi Arabia

Saudi Arabia Exchange Rate | Economic News & Forecasts

Saudi Arabia - Exchange Rate

Economic growth likely decelerated sharply in Q1 2019 as Saudi Arabia continued to over-deliver on its oil productions cuts. In March, the Kingdom pumped below 10 million barrels per day for the first time in nearly one year. On the upside, activity in the non-oil sector gained steam in the first three months of the year due to solid new domestic orders and output. Moreover, credit growth reached an over two-year high in March. However, this was largely fueled by soaring loans to the public sector as well as in oil and construction activities, while the apparent improvement in the non-oil economy and the ban on expats in certain jobs have not yet translated into gains in the labor market for Saudis. Looking forward, the U.S. decision to end the waivers on Iranian oil exports will likely exert upward pressure on oil prices and should also allow the Saudi oil industry to ramp up production.

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 %May 13
Stock Market0.21.00 %May 13

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