Exchange Rate in Saudi Arabia
Saudi Arabia has its currency pegged to the US Dollar. The peg ensured predictability, but also exposed the economy to fluctuations in the dollar and oil prices. During periods of low oil prices, especially around 2015 and 2020, there was pressure on the peg, but the Saudi Arabian Monetary Authority managed to maintain stability, reflecting the country's substantial foreign exchange reserves.
The exchange rate ended 2022 at SAR 3.76 per USD, compared to the end-2021 value of SAR 3.75 per USD and the figure a decade earlier of SAR 3.75 per USD. For more exchange rate information, visit our dedicated page.
Saudi Arabia Exchange Rate Chart
Note: This chart displays Exchange Rate (vs USD) for Saudi Arabia from 2014 to 2024.
Source: Macrobond.
Saudi Arabia Exchange Rate Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Exchange Rate (SAR per USD, eop) | 3.75 | 3.75 | 3.76 | 3.75 | 3.76 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Saudi Arabian exchange rate projections for the next ten years from a panel of 14 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable exchange rate forecast available for Saudi Arabian exchange rate.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Saudi Arabian exchange rate projections.
Want to get access to the full dataset of Saudi Arabian exchange rate forecasts? Send an email to info@focus-economics.com.