
Saudi Arabian Riyal
SAR
- Convertible: Yes
- Transferable: Yes
- Exchange rate regime: Pegged to USD, with a target level of 3.75 SAR per USD
Available Currency Pairs

EURSAR
Weergeven EUR
USDSAR
Weergeven USD
GBPSAR
Weergeven GBP
SARJPY
Weergeven JPY
AUDSAR
Weergeven AUD
NZDSAR
Weergeven NZD
SARDKK
Weergeven DKK
SARSEK
Weergeven SEK
SARNOK
Weergeven NOK
CADSAR
Weergeven CAD
SARPLN
Weergeven PLN
SARCZK
Weergeven CZK
SARHUF
Weergeven HUF
SARRUB
Weergeven RUB
SGDSAR
Weergeven SGD
SARHKD
Weergeven HKD
SARTHB
Weergeven THB
SARCNH
Weergeven CNH/CNY
AEDSAR
Weergeven AED
BGNSAR
Weergeven BGN
SARHRK
Weergeven HKD
CHFSAR
Weergeven CHF
ILSSAR
Weergeven ILS
SARMXN
Weergeven MXN
RONSAR
Weergeven RON
SARTRY
Weergeven TRY
SARXAF
Weergeven XAF
SARXOF
Weergeven XOF
SARZAR
Weergeven ZARDid You Know?
Monetary Policy
The monetary policy and exchange rate for the Saudi Arabian riyal are managed by SAMA – the Saudi Arabian Monetary Authority. The exchange rate and monetary policy closely follow those of USD. Until 2003, SAR was pegged to special drawing rights (SDRs – the currency basket used by the IMF). The peg was subsequently changed to USD, and this remains the case.
Features and Highlights
The liquidity in SAR spots and forwards is reasonably good.In general, forward prices in the currency also reflect the USD peg. EUR/SAR forwards therefore show similar movements to EUR/USD forwards. However, this can deviate at times when markets anticipate a possible change in exchange rate regime. Whenever such fears arise, liquidity also becomes scarce.
Expert Opinion
As USD/SAR is pegged at 3.75, the evolution of EUR/SAR is completely correlated with that of EUR/USD. Sometimes, due to unusual events, we see that USD/SAR fluctuates slightly away from the target rate, but those movements are very short-lived and are generally not significant. Therefore, the FX risk for European companies trading in SAR can be considered similar to the risk when trading in USD.Saudi Arabia and other Gulf countries (the seven members of the Cooperation Council for the Arab States of the Gulf, otherwise colloquially known as the Gulf Cooperation Council or GCC) have long been considering the introduction of a common currency, but this has never come to fruition.
Regulations
In general, there are no special restrictions on the purchase and sale of SAR.
Keep In Mind
Useful Links
Currency Reference Guide
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Reference guide