Convert USD to SAR - US Dollar to Saudi riyal Exchange Rate | FX LeadersFX Leaders
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WHAT IMPACTS THE USD/SAR EXCHANGE RATE
The USD/SAR symbol represents the currency pair of the US dollar with the Saudi Riyal. The US dollar is the most popular currency to be traded in the forex market, and is considered the leading reserve currency that most central banks worldwide hold on to. The reserve currency status is a result of markets considering the US economy to be the most stable and reliable one, as a result of which traders turn to the USD (also known as the greenback) in times of heightened uncertainty or risk - due to economic or geopolitical factors.The second currency in this forex pair, the SAR is the official currency of Saudi Arabia. The Saudi Riyal has been pegged to the US dollar since 1986, when it was initially officially pegged to the IMF's special drawing rights (SDRs). Later, in 2003, the SAR was officially pegged to the US dollar and its value remains fixed at 1 USD = 3.75 SAR. As a result of the peg, this currency pair rarely ever experiences any fluctuation, exhibiting very low volatility.The exotic currency pair, USD/SAR, did experience a temporary movement in 2007 when the US Fed cut interest rates, but the Saudi central bank - Saudi Arabian Monetary Authority (SAMA), decided to hold rates unchanged over worries about the effect of such a move on inflation and value of its currency. This drove USD/SAR to a 20-year low on 18 September 2007, but it stabilized back to the 3.75 level in less than three months, by early December.
USD to SAR CONVERSION RATES
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USD to SAR CHARTS
USD/SAR Live Chart
USD/SAR Historical Chart
USD to SAR EXCHANGE RATE - FAQ
How volatile is the USD/SAR currency pair?

The exotic currency pair USD/SAR experiences very little volatility owing to Saudi Arabia's decision to peg the SAR's value to that of the US dollar. Over the past year, the USD/SAR has only experienced a change of 0.02% in its value.

What is the correlation between crude oil and the Saudi Arabian economy?

The economy of Saudi Arabia is heavily dependent on its petroleum industry, as Saudi Arabia is the world's leading producer and exporter of crude oil. Crude oil contributes to as much as 45% of the kingdom's GDP and accounts for 90% of total exports out of Saudi Arabia.

What economic events influence the value of the US dollar?

The US dollar experiences ample fluctuations on the release of important economic data from the US, such as GDP, inflation, unemployment rate, retail sales, consumer confidence, business sentiment, PPI as well as PMI readings from the manufacturing and non-manufacturing sectors.