Forecasts for AED to SAR
The exchange rate between the UAE dirham (AED) and the Saudi riyal (SAR) has recently reached near 14-day highs, currently trading at around 1.0215. This rate is consistent with its three-month average and reflects the currency’s stability, which is traditionally maintained due to the pegs of both currencies to the US dollar. Analysts note that the AED's fixed rate of approximately 3.6725 to the USD since 1997 underpins its value, while the SAR is pegged at about 3.75 to the USD.
Recent forecasts indicate that the AED to SAR exchange rate is likely to remain within a narrow trading range of 0.5%, having fluctuated between 1.0172 and 1.0224. Economists and market experts suggest that, barring any major geopolitical developments or shifts in global oil prices—which heavily influence both economies—the current rate is expected to maintain its stability due to the rigid structure of GCC currency policies.
Looking ahead, forecasters anticipate that the sustained economic fundamentals of both the UAE and Saudi Arabia will ensure that the AED and SAR remain closely aligned, particularly as both countries navigate their post-pandemic economic recovery and continue to capitalize on their strategic positions in the global oil market. This outlook should be particularly helpful for individuals and businesses planning international transactions between these two economies, as the continued stability of the AED/SAR exchange rate will minimize currency risk.
