SAR Market Update
09 May 2026 • 01:22 GMT
The Saudi Riyal (SAR) continues to trade near its 90-day lows against the US dollar, with the pair at around 0.2644. This marks a slight decline of about 0.8% below its three-month average of 0.2664, maintaining a stable range from 0.2644 to 0.2674. The subdued dollar, driven by easing safe-haven demand amid easing US-Iran tensions, has supported this movement.
Against the euro, the SAR is also near 60-day lows at roughly 0.2242, about 1.7% below its three-month average. Similar declines are seen versus the British pound and Japanese yen, where the SAR trades at 90-day lows and 60-day lows respectively, reflecting broad-based dollar softness. The AUD and CHF pairs are also near multi-month lows, down more than 3%, indicating cautious risk sentiment.
Despite these declines, the SAR remains largely within stable ranges, influenced by the currency’s peg to SDRs, which anchors its value. Market participants should keep an eye on US developments and regional geopolitical signals, as these could influence the dollar’s strength and in turn, impact SAR levels.