SAR Market Update
22 May 2026 • 00:35 GMT
The Saudi riyal remains stable against the US dollar, trading near 14-day highs of approximately 0.2665, close to its 3-month average. The currency has been steady within a narrow 1.3% range from 0.2639 to 0.2674. The peg to the USD at 3.75 riyals per dollar continues to anchor the currency’s movement, with recent dollar strength driven by resilient US economic data and rising Treasury yields.
Against major currencies, the riyal is slightly stronger versus the euro at about 0.2294, just above its 3-month average, and remains near its average against the British pound at around 0.1984. Notably, the riyal has hit 14-day highs versus the Japanese yen at approximately 42.39, maintaining a stable range. It is also marginally below its 3-month average versus the Australian dollar at 0.3728 and slightly above against the Canadian dollar at around 0.3671.
Volatility remains contained within these ranges overall, supported by the peg, while broader US dollar strength and geopolitical developments continue to influence the market. Traders should monitor US economic updates and regional geopolitical tensions for potential impacts on currency swings.