SAR Market Update
02 Jul 2026 • 00:35 GMT
The Saudi Riyal remains stable near its 3-month average against the US dollar at 0.2664. It has traded within a narrow 2.7% range from 0.2635 to 0.2706, indicating limited movement despite recent US dollar strength. The dollar's overall rally has paused as investor confidence improves globally. However, persistent US inflation and steady labor data keep expectations high for a possible Federal Reserve rate hike in September, which could support dollar strength moving forward.
Against other major currencies, the SAR has seen slight upward moves. It is currently 2.1% above its 3-month average at 0.2341 versus the euro and 1.0% above at 0.2006 versus the British pound. The SAR is also at 90-day highs against the Australian dollar and the Canadian dollar, rising by roughly 2.9% and 2.6% respectively from their averages. Additionally, the SAR to JPY and CHF are elevated, with recent trades near 1.9% and 2.3% above their averages.
Overall, the SAR remains stable versus the USD but shows minor strength against other currencies, supported by global risk sentiment and regional market dynamics. Investors should stay attentive to US economic data and Fed policy signals, which may influence the dollar’s future direction.