SAR Market Update
02 May 2026 • 01:28 GMT
The Saudi Riyal remains near its recent 30-day high against the US dollar, trading close to 0.2668. This level is also near its 3-month average, with the pair staying within a narrow range from 0.2657 to 0.2674, indicating stable sentiment.
In the broader picture, the dollar has been supported by rising oil prices and a hawkish Federal Reserve outlook, which has helped the greenback gain strength. However, despite dollar support, the SAR's rise against the USD shows a steady, cautious approach, likely influenced by the Riyal’s peg to USD and overall stability in the currency pair.
Other SAR currency pair moves include a slight dip against the euro, with SAR/EUR near 0.2273 — just below its 3-month average — and a modest decline versus the British pound at around 0.1964. The SAR has also softened slightly against the Australian dollar, trading near its 90-day low of 0.3702, about 2% below its recent average.
Overall, the SAR/USD pair continues to trade within a tight range, reflecting Saudi Arabia’s commitment to currency stability amid fluctuating dollar strength driven by global oil and geopolitical factors.