SAR Market Update
24 Mar 2026 • 00:22 GMT
The Saudi riyal remains near its 7-day lows against the US dollar at around 0.2663, close to its 3-month average. The currency has been stable within a narrow 0.6% range from 0.2657 to 0.2674. This stability occurs amidst a broader context of a stronger US dollar, driven by rising geopolitical tensions with Iran and a surge in the US Dollar Index, which is approaching the 100 mark. These factors continue to support the greenback, putting some pressure on the riyal.
Despite the dollar's strength, the SAR remains firmly pegged to the USD at 3.75 Riyals per dollar, reflecting the country’s monetary policy consistency. Moving against other major currencies, the SAR is also close to its average relative to the euro and the pound, while slightly below its average against the Australian dollar. Overall, the SAR's recent trading pattern indicates limited volatility amid global risk-off sentiments, with the peg providing stability despite US dollar fluctuations and geopolitical uncertainties.
