SAR Market Update
18 Jun 2026 • 00:33 GMT
The Saudi riyal remains close to its recent highs against the US dollar, trading near 14-day peaks of approximately 0.2665, aligning with its 3-month average. This stability comes amid a broadly strengthening dollar, driven by expectations of sustained US interest rate hikes and ongoing geopolitical tensions in energy routes like the Strait of Hormuz, which support safe-haven demand.
While the dollar gains have influenced some currencies, the SAR has held steady within a narrow 1.3% range from 0.2639 to 0.2674. Against the euro, the riyal recorded 60-day highs at around 0.2316, and against the British pound, it reached 0.2004, both slightly above their recent averages. Additionally, the SAR has appreciated modestly against the yen, trading near 42.80, its 90-day high.
Overall, the SAR continues to mirror the US dollar’s resilience, maintaining stable levels amid external geopolitical and economic developments. Traders should remain mindful of any shifts in US monetary policy or geopolitical events that could influence the dollar’s strength and the riyal’s movements.