SAR Market Update
16 Apr 2026 • 00:36 GMT
The Saudi riyal remains stable against the US dollar, trading near its 3-month average at 0.2666. The range has been narrow, between 0.2657 and 0.2674, reflecting little recent volatility. This stability aligns with the official peg, which fixes the riyal at around 3.75 to the US dollar.
Meanwhile, several other currencies have seen notable movements. The riyal has dipped to 30-day lows against the euro at 0.2258, just below its 3-month average, while against the British pound, it's at 0.1964, also near recent lows. The riyal has also declined against the AUD to 0.3715, its lowest in 90 days, and remains near its 3-month average against the CAD.
Overall, the dollar's softness due to positive US-Iran talks and softer US data has not caused significant swings in the SAR. The currency continues to hold steady within its typical range, reflecting confidence in the peg and limited immediate pressure on SAR’s exchange rate. Traders should watch for any developments in global geopolitics and US economic data, which could influence the dollar and, consequently, the broader currency landscape.