SAR Market Update
13 Jun 2026 • 00:34 GMT
The Saudi riyal remains near 14-day highs against the US dollar, trading close to 0.2665, which is also near its three-month average. The currency has been relatively stable within a narrow range of 0.2639 to 0.2674. This stability aligns with the broader market sentiment as the US dollar is strengthening due to expectations of a more hawkish Federal Reserve and recent US economic data supporting dollar gains amid risk-off concerns. However, the SAR’s performance has been subdued, reflecting its peg to the US dollar and limited market volatility specific to the currency.
In comparison to other major currencies, the SAR’s move against the euro and British pound remains minimal, with the SAR just slightly above three-month averages. The currency is also near 90-day highs against the Canadian dollar, trading at about 0.3729, and slightly above its average against the Swiss franc and Indian rupee. While global factors continue to influence broader forex markets, the SAR’s stability indicates that traders are awaiting additional cues from US monetary policy and geopolitical developments. Investors should keep an eye on US data releases and Fed signals, which could influence dollar strength and, consequently, SAR movements.