Saudi Riyal (SAR)
The Saudi riyal is the currency of Saudi Arabia and has been pegged to the US dollar at 3.75 since 1986. The peg is maintained by SAMA, the Saudi Central Bank.
The latest available mid-market reference is 1 SAR = 0.2667 USD. The table below shows the same rate against the other major currencies.
Key facts
Structural details reviewed . Regimes and issuing arrangements can change.
The role of the Saudi Riyal
Saudi Arabia is the largest oil exporter in the Gulf, and the riyal is used in a large share of regional trade and energy contracts. The peg anchors domestic interest rates to the Federal Reserve.
A short history
The Saudi riyal was introduced in 1925 and has been pegged to the dollar at 3.75 since 1986. The peg has survived several oil price cycles and fiscal shocks.
What moves the Saudi Riyal
Oil revenue and the direction of US monetary policy, because the peg imports Federal Reserve rate moves. Government spending under Vision 2030 shapes the longer-term fiscal picture.
Live SAR exchange rate
| Currency | 1 SAR equals |
|---|---|
| US Dollar (USD) | 0.2667 |
| Euro (EUR) | 0.2400 |
| British Pound (GBP) | 0.2006 |
| Japanese Yen (JPY) | 42.5370 |
| Chinese Yuan (CNY) | 1.7829 |
| Indian Rupee (INR) | 25.0271 |
| Canadian Dollar (CAD) | 0.3797 |
| Australian Dollar (AUD) | 0.3892 |
| Swiss Franc (CHF) | 0.2218 |
Mid-market rate updated . Banks and transfer providers add a margin. About our rates.
SAR conversion pages
Other currency profiles
Saudi Riyal questions
What is the Saudi Riyal?
Saudi Riyal (SAR) is used in the following countries and territories: Saudi Arabia. Central bank: Saudi Central Bank (SAMA). Exchange rate regime: pegged to the US dollar at 3.75.
Which countries use the Saudi Riyal?
The Saudi Riyal is used in the following countries and territories: Saudi Arabia.
What affects the Saudi Riyal exchange rate?
Oil revenue and the direction of US monetary policy, because the peg imports Federal Reserve rate moves. Government spending under Vision 2030 shapes the longer-term fiscal picture.