Adrienne Fuller is the head of publishing at Finder. With a decade of experience creating guides in finance and education, she aims to deliver the accurate and transparent information she wishes she had when she made some of life's important financial decisions. For the past 3 years she has been the publisher of money transfers, helping readers save when they send money all over the globe. She has a BA from Colorado College and loves to hike with her two Catahoula dogs around her home in San Diego.
US Dollar to Saudi Riyal Exchange Rate
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How can I get the best exchange rate between the US dollar and the Saudi riyal?
Since the exchange rate between the US dollar and the Saudi riyal is fixed at a value of 3.75 riyals per dollar, comparing rates offered by different providers should be an easy task.
Travelers to Saudi Arabia will have no problem using cash, or credit and debit cards — specifically Visa and MasterCard. Oddly enough, traveler’s checks are still accepted in most tourist areas in Saudi Arabia.
US dollars and other foreign currencies can be exchanged for Saudi riyals at banks and foreign exchange bureaus throughout the major cities of Saudi Arabia. Foreign exchange bureaus in busy areas will likely have the most competitive exchange rates.
Popular cities with many foreign exchange bureaus include Makkah, Jeddah, and Medina, due to being a religious destination. Be aware that currency exchange offices in these cities can be particularly busy around the Haj and Umrah seasons.
|Bank notes:||$1, $5, $10, $20, $50, $100|
|Coins:||1c, 5c, 10c, 25c, 50c|
|Currency Symbol:||SR , ر.س|
|Bank notes:||5, 10, 50, 100, 500 riyals|
|Coins:||0.01, 0.05, 0.10, 0.25, 0.50, 1 riyal, 2 riyals|
What affects exchange rates between the US dollar and the Saudi riyal?
Since the Saudi riyal is pegged to the US dollar at a fixed rate, the exchange rate between the two currencies doesn’t fluctuate.
A currency peg requires the central bank to constantly be buying and selling foreign currencies, which can cost huge amounts of money. However, as one of the largest oil exporters in the world, Saudi Arabia has large reserves of foreign currency to prop up the value of their own currency when needed.
With oil being such a big part of the Saudi Arabian economy, the price of it can directly effect the economy. If the Saudi economy were to take a severe downturn, the central bank would likely have a hard time keeping the exchange rate at the level it wants.
Send money from USD to SAR
How does the Saudi riyal trade against the US dollar historically?
The Saudi riyal has been pegged to the US dollar since 1986 and the exchange rate has only seen very minor fluctuations since. As long as the Saudi Arabian Monetary Authority maintains its current exchange rate policy, the exchange rate will stay the same.
The current dollar peg has served Saudi Arabia well over the years, largely because oil exports make up such a big part of the government’s revenues. Oil is a commodity that is quoted in US dollars worldwide, so a stable relationship between oil revenues and the value of the currency is highly beneficial.
US Dollar to the Saudi Riyal for the last 10 days
|Feb 11||Feb 12||Feb 13||Feb 14||Feb 15||Feb 16||Feb 17||Feb 18||Feb 19||Feb 20|
|1 USD =||3.7509 Inverse: 0.2666||3.7505 Inverse: 0.2666||3.7507 Inverse: 0.2666||3.7501 Inverse: 0.2667||3.7501 Inverse: 0.2667||3.7508 Inverse: 0.2666||3.7506 Inverse: 0.2666||3.7510 Inverse: 0.2666||3.7507 Inverse: 0.2666||3.7508 Inverse: 0.2666|
US Dollar to the Saudi Riyal for the last 10 months
|Apr 2019||May 2019||Jun 2019||Jul 2019||Aug 2019||Sep 2019||Oct 2019||Nov 2019||Dec 2019||Jan 2020|
|1 USD =||3.7503 Inverse: 0.2666||3.7502 Inverse: 0.2667||3.7504 Inverse: 0.2666||3.7509 Inverse: 0.2666||3.7504 Inverse: 0.2666||3.7519 Inverse: 0.2665||3.7510 Inverse: 0.2666||3.7504 Inverse: 0.2666||3.7510 Inverse: 0.2666||3.7516 Inverse: 0.2666|
US Dollar to the Saudi Riyal for the last 10 years
|Feb 2010||Feb 2011||Feb 2012||Feb 2013||Feb 2014||Feb 2015||Feb 2016||Feb 2017||Feb 2018||Feb 2019|
|1 USD =||3.7475 Inverse: 0.2668||3.7501 Inverse: 0.2667||3.7501 Inverse: 0.2667||3.7505 Inverse: 0.2666||3.7504 Inverse: 0.2666||3.7515 Inverse: 0.2666||3.7503 Inverse: 0.2666||3.7503 Inverse: 0.2666||3.7504 Inverse: 0.2666||3.7501 Inverse: 0.2667|
Market rate for common transfer amounts USD to SAR
|US Dollars (USD)||Saudi Riyal (SAR)|
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