SAR Market Update
06 Jul 2026 • 00:35 GMT
The Saudi Riyal remains stable against the US dollar, trading near its 3-month average at around 0.2663. The currency has experienced a narrow trading range, with fluctuations from 0.2635 to 0.2706, reflecting limited volatility in recent weeks.
The dollar's recent strength is supported by the Federal Reserve's hawkish stance, which has pushed the US Dollar Index close to its year-to-date highs. While market sentiment has been somewhat steady, there is ongoing uncertainty around US monetary policy amid potential changes in Fed leadership. This has kept the dollar under some pressure, causing fluctuations near 97.1 on the index, though the overall movement remains within support levels.
Against other major currencies, the SAR has seen minor movements. It is currently trading near its 7-day lows against the euro at 0.2327, slightly above its 3-month average, and just above its average against the GBP at 0.1994. The exchange rate against the Japanese yen at 43.00 remains slightly above its 3-month average, while stronger positioning is noted against the AUD and CAD, which are approximately 2.2% above their respective averages. Overall, the Riyal's movements remain within stable ranges, reflecting cautious market conditions.