Saudi Riyal (SAR)
Pegged to USD at 3.75 since 1986. World's #1 Pakistan remittance source currency.
🇸🇦 About the Saudi Riyal (SAR)
The Saudi Riyal (SAR) has been pegged to the US Dollar at 1 USD = 3.75 since 1986, making it one of the world's longest-standing currency pegs. Saudi Arabia's position as the world's largest oil exporter (16% of global reserves) and SAMA's USD 460+ billion in foreign reserves make this peg extraordinarily credible and durable.
Like the UAE Dirham, SAR movements against non-USD currencies are entirely driven by USD. SAR/INR = USD/INR ÷ 3.75. SAR/PKR = USD/PKR ÷ 3.75. The SAR peg eliminates exchange rate risk for Saudi Arabia's USD-denominated oil trade and provides stability for the 38% expat workforce.
Saudi Arabia is Pakistan's single largest source of remittances, contributing approximately 35% of Pakistan's USD 27+ billion annual total. The 2.7 million Pakistani workers in Saudi Arabia send home an estimated USD 9.5 billion annually. Similarly, India receives USD 12+ billion from the 2.5 million Indians in Saudi Arabia, making Saudi the world's 2nd largest India remittance source.
Saudi Vision 2030 is transforming the Saudi economy — from oil-dependent to a diversified, tourism and investment-driven economy. Mega-projects like NEOM, Red Sea Project, and Qiddiya are attracting global investment and FDI. While these don't directly affect the SAR peg, they strengthen Saudi Arabia's long-term economic fundamentals.
💱 Convert SAR To Other Currencies
Live mid-market rates — click any pair for the full converter with conversion table and analysis.
💱 Convert Other Currencies To SAR
⚙️ What Drives the Saudi Riyal?
Key economic factors that move the SAR exchange rate — monitored by traders, investors and expats.
📊 SAR Exchange Rate Forecasts
📰 SAR Currency Articles & Analysis
📊 Popular SAR Forecasts
Most-read SAR exchange rate outlooks — updated regularly
🕒 Recently Updated — SAR Pages
Converter pages with latest market data and analysis
✈️ Travel Tips — SAR
In Saudi Arabia, SAR cash is widely needed for traditional markets (souks) and smaller vendors. Major hotels, malls, and international chains accept credit cards. Airport exchanges in Riyadh (KAIA) and Jeddah offer reasonable rates. Currency exchange in Al-Batha area (Riyadh) is competitive.
💸 Remittance Tips — SAR
For SAR remittances, Al Rajhi Bank Exchange remains the gold standard in Saudi Arabia — branches everywhere, competitive rates, same-day delivery. STC Pay works well for digital transfers. For amounts over SAR 5,000, compare Al Rajhi vs Wise before deciding — Wise's 0.5% fee often beats local exchange margins.