The SAR/EUR rate shows how many Euros one Saudi Riyal buys, reflecting the Riyal's peg to the US Dollar and the Eurozone's monetary policy.
The curve shows the change in one unit of SAR expressed in EUR. An upward slope means the base currency is strengthening relative to the quote currency; a downward slope indicates the opposite.
Use the 7-day, 30-day or 1-year periods to distinguish a short movement from a more lasting trend.
Volatility can reflect central-bank announcements, economic data, trade flows or risk sentiment. A chart is not a forecast: it describes the observations available for the selected period.
Du au · 25 observations
The SAR/EUR exchange rate indicates the value of the Saudi Riyal against the Euro, quoted as the number of Euros required to purchase one Saudi Riyal. This pair is primarily used by businesses and individuals engaged in trade, tourism, or remittances between Saudi Arabia and the Eurozone. An appreciation of the Saudi Riyal means that one Riyal buys more Euros, making Eurozone imports cheaper for Saudi buyers, while a depreciation has the opposite effect.
The Saudi Riyal is pegged to the US Dollar at a fixed rate of 3.75 SAR per USD, which means its value against the Euro is largely determined by the EUR/USD exchange rate. The Saudi Arabian Monetary Authority (SAMA) maintains this peg to ensure stability, while the European Central Bank (ECB) manages the Euro's monetary policy. Key drivers include interest rate differentials between the US Federal Reserve and the ECB, inflation trends, oil prices (as Saudi Arabia is a major oil exporter), and economic growth in both regions. Capital flows, geopolitical stability, and risk sentiment also influence the pair.
Over the past several years, the SAR/EUR rate has closely tracked the EUR/USD pair due to the Riyal's dollar peg. Periods of Euro strength against the dollar have led to a lower SAR/EUR rate (fewer Euros per Riyal), while Euro weakness has pushed the rate higher. Without specific historical data, it is important to note that the pair's movements are driven by global macroeconomic factors affecting the dollar and the Euro, rather than direct Saudi-Eurozone dynamics. Traders and analysts monitor ECB and Fed policy decisions, oil market developments, and regional economic indicators to gauge future trends.
This analysis is provided for information only and is neither a forecast nor financial advice.
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| Date UTC | Rate | Change |
|---|---|---|
| 0,23129976 | +0.30% | |
| 0,23061355 | -0.17% | |
| 0,23100684 | -0.04% | |
| 0,23110252 | -3.05% | |
| 0,23838336 | -0.70% | |
| 0,2400697 | -0.84% | |
| 0,24209826 | +0.64% | |
| 0,24056548 | +2.72% |
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Displayed source: api.forex. Indicative values are used only as a visual fallback.