Saudi Riyal (SAR)
What the Saudi Riyal is, who issues it, and where it's used, with a live converter preset to SAR.
Saudi Riyal (SAR)
- ISO code
- SAR
- Symbol
- ﷼ (SR)
- Subunit
- 100 halalas
- Issued by
- Saudi Central Bank
- Exchange rate regime
- Pegged to the US dollar (3.75 SAR per USD)
The Saudi riyal has been officially pegged at 3.75 riyals per US dollar since 1986. Saudi Arabia's oil exports are priced in dollars, so the peg removes currency risk from the country's main source of revenue, and the central bank holds large foreign reserves to defend it.
Because of the peg, the riyal effectively moves with the dollar against every other currency. Millions of visitors travel to Saudi Arabia each year for the Hajj and Umrah pilgrimages, and exchange rates for the riyal matter a great deal to pilgrims budgeting for the trip from countries across Asia and Africa.
Where it's used
- Saudi Arabia
Convert SAR
| SAR | USD |
|---|---|
| 1 SAR | - |
| 5 SAR | - |
| 10 SAR | - |
| 25 SAR | - |
| 50 SAR | - |
| 100 SAR | - |
| 250 SAR | - |
| 500 SAR | - |
| 1,000 SAR | - |
| 5,000 SAR | - |
| 10,000 SAR | - |
| USD | SAR |
|---|---|
| 1 USD | - |
| 5 USD | - |
| 10 USD | - |
| 25 USD | - |
| 50 USD | - |
| 100 USD | - |
| 250 USD | - |
| 500 USD | - |
| 1,000 USD | - |
| 5,000 USD | - |
| 10,000 USD | - |
Calculated from the same live mid-market rate as the converter above. Your bank or card will usually quote a slightly worse rate plus any fees.