ر.س Saudi Arabian Riyal
Currency Code: SAR
Currency of Saudi Arabia. Largest Gulf economy currency.
Issuing Authority
Saudi Central Bank (SAMA)
Key Features
Oil Exporter
Backed by world's largest oil reserves.
Fixed to USD
SAR pegged to USD at fixed rate.
Regional Importance
Major currency for Middle East and Gulf trade.
Stable Government
Strong Saudi government ensures stability.
Popular Corridors
Saudi Arabia → Philippines
Saudi Arabia → Pakistan
Saudi Arabia → Egypt
Frequently Asked Questions
What is the SAR/USD rate?
Fixed at 1 SAR = 0.27 USD (or 3.75 SAR = 1 USD).
Why is SAR pegged to USD?
Peg provides stability and links SAR to oil pricing.
How much remittance from Saudi Arabia?
$35B+ annually. Large numbers of expat workers.
Is SAR a safe currency?
Yes, very safe. Backed by oil wealth and stable government.
Can I trade SAR easily?
Yes, widely available. Deep forex markets.