Broad Effective Exchange Rate for Saudi Arabia
NBSABIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108.71
Year-over-Year Change
-2.53%
Date Range
1/1/1994 - 6/1/2025
Summary
The Broad Effective Exchange Rate for Saudi Arabia is a measure of the value of the Saudi riyal relative to a weighted basket of other currencies. This metric provides insight into the overall international purchasing power of the Saudi currency.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Broad Effective Exchange Rate tracks the trade-weighted average exchange rate of the Saudi riyal against a diverse set of currencies. This indicator is used by economists and policymakers to assess Saudi Arabia's international competitiveness and the potential impact on its trade and investment flows.
Methodology
The data is calculated by the Bank for International Settlements using a geometric weighted average of bilateral exchange rates.
Historical Context
The Broad Effective Exchange Rate is an important input for analyzing Saudi economic performance and informing monetary and trade policies.
Key Facts
- The base year for the Broad Effective Exchange Rate is 2010.
- Saudi Arabia is one of the world's largest exporters of crude oil.
- The Saudi riyal has been pegged to the U.S. dollar since 1986.
FAQs
Q: What does this economic trend measure?
A: The Broad Effective Exchange Rate for Saudi Arabia measures the trade-weighted average value of the Saudi riyal against a basket of other currencies.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into Saudi Arabia's international competitiveness and the potential impacts on its trade and investment flows.
Q: How is this data collected or calculated?
A: The data is calculated by the Bank for International Settlements using a geometric weighted average of bilateral exchange rates.
Q: How is this trend used in economic policy?
A: The Broad Effective Exchange Rate is an important input for analyzing Saudi economic performance and informing monetary and trade policies.
Q: Are there update delays or limitations?
A: The Broad Effective Exchange Rate data is published monthly with a typical 1-2 month delay.
Related Trends
Amount Outstanding of Total Debt Securities for All Issuers, All Maturities, Residence of Issuer in Saudi Arabia
TDSAMRIAOAISA
Number of Identified Exporters to Saudi Arabia from Colorado
COSAUA475SCEN
Number of Identified Exporters to Saudi Arabia from Connecticut
CTSAUA475SCEN
Gas Production for Saudi Arabia
SAUNGDPMG
Number of Bank Branches for Saudi Arabia
DDAI02SAA643NWDB
Liquid Liabilities (Broad Money) for Saudi Arabia
DDOI07SAA648NWDB
Citation
U.S. Federal Reserve, Broad Effective Exchange Rate for Saudi Arabia (NBSABIS), retrieved from FRED.