International Merchandise Trade Statistics: Exports: Commodities for Saudi Arabia
Saudi Riyal, Monthly, Seasonally Adjusted
SAUXTEXVA01NCMLSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
90,450,000,000.00
Year-over-Year Change
-14.04%
Date Range
5/1/2016 - 5/1/2025
Summary
The Saudi Riyal exchange rate measures the value of the Saudi Arabian currency in relation to the U.S. dollar. This trend is important for analyzing Saudi Arabia's international trade and economic performance.
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 Saudi Riyal is the official currency of Saudi Arabia. The Saudi Riyal exchange rate is a key economic indicator that reflects the country's monetary policy, trade dynamics, and overall economic conditions.
Methodology
The Saudi Riyal exchange rate is calculated and reported monthly by the Saudi Arabian Monetary Authority.
Historical Context
The Saudi Riyal exchange rate is closely monitored by policymakers, investors, and analysts to assess Saudi Arabia's economic and financial landscape.
Key Facts
- The Saudi Riyal has been pegged to the U.S. dollar since 1986.
- Saudi Arabia is one of the world's largest oil exporters, making the Riyal exchange rate crucial for its economy.
- The Saudi Riyal exchange rate is published monthly by the Saudi Arabian Monetary Authority.
FAQs
Q: What does this economic trend measure?
A: The Saudi Riyal exchange rate measures the value of the Saudi Arabian currency in relation to the U.S. dollar.
Q: Why is this trend relevant for users or analysts?
A: The Saudi Riyal exchange rate is a key indicator of Saudi Arabia's economic performance, trade dynamics, and monetary policy.
Q: How is this data collected or calculated?
A: The Saudi Riyal exchange rate is calculated and reported monthly by the Saudi Arabian Monetary Authority.
Q: How is this trend used in economic policy?
A: The Saudi Riyal exchange rate is closely monitored by policymakers, investors, and analysts to assess Saudi Arabia's economic and financial landscape.
Q: Are there update delays or limitations?
A: The Saudi Riyal exchange rate data is published monthly with no significant update delays.
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Citation
U.S. Federal Reserve, Saudi Riyal, Monthly, Seasonally Adjusted (SAUXTEXVA01NCMLSAM), retrieved from FRED.