International Merchandise Trade Statistics: Imports: Commodities for Saudi Arabia
Saudi Riyal, Quarterly, Seasonally Adjusted
SAUXTIMVA01NCMLSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
226,588,600,000.00
Year-over-Year Change
40.85%
Date Range
1/1/1991 - 1/1/2025
Summary
The Saudi Riyal, Quarterly, Seasonally Adjusted series tracks the exchange rate between the Saudi Arabian riyal and the U.S. dollar. This metric is critical for understanding Saudi Arabia's international trade and economic conditions.
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. This series measures the quarterly, seasonally adjusted exchange rate between the riyal and the U.S. dollar, a key indicator for analyzing Saudi Arabia's economic performance and global competitiveness.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on market exchange rates.
Historical Context
The Saudi riyal exchange rate is closely monitored by policymakers, investors, and analysts for its implications on Saudi Arabia's trade, inflation, and macroeconomic policies.
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 riyal exchange rate is an important factor in Saudi Arabia's monetary and fiscal policies.
FAQs
Q: What does this economic trend measure?
A: This series measures the quarterly, seasonally adjusted exchange rate between the Saudi riyal and the U.S. dollar.
Q: Why is this trend relevant for users or analysts?
A: The Saudi riyal exchange rate is a critical indicator for understanding Saudi Arabia's international trade, inflation, and overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on market exchange rates.
Q: How is this trend used in economic policy?
A: The Saudi riyal exchange rate is closely monitored by policymakers, investors, and analysts for its implications on Saudi Arabia's trade, inflation, and macroeconomic policies.
Q: Are there update delays or limitations?
A: The data is published quarterly with no known update delays or limitations.
Related Trends
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SAUNAEXCP01STSAQ
Total Revenue, Excluding Grants, for General Government for Saudi Arabia
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Stock Market Capitalization to GDP for Saudi Arabia
DDDM01SAA156NWDB
Number of Identified Exporters to Saudi Arabia from New Mexico
NMSAUA475SCEN
Stock Market Turnover Ratio (Value Traded/Capitalization) for Saudi Arabia
DDEM01SAA156NWDB
Nominal Changes in Inventories for Saudi Arabia
NINVNSAXDCSAQ
Citation
U.S. Federal Reserve, Saudi Riyal, Quarterly, Seasonally Adjusted (SAUXTIMVA01NCMLSAQ), retrieved from FRED.