Exchange Rate (market+estimated) for Saudi Arabia
XRNCUSSAA618NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.75
Year-over-Year Change
0.07%
Date Range
1/1/1970 - 1/1/2019
Summary
The Exchange Rate (market+estimated) for Saudi Arabia measures the value of the Saudi riyal relative to the U.S. dollar. This metric is crucial for understanding Saudi Arabia's international trade and economic competitiveness.
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 Exchange Rate (market+estimated) for Saudi Arabia represents the market-determined exchange rate between the Saudi riyal and the U.S. dollar, including both official and estimated parallel market transactions. This rate is a key indicator of Saudi Arabia's economic performance and its trade dynamics with the United States and other global markets.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on market observations and estimates.
Historical Context
This exchange rate trend is widely used by economists, policymakers, and market analysts to assess Saudi Arabia's economic conditions and policy impacts.
Key Facts
- The Saudi riyal has been pegged to the U.S. dollar since 1986.
- Saudi Arabia is the largest economy in the Middle East and a major global oil exporter.
- The exchange rate is a crucial indicator of Saudi Arabia's economic competitiveness.
FAQs
Q: What does this economic trend measure?
A: The Exchange Rate (market+estimated) for Saudi Arabia measures the value of the Saudi riyal relative to the U.S. dollar, including both official and estimated parallel market transactions.
Q: Why is this trend relevant for users or analysts?
A: This exchange rate is a key indicator of Saudi Arabia's economic performance, trade dynamics, and competitiveness in global markets.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on market observations and estimates.
Q: How is this trend used in economic policy?
A: The exchange rate is widely used by economists, policymakers, and market analysts to assess Saudi Arabia's economic conditions and the impacts of policy decisions.
Q: Are there update delays or limitations?
A: The data is published with minimal delay, though the parallel market estimates may have some limitations.
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Citation
U.S. Federal Reserve, Exchange Rate (market+estimated) for Saudi Arabia (XRNCUSSAA618NRUG), retrieved from FRED.