| Currency | 05/28/2026 | 06/04/2026 | Change | |
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| Colombian Peso (COP) | 0.0002349 € | ⇨ | 0.0002403 € | +2.34% |
| Mauritanian Ouguiya (MRU) | 0.0215 € | ⇨ | 0.0217 € | +1.27% |
| Nigerian Naira (NGN) | 0.0006 € | ⇨ | 0.0006 € | +1.24% |
| Fijian Dollar (FJD) | 0.3862 € | ⇨ | 0.3907 € | +1.13% |
| South Korean Won (KRW) | 0.0006 € | ⇨ | 0.0006 € | -2.29% |
| Silver (oz) | 2.0949 € | ⇨ | 2.0467 € | -2.5% |
| Belarusian Ruble (BYN) | 0.3128 € | ⇨ | 0.3044 € | -2.7% |
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| Bitcoin (BTC) | 62,985 € | ⇨ | 54,165 € | -13.71% |
| See also the 24h, 30d and 1y changes | ||||
| Currency name | Saudi Riyal |
| Symbol | SR |
| Also known as | SAR, Saudi Riyal, 1 SAR = 100 halalah |
| ISO code | SAR |
| Banknotes | 1, 5, 10, 50, 100, 500 SAR |
| Coins | 5, 10, 25, 50, 100 halalah; 1, 2 SAR |
| Central bank | Saudi Central Bank (SAMA) - Website: www.sama.gov.sa |
| Countries | 1 country: Saudi Arabia (capital: Riyadh, major cities: Riyadh, Jeddah, Mecca, Medina) |
| Population | 34 mil. |
History
The Saudi riyal, the official currency of the Kingdom of Saudi Arabia, embodies the transformation of one of the world's most resource-rich nations from a tribal society into a major global economic power. Before the discovery of oil, Saudi Arabia's economy was based on trade and pilgrimage to Mecca and Medina, and various foreign coins and the Indian rupee circulated alongside the Saudi riyal.
The modern Saudi riyal traces its origins to the Hejazi riyal, used in the western regions of the Arabian Peninsula before Saudi unification. When King Abdulaziz ibn Saud unified the kingdom in 1932, a standardised monetary system was established. The Saudi Arabian Monetary Authority (now the Saudi Central Bank, or SAMA) was founded in 1952.
The discovery of oil in 1938 and the massive expansion of oil revenues from the 1970s onward fundamentally altered Saudi Arabia's economic and monetary position. In 1986, the riyal was pegged to the US dollar at 3.75 SAR/USD — a rate maintained to this day with one very brief interruption. This peg is supported by Saudi Arabia's position as the world's largest oil exporter and its enormous US dollar foreign exchange reserves.
The riyal's dollar peg makes Saudi Arabia's monetary policy effectively an extension of the US Federal Reserve's policy. As a key OPEC member, Saudi Arabia's decisions on oil production have global macroeconomic implications, including for the dollar itself.
Sources:
"Saudi riyal", Wikipedia, https://en.wikipedia.org/wiki/Saudi_riyal
"Saudi Central Bank", Wikipedia, https://en.wikipedia.org/wiki/Saudi_Central_Bank