International Merchandise Trade Statistics: Exports: Commodities for Saudi Arabia
Saudi Riyal, Monthly, Not Seasonally Adjusted
SAUXTEXVA01NCMLM • 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 tracks the value of the Saudi currency relative to the U.S. dollar on a monthly basis. This metric is closely monitored by economists and policymakers to assess the Kingdom's economic and trade dynamics.
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 exchange rate represents the price at which the Saudi Arabian currency can be exchanged for U.S. dollars. It is a key indicator of Saudi Arabia's international trade and competitiveness, with implications for inflation, exports, and capital flows.
Methodology
The data is collected and reported monthly by the Saudi Arabian Monetary Authority.
Historical Context
The Saudi Riyal exchange rate is a crucial input for economic analysis and policy decisions in Saudi Arabia and globally.
Key Facts
- The Saudi Riyal has been pegged to the U.S. dollar since 1986.
- Saudi Arabia is the world's largest exporter of crude oil.
- The Saudi economy is heavily dependent on oil exports.
FAQs
Q: What does this economic trend measure?
A: The Saudi Riyal exchange rate measures the value of the Saudi Arabian currency relative to the U.S. dollar on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: The Saudi Riyal exchange rate is a critical indicator of Saudi Arabia's international trade competitiveness and macroeconomic conditions, with implications for inflation, exports, and capital flows.
Q: How is this data collected or calculated?
A: The data is collected 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 a crucial input for economic analysis and policy decisions in Saudi Arabia and globally, particularly regarding trade, inflation, and monetary policy.
Q: Are there update delays or limitations?
A: The Saudi Riyal exchange rate data is reported monthly with minimal delay, providing timely insights into the Kingdom's economic performance.
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Citation
U.S. Federal Reserve, Saudi Riyal, Monthly, Not Seasonally Adjusted (SAUXTEXVA01NCMLM), retrieved from FRED.