International Merchandise Trade Statistics: Imports: Commodities for Saudi Arabia
Saudi Riyal, Monthly, Not Seasonally Adjusted
SAUXTIMVA01NCMLM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
80,930,000,000.00
Year-over-Year Change
7.76%
Date Range
1/1/2014 - 5/1/2025
Summary
The Saudi Riyal exchange rate measures the value of the Saudi Arabian currency relative to the U.S. dollar. This metric is crucial for monitoring the international trade and investment activities of the Saudi economy.
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 exchange rate reflects the relative strength of the Saudi economy and is a key indicator for investors, policymakers, and analysts assessing the country's economic performance and competitiveness.
Methodology
The data is collected and reported monthly by the Saudi Arabian Monetary Authority.
Historical Context
The Saudi Riyal exchange rate is closely watched by global financial markets and influences Saudi Arabia's import/export dynamics and foreign investment flows.
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 global oil prices.
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, providing insight into the strength of the Saudi economy.
Q: Why is this trend relevant for users or analysts?
A: The Saudi Riyal exchange rate is a crucial indicator for monitoring the international trade and investment activities of the Saudi economy, which is heavily dependent on global oil markets.
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 closely watched by global financial markets and influences Saudi Arabia's import/export dynamics and foreign investment flows, making it a key metric for policymakers and analysts.
Q: Are there update delays or limitations?
A: The Saudi Riyal exchange rate data is reported monthly with no significant update delays.
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Citation
U.S. Federal Reserve, Saudi Riyal, Monthly, Not Seasonally Adjusted (SAUXTIMVA01NCMLM), retrieved from FRED.