International Merchandise Trade Statistics: Imports: Commodities for Saudi Arabia
Saudi Riyal, Quarterly, Not Seasonally Adjusted
SAUXTIMVA01NCMLQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
226,384,800,000.00
Year-over-Year Change
43.37%
Date Range
1/1/2005 - 1/1/2025
Summary
The Saudi Riyal, Quarterly, Not Seasonally Adjusted series tracks the exchange rate between the Saudi Arabian riyal and the U.S. dollar on a quarterly basis. This measure is important for economists and policymakers to understand Saudi Arabia's international trade and financial market 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, Quarterly, Not Seasonally Adjusted series represents the nominal exchange rate of the Saudi Arabian riyal against the U.S. dollar, reported on a quarterly frequency and without seasonal adjustments. This data point is a key indicator of Saudi Arabia's currency valuation and is widely used to analyze the country's trade balance, capital flows, and macroeconomic policies.
Methodology
The data is collected by the Saudi Arabian Monetary Authority and reported to the U.S. Federal Reserve.
Historical Context
The Saudi riyal exchange rate is closely monitored by global financial markets and policymakers for its implications on Saudi Arabia's external competitiveness and economic stability.
Key Facts
- Saudi Arabia is the largest economy in the Middle East.
- The Saudi riyal has been pegged to the U.S. dollar since 1986.
- Saudi Arabia is the world's largest exporter of crude oil.
FAQs
Q: What does this economic trend measure?
A: The Saudi Riyal, Quarterly, Not Seasonally Adjusted series tracks the nominal exchange rate between the Saudi Arabian riyal and the U.S. dollar on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: The Saudi riyal exchange rate is a crucial indicator of Saudi Arabia's external competitiveness, trade balance, and macroeconomic policies, making it highly relevant for economists, investors, and policymakers.
Q: How is this data collected or calculated?
A: The data is collected by the Saudi Arabian Monetary Authority and reported to the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: The Saudi riyal exchange rate is closely monitored by global financial markets and policymakers for its implications on Saudi Arabia's external competitiveness and economic stability.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, so there may be delays in the most recent updates compared to higher-frequency exchange rate series.
Related Trends
Consolidated Foreign Claims of BIS-Reporting Banks to GDP for Saudi Arabia
DDOI12SAA156NWDB
Bank Credit to Bank Deposits for Saudi Arabia
DDSI04SAA156NWDB
H-Statistic in Banking Market for Saudi Arabia
DDOI03SAA066NWDB
Nominal Imports of Goods and Services for Saudi Arabia
NMXDCSAA
Bank's Overhead Costs to Total Assets for Saudi Arabia
DDEI04SAA156NWDB
Real Gross Fixed Capital Formation for Saudi Arabia
NFIRXDCSAA
Citation
U.S. Federal Reserve, Saudi Riyal, Quarterly, Not Seasonally Adjusted (SAUXTIMVA01NCMLQ), retrieved from FRED.