International Merchandise Trade Statistics: Trade Balance: Commodities for Saudi Arabia
Saudi Riyal, Monthly, Seasonally Adjusted
SAUXTNTVA01NCMLSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,870,530,000.00
Year-over-Year Change
-67.92%
Date Range
5/1/2016 - 5/1/2025
Summary
The Saudi Riyal, Monthly, Seasonally Adjusted trend measures the exchange rate between the Saudi Arabian riyal and the U.S. dollar on a monthly basis after adjusting for seasonal factors. This metric is closely watched by economists and policymakers to understand the competitiveness of Saudi exports and the overall health 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, Monthly, Seasonally Adjusted trend represents the official exchange rate between the Saudi Arabian currency, the riyal, and the U.S. dollar. This data is used by analysts to gauge the relative strength of the Saudi economy and monitor any adjustments to the country's exchange rate policies.
Methodology
The data is collected and calculated by the Saudi Arabian Monetary Authority.
Historical Context
The Saudi riyal exchange rate is a critical indicator for economists and investors tracking the Saudi economy and its trade dynamics.
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 revenues.
FAQs
Q: What does this economic trend measure?
A: The Saudi Riyal, Monthly, Seasonally Adjusted trend measures the official exchange rate between the Saudi Arabian riyal and the U.S. dollar on a monthly basis, with seasonal adjustments.
Q: Why is this trend relevant for users or analysts?
A: This exchange rate trend is crucial for understanding the competitiveness of Saudi exports, the overall health of the Saudi economy, and the potential impact of exchange rate policies on trade and investment.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Saudi Arabian Monetary Authority.
Q: How is this trend used in economic policy?
A: The Saudi riyal exchange rate is a key indicator monitored by economists, policymakers, and investors to assess the Saudi economy's performance and competitiveness in global markets.
Q: Are there update delays or limitations?
A: The data is published monthly, with no known significant delays or limitations.
Related Trends
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NFIRXDCSAA
Value of Exports to Saudi Arabia from New York
NYSAUA052SCEN
Real Private Sector Final Consumption Expenditure for Saudi Arabia
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Number of Listed Companies for Saudi Arabia
DDOM01SAA644NWDB
Real Changes in Inventories for Saudi Arabia
NINVRNSAXDCSAQ
Total Credit to Private Non-Financial Sector, Adjusted for Breaks, for Saudi Arabia
CRDQSAAPABIS
Citation
U.S. Federal Reserve, Saudi Riyal, Monthly, Seasonally Adjusted (SAUXTNTVA01NCMLSAM), retrieved from FRED.