The Saudi Arabian Riyal (SAR) has strengthened against the US Dollar (USD), reaching its highest level in seven years. On July 2, 2025, the SAR closed at 50.25 to the USD, marking a significant increase from its previous day's closing price. The Saudi Arabian Monetary Authority (SAMA) has maintained its policy of pegging the SAR to the USD, with the current exchange rate remaining at 50.25 SAR to 1 USD.
The recent appreciation of the SAR can be attributed to several factors, including strong oil prices and robust economic growth in Saudi Arabia. The country's oil exports have been a major driver of its economic performance, contributing significantly to its foreign exchange reserves. The SAR's strength is also a reflection of the Saudi government's commitment to maintaining a stable currency and a healthy economy.