The Saudi riyal has been fixed at 3.75 riyals per US dollar for decades. Whether you work in Riyadh, are planning Umrah or trade with Saudi businesses, this peg makes conversion simple. This guide explains the Saudi riyal peg, how it works and what it means in practice, with our USD to SAR converter.
The rate
SAR = USD × 3.75
USD = SAR ÷ 3.75
$1,000 = SAR 3,750. SAR 1,000 = about $266.67.
Why Saudi Arabia pegs to the dollar
Saudi Arabia earns much of its income from oil, which is priced in dollars. A fixed rate keeps government revenue and budgets predictable and gives businesses and foreign workers stability. The Saudi Central Bank (SAMA) holds large reserves to maintain it.
How long has it lasted?
The riyal has been officially pegged at 3.75 since the mid-1980s. Over that time, the rate has stayed essentially the same, apart from small dealer spreads.
What dealers charge
Banks and exchange centres may quote slightly different rates, such as 3.74 or 3.76, depending on whether they are buying or selling dollars. The official peg is the reference point.
For Pakistanis working in Saudi Arabia
Because the riyal follows the dollar, the SAR to PKR rate moves with the USD to PKR rate. If the rupee falls 5% against the dollar, it falls about 5% against the riyal too. Check rupee values with the Currency Converter.
For pilgrims
Umrah and Hajj packages are often priced in riyals or dollars. Convert before comparing package prices from different agents. Read planning an Umrah budget in riyals and rupees for a step-by-step budget.
Other Gulf pegs
| Country | Currency | Pegged to USD at about |
|---|---|---|
| Saudi Arabia | Riyal (SAR) | 3.75 |
| UAE | Dirham (AED) | 3.6725 |
| Qatar | Riyal (QAR) | 3.64 |
| Oman | Rial (OMR) | 0.3845 |
| Bahrain | Dinar (BHD) | 0.376 |
Kuwait uses a basket of currencies rather than a pure dollar peg. To convert dollars to dirhams, see the USD to AED converter.
Frequently asked questions
What is the Saudi riyal to dollar rate?
3.75 riyals per US dollar under the official peg.
How much is 1,000 riyals in dollars?
About $266.67.
Does the riyal rate change?
The official rate has stayed at 3.75; dealers add small spreads.