Saudi Riyal to Iraqi Dinar

About SAR/IQD

The Saudi Riyal (SAR) to Iraqi Dinar (IQD) exchange rate reflects the value of one SAR in IQD. SARF tracks both the official central bank rate and the parallel market rate, which together reveal the true cost of foreign exchange in MENA markets. The spread between these two rates is a key indicator of economic pressure and currency market fragmentation.

Saudi Arabia pegs the Saudi Riyal (SAR) to the US Dollar at 3.75, one of the most stable fixed exchange rate arrangements globally. The central bank maintains substantial reserves to defend the peg, making the spread between official and parallel rates among the smallest in the region.

The Iraqi Dinar (IQD) is managed by the Central Bank of Iraq with a relatively stable official rate against the USD. Regular dollar auctions and import controls influence the spread between official and parallel market rates.