Editing Saudi riyal (section)

===Historical exchange rates===
{| class="wikitable"
|+ Historical exchange rate arrangements of Saudi Arabian currency since 1936
! Date period !! Arrangement !! Remarks
|-
| 1936 – 1948 || 1 SAR = 10.6918&nbsp;g silver<br>20 SAR = 7.32238&nbsp;g gold || 
|-
| 1948 – September 1948 || 1 SAR = 10.6918&nbsp;g silver<br>65 SAR = 7.32238&nbsp;g gold || 
|-
| 1948 – 1951 || 1 SAR = 10.6918&nbsp;g silver || The gold [[Sovereign (British coin)|sovereign]] coin was made legal tender in Saudi Arabia with an initial value of 62 riyals.
|-
| 1951 – 21 October 1952 || Informal fixed exchange rate ({{sfrac|3|15|22}} SAR = 1 USD) || Government begins stabilisation of exchange rate in relation to the U.S. dollar. Saudi Arabia adopted the gold standard. Implied exchange rate with the British sovereign coin was 40 riyals.
|-
| 22 October 1952 – 1 November 1954 || Fixed exchange rate ({{sfrac|3|15|22}} SAR = 1 USD) || Establishment of [[Saudi Central Bank|SAMA]] makes the fixed exchange rate official.
|-
| 2 November 1954 – 1958 || Fixed exchange rate (3.75 SAR = 1 USD) || Slight devaluation as announced by the finance minister.
|-
| 1958 – 22 January 1959<br>7 February 1959 – 7 January 1960 || Dual exchange rate || A free market currency exchange was established. Official exchange rate was 3.75 riyals per U.S. dollar. A royal decree on 23 January 1959 briefly abolished the free market currency exchange.
|-
| 8 January 1960 – 14 March 1975 || Fixed exchange rate with USD || On 23 August 1971, the riyal was devalued by a sixth so that 4.50 SAR = 1 USD. Saudi Arabia did not follow the devaluation of the USD against gold, causing the exchange rate with respect to the USD to become 4.14475 riyals in December 1971 and 3.73027 riyals in February 1973. Following the [[1970s energy crisis]], the riyal was revalued to 3.55001 riyals per US dollar in August 1973.
|-
| From 15 March 1975 || Anchor to [[special drawing rights]] || The currency was anchored to the IMF's special drawing rights at an initial exchange rate of 4.28255 riyals per SDR and was allowed to fluctuate within a band from September 1975 to July 1981. In practice, since 1986, the currency has been pegged to the US dollar at a rate of 3.745 (now 3.75) riyals per US dollar.
|}