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SAR

$--
--%
1d
1w
1m

Analysis and statistics

  • Open
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  • Previous Close
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  • 52 Week Change
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  • Day Range
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  • 52 Week High/Low
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  • Dividend Per Share
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  • Market cap
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  • EPS
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  • Beta
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  • Volume
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About

SAR.FOREX is a currency pair in the foreign exchange (forex) market. It represents the exchange rate between the Saudi Arabian Riyal (SAR) and another unspecified currency. To determine the exact meaning of SAR.FOREX, you'd need to know the second currency in the pair. For instance, SAR/USD represents the exchange rate between the Saudi Arabian Riyal and the US Dollar, indicating how many Riyals are needed to buy one US Dollar. Forex traders speculate on the fluctuations of such currency pairs to profit from changes in their relative values. Without knowing the second currency, "SAR.FOREX" simply signifies a trade involving the Saudi Arabian Riyal against *some* other currency in the global forex market.
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Factors

SAR.FOREX price determinants are intricate. Oil Prices: Saudi Arabia's economy hinges heavily on oil revenues. Higher oil prices generally strengthen the SAR, while lower prices weaken it.

Interest Rates: Higher Saudi interest rates tend to attract foreign investment, increasing demand for the SAR and pushing its value up.

Government Policies: Economic reforms, fiscal policies, and other government decisions significantly impact investor sentiment and the SAR's stability.

Global Economic Conditions: Global growth, trade relations, and overall economic stability influence demand for the SAR as a safe haven or investment currency.

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