Rates are indicative only (BGN composite). Not for trading. Delayed ~15 min. All times ET.
Gulf & MENA Currency Pairs MENA Focus
Currency Pair
Rate
Chg
Chg %
Open
52W High
52W Low
52W Range
7D Chart
Gulf currencies (SAR, AED, QAR, BHD, OMR) are pegged to the USD. Rates shown vs USD and EUR for reference. KWD is pegged to a basket.
Europe, Middle East & Africa EMEA
Currency Pair
Rate
Chg
Chg %
Open
52W High
52W Low
52W Range
7D Chart
Indicative rates only. Not for trading purposes.
Asia Pacific Currencies APAC
Currency Pair
Rate
Chg
Chg %
Open
52W High
52W Low
52W Range
7D Chart
Indicative rates only. Not for trading purposes.
Petro & Commodity Currencies Oil-Linked
Currency Pair
Rate
Chg
Chg %
Open
52W High
52W Low
52W Range
7D Chart
Commodity currencies are correlated with crude oil and raw material prices. Moves in Brent/WTI directly impact CAD, NOK, and RUB. Relevant for Gulf traders hedging oil revenue exposure.
Cross Rates Matrix USD Base
Base currency:
Cross rates are derived from USD spot rates. Diagonal = 1.0000 (same currency). Rates are indicative only.
FX Guide for MENA Traders
Gulf Currency Pegs
SAR (3.7500), AED (3.6725), QAR (3.6400), BHD (0.3760), OMR (0.3845) are all hard-pegged to the USD. KWD is pegged to an undisclosed basket — it's the world's highest-valued currency at ~3.27 USD.
USD/TRY — The Volatile Neighbor
Turkish Lira has lost over 80% vs USD since 2020. Turkish inflation peaked above 85% (2022). Key risk for GCC investors with Turkish real estate or equity exposure. CBRT policy rate is 42.5%.
USD/EGP — Post-Devaluation
Egypt devalued the pound three times (2022–2024), moving from ~15 to ~48 EGP/USD. The IMF programme and Gulf investment inflows have since stabilised the rate near 48–50. Remittances from 9M Egyptians abroad are a key FX driver.
DXY & Gulf Budgets
The US Dollar Index (DXY) measures USD against EUR, JPY, GBP, CAD, SEK, CHF. A weaker DXY tends to support oil prices (both quoted in USD), boosting Gulf sovereign revenues. Most Gulf SWFs track DXY closely.
Gold (XAU/USD) & MENA
MENA is the world's largest gold jewellery market. Saudi Arabia, UAE (especially Dubai), and Turkey are top consumers. Gold rises when USD weakens or geopolitical risk rises. Central banks in Egypt, Iraq, and UAE hold significant gold reserves.
Remittance Currencies
Gulf expat workers send ~$100B+ annually to India (INR), Pakistan (PKR), Philippines (PHP), Bangladesh (BDT), Egypt (EGP), and Jordan (JOD). USD/INR and USD/PKR are the most actively traded remittance corridors from the GCC.
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