Today's SAR to HKD Price Update

Summary

This report provides the real-time exchange rate between the Saudi Arabian Riyal (SAR) and Hong Kong Dollar (HKD), helping traders quickly grasp market dynamics and identify potential trading opportunities.

Definition

The Saudi Arabian Riyal (SAR) is a major fiat currency in the Middle East, while the Hong Kong Dollar (HKD) is a key currency in Asia-Pacific financial markets. The exchange rate between them reflects market valuations and cross-border investment flows between these two regions.

Today’s Price

• 1 SAR = 2.08 HKD
• 24h High: 2.0759 HKD
• 24h Low: 2.0757 HKD

Market Analysis

The SAR/HKD pair is currently trading in a neutral zone, as indicated by technical indicators.

• Technical levels: The 14-day Relative Strength Index (RSI) stands at 52.703, suggesting neutral momentum with no clear directional bias
• Risk note: The pair is trading within a tight range with minimal intraday volatility
• Trading opportunities: Monitor for potential breakouts beyond the 24-hour range established between 2.0757 and 2.0759 HKD

Conclusion

Continue to monitor the SAR/HKD pair for any shifts in technical momentum. Traders should remain alert for potential entry points as the pair approaches key support and resistance levels, while maintaining disciplined risk management in this neutral market environment.