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 the official currency of Saudi Arabia, while the Hong Kong Dollar (HKD) is the legal tender of Hong Kong. The exchange rate between them reflects market valuations and the relative strength of these two currencies in the global financial system.

Today’s Price

• 1 SAR = 2.08 HKD
• 24h High: 2.0775 HKD
• 24h Low: 2.0765 HKD

Market Analysis

The SAR/HKD exchange rate is currently trading near 2.0771 HKD, reflecting relatively tight price action within a narrow daily range.

• Technical outlook: According to moving average analysis, the pair shows a Strong Sell outlook with 11 Sell signals against only 1 Buy signal across multiple timeframes (MA5 to MA200)
• Risk note: The technical indicators suggest downward pressure; traders should monitor support levels closely for potential reversals
• Trading opportunities: Watch for confirmation of technical signals and potential entry points aligned with the prevailing bearish technical setup

Conclusion

Continue to monitor the SAR/HKD pair closely, integrating technical analysis with market sentiment. Given the current Strong Sell outlook from moving averages, risk management remains paramount for active traders.