Value of 1996 Saudi Riyals today

﷼100 in 1996

﷼153.97 today

The inflation rate in Saudi Arabia between 1996 and today has been 53.97%, which translates into a total increase of ﷼53.97. This means that 100 riyal in 1996 are equivalent to 153.97 riyal in 2018. In other words, the purchasing power of ﷼100 in 1996 equals ﷼153.97 today. The average annual inflation rate has been 1.89%.

Inflation timeline in Saudi Arabia (1996-2019)

The following chart ilustrates the equivalence of ﷼100 throughout the years due to inflation and CPI changes. All values are equivalent in terms of purchashing power, which means that for each year the same goods or services could be bought with the indicated amount of money.

All calculations are performed in the local currency (SAR) and using 6 decimal digits. Results show only up to 2 decimal digits to favour readability. Inflation data is provided by governments and international institutions on a monthly basis. Today's values were obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1996-2018) 50.24%
Total Inflation* 53.97%
Annual inflation avg. (1996-2018) 1.87%
Annual inflation avg.* 1.89%
CPI 1996 66.84
CPI 2018 100.42
CPI today* 102.92
﷼1 in 1996 ﷼1.5 in 2018

* Values extrapolated from the last official data to obtain today's values.

How to calculate today's value of money after inflation?

There are several ways to calculate the time value of money. Depending on the data available, results can be obtained by using the compound interest formula or the Consumer Price Index (CPI) formula.

Using the compound interest formula

Given that money changes in time as a result of an inflation rate that acts as a compound interest, the following formula can be used: FV = PV (1 + i)n, where:

  • FV: Future Value
  • PV: Present Value
  • i: Interest rate (inflation)
  • n: Number of times the interest is compounded (i.e. # of years)

In this case, the future value represents the final amount obtained after applying the inflation rate to our initial value. In other words, it indicates how much are ﷼100 worth today. There are 22 years between 1996 and 2018 and the average inflation rate has been 1.8943%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = ﷼100 * (1 + 0.02)22 = ﷼150.24

Using the CPI formula

When the CPI for both start and end years is known, the following formula can be used:

Final value = Initial value *
CPI final/CPI initial

In this case, the CPI in 1996 was 66.84 and the CPI today is 102.92. Therefore,

Final value = Initial value *
CPI final/CPI initial
= ﷼100 *
100.42/66.84
= ﷼150.24

Saudi Arabia inflation - Conversion table

Initial Value Equivalent value
﷼1 riyal in 1996 ﷼1.54 riyal today
﷼5 riyal in 1996 ﷼7.7 riyal today
﷼10 riyal in 1996 ﷼15.4 riyal today
﷼50 riyal in 1996 ﷼76.99 riyal today
﷼100 riyal in 1996 ﷼153.97 riyal today
﷼500 riyal in 1996 ﷼769.86 riyal today
﷼1,000 riyal in 1996 ﷼1,539.72 riyal today
﷼5,000 riyal in 1996 ﷼7,698.62 riyal today
﷼10,000 riyal in 1996 ﷼15,397.24 riyal today
﷼50,000 riyal in 1996 ﷼76,986.19 riyal today
﷼100,000 riyal in 1996 ﷼153,972.38 riyal today
﷼500,000 riyal in 1996 ﷼769,861.92 riyal today
﷼1,000,000 riyal in 1996 ﷼1,539,723.83 riyal today

Value of Riyal in time (by year)

Period Value
1996 100
1997 101.21
1998 100.78
1999 99.83
2000 99.61
2001 97.82
2002 97.22
2003 97.92
2004 98.51
2005 98.91
2006 100.1
2007 102.99
2008 109.66
2009 119.51
2010 124.58
2011 131.35
2012 137.34
2013 142.26
2014 145.87
2015 148.62
2016 150.5
2017 151.95
2018 150.24
Today 153.97