Value of 2001 Saudi Riyals today

﷼100 in 2001
﷼170 in 2022

The inflation rate in Saudi Arabia between 2001 and today has been 70%, which translates into a total increase of ﷼70. This means that 100 riyal in 2001 are equivalent to 170 riyal in 2022. In other words, the purchasing power of ﷼100 in 2001 equals ﷼170 today. The average annual inflation rate between these periods has been 2.56%.

Inflation timeline in Saudi Arabia (2001 - 2022)

The following chart depicts the equivalence of ﷼100 due to compound inflation and CPI changes. All values are equivalent in terms of purchasing 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 extrapolated from the latest 12-month rolling average official data.

The following table contains relevant indicators:

Indicator Value
Cumulative inflation 2001-2021 66.46%
Cumulative inflation 2001-today 70%
Avg. Annual inflation 2001-2021 2.58%
CPI 2001 65.03
CPI 2021 108.25
CPI 2022-05 (latest official data) 110.36
CPI today 110.55

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 Consumer Price Index (CPI) formula or the compound interest formula.

Using the CPI formula

When we have both the start and end years, we can use the following formula:

Valuet =Value0 ×
CPIt/CPI0

To obtain the values equivalent in buying power between 2001 and 2021, use the corresponding CPI values:

Value2021
=Value2001 ×
CPI2021/CPI2001
=﷼ 100 ×
108.25/65.03
﷼166.46

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 110.55:

Valuetoday
=Value2001 ×
CPItoday/CPI2001
=﷼ 100 ×
110.55/65.03
﷼170

Alternative: Using the compound interest formula

Given that money changes with time as a result of an inflation rate that acts as compound interest, we can use the following formula: 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 20 years between 2001 and 2021 and the average inflation rate was 2.5808%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=﷼100 × (1 + 0.025808)20
﷼166.46

Saudi Arabia inflation - Conversion table

Initial Value Equivalent value
﷼1 riyal in 2001 ﷼1.66 riyal in 2021
﷼5 riyal in 2001 ﷼8.32 riyal in 2021
﷼10 riyal in 2001 ﷼16.65 riyal in 2021
﷼50 riyal in 2001 ﷼83.23 riyal in 2021
﷼100 riyal in 2001 ﷼166.46 riyal in 2021
﷼500 riyal in 2001 ﷼832.32 riyal in 2021
﷼1,000 riyal in 2001 ﷼1,664.63 riyal in 2021
﷼5,000 riyal in 2001 ﷼8,323.17 riyal in 2021
﷼10,000 riyal in 2001 ﷼16,646.33 riyal in 2021
﷼50,000 riyal in 2001 ﷼83,231.66 riyal in 2021
﷼100,000 riyal in 2001 ﷼166,463.32 riyal in 2021
﷼500,000 riyal in 2001 ﷼832,316.58 riyal in 2021
﷼1,000,000 riyal in 2001 ﷼1,664,633.15 riyal in 2021
Cumulative inflation From 2001 70%
Avg. annual inflation From 2001 2.56%
CPI 2001 65.03
CPI today 110.55

Value of Riyal over time (by year)

Period Value
2001 100
2002 100.25
2003 100.86
2004 101.38
2005 101.87
2006 104.12
2007 108.46
2008 119.16
2009 125.19
2010 131.87
2011 139.55
2012 143.55
2013 148.63
2014 151.95
2015 153.78
2016 156.96
2017 155.65
2018 159.47
2019 156.14
2020 161.52
2021 166.46
2022-05 169.71
Today 170

All available years

Today's value of saudi riyals by year:

1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |

Other currencies: