Value of 2005 Saudi Riyals today

﷼100 in 2005
﷼174.03 in 2024

The inflation rate in Saudi Arabia between 2005 and today has been 74.03%, which translates into a total increase of ﷼74.03. This means that 100 riyal in 2005 are equivalent to 174.03 riyal in 2024. In other words, the purchasing power of ﷼100 in 2005 equals ﷼174.03 today. The average annual inflation rate between these periods has been 2.96%.

Inflation timeline in Saudi Arabia (2005 - 2024)

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 2005-2023 71.35%
Cumulative inflation 2005-today 74.03%
Avg. Annual inflation 2005-2023 3.04%
CPI 2005 66.24
CPI 2023 113.51
CPI 2024-05 (latest official data) 115.18
CPI today 115.28

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 2005 and 2023, use the corresponding CPI values:

Value2023
=Value2005 ×
CPI2023/CPI2005
=﷼ 100 ×
113.51/66.24
﷼171.35

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 115.28:

Valuetoday
=Value2005 ×
CPItoday/CPI2005
=﷼ 100 ×
115.28/66.24
﷼174.03

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 18 years between 2005 and 2023 and the average inflation rate was 3.0372%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=﷼100 × (1 + 0.030372)18
﷼171.35

Saudi Arabia inflation - Conversion table

Initial Value Equivalent value
﷼1 riyal in 2005 ﷼1.71 riyal in 2023
﷼5 riyal in 2005 ﷼8.57 riyal in 2023
﷼10 riyal in 2005 ﷼17.14 riyal in 2023
﷼50 riyal in 2005 ﷼85.68 riyal in 2023
﷼100 riyal in 2005 ﷼171.35 riyal in 2023
﷼500 riyal in 2005 ﷼856.76 riyal in 2023
﷼1,000 riyal in 2005 ﷼1,713.53 riyal in 2023
﷼5,000 riyal in 2005 ﷼8,567.64 riyal in 2023
﷼10,000 riyal in 2005 ﷼17,135.27 riyal in 2023
﷼50,000 riyal in 2005 ﷼85,676.36 riyal in 2023
﷼100,000 riyal in 2005 ﷼171,352.73 riyal in 2023
﷼500,000 riyal in 2005 ﷼856,763.63 riyal in 2023
﷼1,000,000 riyal in 2005 ﷼1,713,527.27 riyal in 2023
Cumulative inflation From 2005 74.03%
Avg. annual inflation From 2005 2.96%
CPI 2005 66.24
CPI today 115.28

Value of Riyal over time (by year)

Period Value
2005 100
2006 102.21
2007 106.47
2008 116.98
2009 122.89
2010 129.46
2011 137
2012 140.92
2013 145.9
2014 149.17
2015 150.96
2016 154.09
2017 152.8
2018 156.55
2019 153.27
2020 158.56
2021 163.41
2022 167.46
2023 171.35
2024-05 173.88
Today 174.03

All available years

Today's value of saudi riyals by year:

1995 | 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 | 2022 | 2023 |

Other currencies: