riyal
- noun
- /riˈjɑl/
- Because the exchange rate is fixed, the value of the riyal isn't such a great way to read the market's views on Saudi Arabia, because the Saudi Arabian Monetary Agency stands ready to support the peg at the 3.75 level on a daily basis.
Examples
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You will still pay me my riyals.
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In other words, one would usually expect the riyal to appreciate against the dollar.
Blog text (5) -
In other words, as pointed out by BNP's Bartosz Pawlowski, traders are expecting the riyal to depreciate against the dollar.
Blog text (5) -
The GlobalEurope Anticipation Bulletin created its own US dollar index of euro, yen, riyal, and yuan to more accurately measure global currency balances.
Blog text (4) -
You need to exchange your dollars for riyals to make purchases in Qatar.
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The price of the hotel is 250 riyals per night.
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After a long day of touring, we spent our last riyal on dinner.
Synonyms
The official money used in Qatar
Compounds
Surface Forms
Etymology
The word riyal comes from an old Spanish coin called real, which is related to the English word royal and meant 'of the king'. So Qatar's riyal is literally a coin named after kings, which is why it is used as the country's money.