Executive Summary of Exchange Rate of Saudi Arabia & Its Impact on United States

        The aim of this research is to provide deep insights regarding the foreign exchange rate risk mitigation strategy of Saudi Arabia. Along with the policies the current situation of Saudi Arabia is being discussed which provide an overview regarding exchange rate risk management and effects on the economy. The study is focusing on majorly over the foreign exchange rate and how it being influenced by various factors. The secondary research approach is used to gather the data for the study. The major data is gathered by conducting literature review which means that the contribution of previous researchers is analyzed to develop the findings of the study. The literature review has provided enough data which can provide deep insights regarding the exchange rate policy of Saudi Arabia. Through literature it has been identified that many researchers have conducted research on the impact of oil prices on exchange rate and how it effects the overall economy. The Findings of the research states that the oil prices have significant impact on the exchange rate of Saudi Arabia. When the oil prices increase the exchange rate of Saudi Arabia also increase as a result. However when the prices of the oil decrease the exchange rate of Saudi Arabia decrease as result. In other words when the prices of oil decreases Saudi Arabia have to face problems because its economy currently is majorly focused on oil and oil related products.