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A significant appreciation in the exchange rate is a low-probability event, with higher increases being less accepted by the market.
The probability of betting on the USD to Riyal rising to 1.8 million Riyals is only 9%, with odds of 11.11x;
the probability of rising to 1.9 million Riyals is only 3%, with odds of 33.33x.
The market generally does not expect extreme depreciation of the exchange rate in the short term, and the willingness to bet on upward movement is very weak.