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Best Send Money to Eurozone SAR/EUR Rates Compared Live

The best SAR to EUR exchange rate is 0.2470. Compare foreign transfer and currency exchange rates, find better rates & deals.

SAR-EUR Best Exchange Rate Calculator
 

Comparing SAR-EUR send money exchange rates

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Saudi riyal (SAR) to Euro (EUR) rates from different sources before making a conversion.

The above Riyal to Euro comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged vs the latest SAR-EUR mid-rate (see below) and the possible savings of using another provider.

 
 

SAR to EUR Market Data

Saudi riyal (SAR) to Euro (EUR) market data - latest interbank exchange rate, trend, chart & historic rates.

 
1 SAR =
0.2470We compare provider deals to this wholesale mid-market rate. Read more
EUR
+0.0%
📈2W
SAR to EUR at 0.2463 is just above its 3-month average, having traded in a very stable 3.7% range from 0.2401 to 0.2490
|
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DateSAR/EURPeriod
10 Mar 2024
0.2437
2 Week
25 Dec 2023
0.2422
3 Month
25 Mar 2023
0.2470
1 Year
26 Mar 2019
0.2365
5 Year
27 Mar 2014
0.1940
10 Year
29 Mar 2004
0.2197
20 Year
SAR/EUR historic rates
 

What are equivalent amounts of SAR and EUR?

Here are some popular conversion amounts for SAR to EUR (Saudi riyal to Euro)*.

SAR EUR
﷼ 1 0.2470
﷼ 5 1.2350
﷼ 10 2.4700
﷼ 20 4.9400
﷼ 50 12.35
﷼ 100 24.70
﷼ 250 61.75
﷼ 500 123.50
﷼ 1,000 247.00
﷼ 2,000 494.00
﷼ 5,000 1,235
﷼ 10,000 2,470
﷼ 20,000 4,940
﷼ 50,000 12,350
﷼ 100,000 24,700
SAR EUR
4.0480 € 1
20.24 € 5
40.48 € 10
80.96 € 20
202.40 € 50
404.80 € 100
1,012 € 250
2,024 € 500
4,048 € 1,000
8,096 € 2,000
20,240 € 5,000
40,480 € 10,000
80,960 € 20,000
202,400 € 50,000
404,800 € 100,000

More amounts

*Converted at the current SAREUR interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.

 
 

Forecasts for SAR to EUR

 

Recent exchange rate forecasts suggest cautious optimism for the Euro (EUR) against the US Dollar (USD), with expectations of a bullish trend. Analysts anticipate the EUR/USD pair to strengthen, potentially moving from 1.07 at the end of 2023 to 1.15 by the end of 2024. This forecast hinges on the US experiencing a slowdown, allowing the Federal Reserve to ease monetary policy, which could influence the trajectory of the Euro. Additionally, concerns about the Eurozone's economic health, particularly with regards to potential rate cuts by the European Central Bank (ECB) and the looming specter of a Eurozone recession, may impact the Euro's performance throughout the year.

Read our full review of recent SAR to EUR forecasts.

 

How to get a good SAR to EUR exchange rate

There are several ways to save on exchange rates when converting Saudi riyal to Euro:

  1. Shop around for the best SAR/EUR exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
  2. Timing is important: Keep an eye on the SAR/EUR rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
  3. Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
  4. Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both SAR and EUR at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
  5. Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.

The key is reducing excessive costs and fees

Generally speaking, if you are buying Euro with Saudi riyal, then it's better for the SAR/EUR exchange rate to be higher.

However working against you are the fees all foreign exchange providers charge for providing their service. These fees is usually contained within the exchange rate margin (or difference to the mid-rate).

The transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.

Will the Saudi riyal rise against the Euro?

It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

To help with this you can add SAR/EUR to your personalised Rate Tracker to track and benefit from currency movements.

 
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Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

Keep track of currency Trends; Up📈 or Down📉 trends over periods from 1 week (1W) to 3 months (3M).

Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending


 

Read our Currency guide to the Eurozone - a practical currency and money guide to travel, living and doing business in the Eurozone with the Euro.

 
 
 

Currency Country Guides

EurozoneEurozone (EUR)Aaland IslandsAaland Islands (EUR)AndorraAndorra (EUR)
AustriaAustria (EUR)BelgiumBelgium (EUR)CroatiaCroatia (EUR)
CyprusCyprus (EUR)EstoniaEstonia (EUR)FinlandFinland (EUR)
FranceFrance (EUR)French GuineaFrench Guinea (EUR)French Southern TerritoriesFrench Southern Territories (EUR)
GermanyGermany (EUR)GreeceGreece (EUR)GuadeloupeGuadeloupe (EUR)
Vatican CityVatican City (EUR)IrelandIreland (EUR)ItalyItaly (EUR)
LuxembourgLuxembourg (EUR)MaltaMalta (EUR)MartiniqueMartinique (EUR)
MayotteMayotte (EUR)MonacoMonaco (EUR)MontenegroMontenegro (EUR)
NetherlandsNetherlands (EUR)PortugalPortugal (EUR)ReunionReunion (EUR)
Saint BarthelemySaint Barthelemy (EUR)Saint MartinSaint Martin (EUR)Saint Pierre and MiquelonSaint Pierre and Miquelon (EUR)
San MarinoSan Marino (EUR)Saudi ArabiaSaudi Arabia (SAR)SlovakiaSlovakia (EUR)
SloveniaSlovenia (EUR)SpainSpain (EUR)
 

Which Eurozone country has the cheapest cost of living?

The cost of living varies greatly within the Eurozone, and it depends on various factors such as housing, transportation, healthcare, and taxes. However, some of the countries in the Eurozone with relatively lower cost of living include:

  • Greece: Greece has a relatively low cost of living compared to other Eurozone countries.

  • Portugal: Portugal has a lower cost of housing than in other Eurozone countries.

  • Spain: Spain also has a relatively low cost of living, particularly in the southern regions such as Andalusia and Murcia.

  • Ireland: Ireland has a relatively low cost of living, particularly in the regions outside the main cities like Dublin.

    Read more at our Eurozone (EUR) country guide

   
 
 

Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more

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