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Best EUR to SAR Exchange Rates Compared Live

The best EUR to SAR exchange rate is 4.0470. Compare foreign transfer and currency exchange rates, find better rates & deals.

EUR-SAR Best Exchange Rate Calculator
 

Comparing EUR-SAR exchange rates

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

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

 

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EUR to SAR Market Data

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

 
1 EUR =
4.0470We compare provider deals to this wholesale mid-market rate. Read more
SAR
-0.1%
📉2W
EUR to SAR at 4.0570 is just 0.5% below its 3-month average of 4.0771, having traded in a very stable 3.7% range from 4.0155 to 4.1649
|
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DateEUR/SARChangePeriod
13 Mar 2024
4.1079
1.1% â–¼2 Week
28 Dec 2023
4.1502
2.1% â–¼3 Month
28 Mar 2023
4.0706
0.2% â–¼1 Year
29 Mar 2019
4.2089
3.5% â–¼5 Year
30 Mar 2014
5.1572
21.3% â–¼10 Year
01 Apr 2004
4.6313
12.3% â–¼20 Year
EUR/SAR historic rates & change to 27-Mar-2024
 

What are equivalent amounts of EUR and SAR?

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

EUR SAR
€ 1 4.0470
€ 5 20.24
€ 10 40.47
€ 20 80.94
€ 50 202.35
€ 100 404.70
€ 250 1,012
€ 500 2,024
€ 1,000 4,047
€ 2,000 8,094
€ 5,000 20,235
€ 10,000 40,470
€ 20,000 80,940
€ 50,000 202,350
€ 100,000 404,700
EUR SAR
0.2471 ﷼ 1
1.2355 ﷼ 5
2.4710 ﷼ 10
4.9420 ﷼ 20
12.36 ﷼ 50
24.71 ﷼ 100
61.78 ﷼ 250
123.55 ﷼ 500
247.10 ﷼ 1,000
494.20 ﷼ 2,000
1,236 ﷼ 5,000
2,471 ﷼ 10,000
4,942 ﷼ 20,000
12,355 ﷼ 50,000
24,710 ﷼ 100,000

More amounts

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

 
 

Forecasts for EUR to SAR

 

The Euro (EUR) has been under pressure due to expectations of a European Central Bank (ECB) interest rate cut, coupled with its negative correlation with the US Dollar (USD). Despite a stronger-than-expected pickup in German business sentiment, the Euro has struggled to gain traction against these headwinds. FX analysts suggest that growing bets on an April interest rate cut could continue to weigh on the Euro in the near term. Looking ahead, the forecast for the EUR/USD pair remains cautiously optimistic for 2024, with a potential bullish trend seen by the end of the year, moving from 1.07 to 1.15 driven by potential US economic slowdown and corresponding monetary policy actions from the Federal Reserve and ECB.

Read our full review of recent EUR to SAR forecasts.

 

How to get a good EUR to SAR exchange rate

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

  1. Shop around for the best EUR/SAR 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 EUR/SAR 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 EUR and SAR 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 Saudi riyal with Euro, then it's better for the EUR/SAR 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 Euro rise against the Saudi riyal?

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 EUR/SAR 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).

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

 
 
 

Currency Country Guides

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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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