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Understanding the Table:
The comparison table above helps you see the total cost of your currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
Sending money to Saudi Arabia can be an expensive business, more so if you aren’t even aware of all the hidden fees. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate.
Using your Bank to make international wire transfers to India can be especially expensive – often 5% to 10% worse than using a foreign exchange specialist to send to Saudi Arabia bank accounts or pay a Saudi riyal invoice.
Euro (EUR) to Saudi riyal (SAR) market data - latest interbank exchange rate, trend, chart & historic rates.
EUR/SAR Outlook: The outlook is slightly positive, but likely to move sideways as the euro is above its recent average but lacks a clear driver for sustained gains.
EUR/USD Outlook: The outlook for EUR/USD is bullish, as the rate is currently above its recent average and near recent highs, supported by strong economic indicators.
EUR/JPY Outlook: Slightly positive, but likely to move sideways as the rate is above its recent average but lacks a clear driver for further gains.
To help you understand the real-world value of the current exchange rate, the table below shows how much Euro are worth in Saudi riyal across a range of amounts.
This gives a quick view of what you’d get when converting different EUR amounts at today’s rate * :
*Converted at the current EUR-SAR interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The best EUR to SAR exchange rate is 4.3874 from Wise. This is -1.1% compared to the mid-market rate 4.4346.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully 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 by banks and other foreign exchange providers against the latest EUR-SAR mid-rate and the possible savings of using various providers.
Looking at the full EUR to SAR - Send Money comparison table the provider with the best EUR to SAR exchange rate is Wise at 4.3874, -1.1% from the latest mid-market rate 4.4346.
The next best is Western Union at 4.3681, -1.5% from the mid-rate.
Then OFX at 4.2882, which is -3.3% from the mid-rate.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.
View a full list of exchange rates by selecting your Base (from) currency:
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