What is the best Send Money conversion rate for AED to SAR?
The best AED to SAR exchange rate is 1.0114 from WorldRemit. This is -1% compared to the mid-market rate 1.0216.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare United Arab Emirates dirham (AED) to Saudi riyal (SAR) rates from different sources before making a conversion.
How do AED-SAR rates compare between providers?
Looking at our comparison table the best AED to SAR exchange rate is 1.0114 from WorldRemit, -1% from the mid-market rate 1.0216. The next best rate is 0.9857 from Wise, -3.5% from the mid-rate.
Among the banks, the First Abu Dhabi Bank rate is 0.9542 at -6.6%, the HSBC rate is 0.9654 at -5.5%, and the Citibank rate is 0.9695 at -5.1% compared to the mid-rate 1.0216.
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.
The United Arab Emirates dirham to Riyal comparison table above 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 AED-SAR mid-rate (see Market Data below ) and the possible savings of using various providers.
