GBP/SAR is feeling the heat, currently at 4.9351, approx. 1.7% below its 3-month avg. Disappointing UK GDP growth (0.1%) and upcoming budget concerns are driving a bearish outlook. Experts warn that ongoing uncertainties may inflate costs for GBP to SAR transactions

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What is the Barclays Bank Send Money conversion rate for GBP to SAR?

The Barclays Bank GBP to SAR exchange rate is 4.7031. This is -4.7% compared to the latest GBP-SAR mid-market rate 4.9350.

As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare British pound (GBP) to Saudi riyal (SAR) rates from different sources before making a conversion.

The above Barclays Bank - Sterling to Riyal comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Barclays Bank and other foreign exchange providers against the latest GBP-SAR mid-rate and the possible savings of using various providers. 

How do Barclays Bank GBP-SAR rates compare between providers?

Looking at the full GBP to SAR - Send Money comparison table the provider with the best GBP to SAR exchange rate is Wise at 4.8936, -0.84% from the latest mid-market rate 4.9350.

The next best is Western Union at 4.8609, -1.5% from the mid-rate.

Then OFX at 4.7818, which is -3.1% from the mid-rate.

Among the banks the Lloyds Bank rate is 4.6943 at -4.9% the Royal Bank of Scotland rate is 4.7239 at -4.3% and the Barclays Bank rate is 4.7031 at -4.7% compared to the mid-rate 4.9350.

It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like Barclays Bank 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.