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    Best CAD to SAR Exchange Rates

    The best CAD to SAR rate is 2.7793, and is the current mid-market exchange rate. We help you compare Canadian dollar to Saudi riyal rates and costs to this live market rate.

    In this loonie to riyal (CAD/SAR) rate guide:

    Compare exchange rates - CAD to SAR

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

    The below Rate Comparison Table makes it easy to compare the Total Cost you are being charged on loonie to riyal currency rates and the possible savings of using various providers.


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    CAD to SAR Market Data

    Canadian dollar (CAD) to Saudi riyal (SAR) market data - latest interbank mid-rate, trend, chart & historic rates.

    1 CAD =
    2.7793We compare provider deals to this wholesale mid-market rate. Read more
    CAD to SAR is at 30-day highs near 2.7730, just 0.9% above its 3-month average of 2.7489, having traded in a very stable 3.3% range from 2.7009 to 2.7893
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      1 SAR = 0.3598 CAD
    30-DAY HIGH
    16 Nov 2023
    1.4% 2 Week
    01 Sep 2023
    0.1% 3 Month
    30 Nov 2022
    1.3% 1 Year
    01 Dec 2018
    2% 5 Year
    02 Dec 2013
    21.6% 10 Year
    05 Dec 2003
    3.8% 20 Year
    CAD/SAR historic rates & change to 30-Nov-2023

    Forecasts for CAD to SAR

    30-DAY HIGH

    According to recent exchange rate forecasts and currency market updates, FX analysts expect the Canadian dollar (CAD) to Saudi Arabian riyal (SAR) exchange rate to remain relatively stable in the near term. The CAD has been influenced by the risk-on and risk-off sentiment in financial markets, rather than the underlying fundamentals of the US and Canadian economies. The ongoing decline in housing prices in Canada could exert further downward pressure on the CAD. Canada's significant oil exports, with the US being its largest market, have the potential to impact the CAD, especially with any significant movements in oil prices.

    Read our full CAD to SAR forecasts analysis

    SAR and flag

    How to get a good CAD to SAR exchange rate

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

    1. Shop around for the best CAD/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 CAD/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 CAD 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 Canadian dollar, then it's better for the CAD/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 Canadian dollar 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 CAD/SAR to your personalised BER Smart Rate Tracker to track and benefit from currency movements.

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    Rather than requiring you to set a target rate, our FX Alerts work differently. Once you add a currency pair for tracking in your watchlist we can select to be notified daily for any UP DOWN HIGH LOW alerts over a range of periods over the recent 90 days.

    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.


    Country Currency Guides

    CanadaCanada (CAD)Saudi ArabiaSaudi Arabia (SAR)

    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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