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CIMB Bank GBP to SAR Exchange Rates & Currency Deals

GBP-SAR Rate Calculator

 
 
   

Understanding the Table:

The comparison table above helps you see the total cost of your CIMB Bank 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’.

 
 
 

Receiving an international wire transfer at CIMB Bank

When receiving an international wire transfer at CIMB Bank, you will typically need to provide specific bank codes to ensure the smooth processing of the transaction. Here are the commonly used bank codes for CIMB Bank:

  1. SWIFT Code: The SWIFT (Society for Worldwide Interbank Financial Telecommunication) code for CIMB Bank is CIBBMYKL. This code is used to identify CIMB Bank as the recipient bank in international wire transfers. You or the sender will need to provide this code to ensure the transfer reaches CIMB Bank correctly.

  2. Bank/Branch Code: CIMB Bank also uses a bank and branch code system for domestic transfers within Malaysia. However, for international wire transfers, the SWIFT code mentioned above is the primary code required. The bank/branch code is not typically necessary for international transfers.

  3. Account Number: In addition to the bank codes, you will need to provide your CIMB Bank account number. This account number ensures that the funds are credited to the correct account within CIMB Bank.

When receiving an international wire transfer, it is crucial to provide accurate and complete information to the sender, including your full name, bank account number, and the CIMB Bank SWIFT code (CIBBMYKL). Additionally, it is recommended to communicate with CIMB Bank directly or visit their website to obtain the most up-to-date and accurate information regarding the bank codes required for receiving international wire transfers.

 
   

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

The CIMB Bank GBP to SAR exchange rate is 4.7848. This is -6.3% compared to the latest GBP-SAR mid-market rate 5.1054.

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

How do CIMB 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 Western Union at 5.0289, -1.5% from the latest mid-market rate 5.1054.

The next best is Wise at 5.0182, -1.7% from the mid-rate.

Then OFX at 4.9828, which is -2.4% from the mid-rate.

Among the banks the Lloyds Bank rate is 4.6878 at -8.2% the Royal Bank of Scotland rate is 4.7184 at -7.6% and the Barclays Bank rate is 4.7815 at -6.3% compared to the mid-rate 5.1054.

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

 

Compare GBP to SAR Transfer Rates

   

View a full list of exchange rates by selecting your Base (from) currency: