What is the best Send Money conversion rate for GBP to SAR?
The best GBP to SAR exchange rate is 4.5824 from Wise. This is -0.7% compared to the mid-market rate 4.6147.
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.
How do GBP-SAR rates compare between providers?
Looking at our comparison table the best GBP to SAR exchange rate is 4.5824 from Wise, -0.7% from the mid-market rate 4.6147. The next best rate is 4.5778 from Currencies Direct, -0.8% from the mid-rate. OFX with 4.4727 is -3.1% from the mid-rate.
The Western Union rate is 4.5455 which is -1.5% from the mid-rate.
Among the banks, the Lloyds Bank rate is 4.2973 at -6.9%, the Royal Bank of Scotland rate is 4.325 at -6.3%, and the Barclays Bank rate is 4.4532 at -3.5% 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.
The Sterling 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 GBP-SAR mid-rate (see Market Data below ) and the possible savings of using various providers.