OCBC Bank SGD to SAR Transfers Compared

       

What is the OCBC Bank Send Money conversion rate for SGD to SAR?

The OCBC Bank SGD to SAR exchange rate is 2.8103. This is -2.7% compared to the latest SGD-SAR mid-market rate 2.8882.

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

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

How do OCBC Bank SGD-SAR rates compare between providers?

Looking at the full SGD to SAR - Send Money comparison table the provider with the best SGD to SAR exchange rate is Wise at 2.8675, -0.72% from the latest mid-market rate 2.8882.

The next best is WorldRemit at 2.8594, -1% from the mid-rate.

Then OFX at 2.8095, which is -2.7% from the mid-rate.

Among the banks the CIMB Bank rate is 2.742 at -5.1% the OCBC Bank rate is 2.8103 at -2.7% and the Maybank rate is 2.7872 at -3.5% compared to the mid-rate 2.8882.

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