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Understanding the Table:
The comparison table above helps you see the total cost of your OFX 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’.
The average CAD rate margin offered by OFX is 3.4%.
This average is based on individual CAD 10K transfer rates in the currency pairs from OFX that we monitor.
💡 It is important to note that these OFX rates are their public quoted rates and do not include our special BER/OFX deals rates which start at 0.5% for major currencies and improve for larger amounts. Please use our calculators to check these special rates and use our 'Visit OFX' links to secure these deals.
The tables below show the best and worst exchange rate margins offered by OFX for Canadian dollar (CAD 10K) transactions. Margins show the percentage difference from the mid-market rate.
Canadian dollar (CAD) to Saudi riyal (SAR) market data - latest interbank exchange rate, trend, chart & historic rates.
CAD/USD Outlook: The Canadian dollar is likely to increase, as it is trading significantly above its recent average and near recent highs, supported by rising oil prices.
CAD/EUR Outlook: Slightly positive, but likely to move sideways as the rate hovers around its 90-day average and is impacted by mixed drivers.
CAD/JPY Outlook: Slightly positive, but likely to move sideways, given its position just above the 90-day average and within the mid-range of its recent trading.
To help you understand the real-world value of the current exchange rate, the table below shows how much Canadian dollar are worth in Saudi riyal across a range of amounts.
This gives a quick view of what you’d get when converting different CAD amounts at today’s rate * :
*Converted at the current CAD-SAR interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The OFX CAD to SAR exchange rate is 2.7042. This is -2.7% compared to the latest CAD-SAR mid-market rate 2.7805.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Canadian dollar (CAD) to Saudi riyal (SAR) rates from different sources before making a conversion.
The above OFX - Loonie to Riyal comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by OFX and other foreign exchange providers against the latest CAD-SAR mid-rate and the possible savings of using various providers.
Looking at the full CAD to SAR - Send Money comparison table the provider with the best CAD to SAR exchange rate is Western Union at 2.736, -1.6% from the latest mid-market rate 2.7805.
The next best is Wise at 2.7184, -2.2% from the mid-rate.
Then OFX at 2.7042, which is -2.7% from the mid-rate.
Among the banks the TD Bank rate is 2.5009 at -10.1% the Scotiabank rate is 2.6795 at -3.6% and the Royal Bank of Canada rate is 2.7047 at -2.7% compared to the mid-rate 2.7805.
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 like OFX or platforms that offer rates closer to the mid-market rate.
View a full list of exchange rates by selecting your Base (from) currency:
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