Royal Bank of Scotland GBP to SAR Transfers Compared

   

GBP/SAR update: Despite a small GDP growth of 0.3% in Q2, rate cuts by the BoE and rising unemployment may weigh on the pound's value. Analysts suggest an 80% chance of another rate cut by December, impacting forex rates. Monitor UK economic data closely for future moves

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What is the Royal Bank of Scotland Send Money conversion rate for GBP to SAR?

The Royal Bank of Scotland GBP to SAR exchange rate is 4.7566. This is -6.5% compared to the latest GBP-SAR mid-market rate 5.0879.

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

How do Royal Bank of Scotland 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 Wise at 5.065, -0.45% from the latest mid-market rate 5.0879.

The next best is Currencies Direct at 5.0472, -0.8% from the mid-rate.

Then Western Union at 5.0116, which is -1.5% from the mid-rate.

Among the banks the Lloyds Bank rate is 4.7261 at -7.1% the Royal Bank of Scotland rate is 4.7566 at -6.5% and the Barclays Bank rate is 4.9098 at -3.5% compared to the mid-rate 5.0879.

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