Understanding the Table:
The comparison table above helps you see the total cost of your HSBC 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 details and click ‘Get Rates’.
The HSBC SAR to INR exchange rate is 22.03. This is -3.7% compared to the latest SAR-INR mid-market rate 22.88.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Saudi riyal (SAR) to Indian rupee (INR) rates from different sources before making a conversion.
The above HSBC - Riyal to Rupee comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by HSBC and other foreign exchange providers against the latest SAR-INR mid-rate and the possible savings of using various providers.
Looking at the full comparison table the best SAR to INR exchange rate is 22.44 from WorldRemit, -1.9% from the mid-market rate 22.88.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like HSBC 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.
View a full list of exchange rates by selecting your Base (from) currency: