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    Scotiabank CAD to SAR Exchange Rates

    Compare & Save - Scotiabank Canadian dollar to Saudi riyal exchange rates. Latest loonie→riyal analysis and review of forecasts.

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    Scotiabank Compare & Save - Canadian dollar to Saudi riyal

    Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Canadian dollar (CAD) to Saudi riyal (SAR) rates from different sources before making a conversion.

    The above Scotiabank Rate Calculator and Comparison Table makes it easy to compare the Total Cost you are being charged on Scotiabank loonie to riyal currency rates and the possible savings of using various providers.

    In this loonie to riyal (CAD/SAR) rate guide:


    Scotiabank at a glance

    Scotiabank is a Canadian multinational bank and a leading financial institution in North and South America. The bank offers a wide range of financial products and services to individuals, businesses, and institutions, including banking, investment, and insurance services.

    One of the financial products offered by Scotiabank is wire transfers. Wire transfers are a secure and fast way to transfer funds between banks in different countries. With Scotiabank wire transfers, you can send money to over 100 countries in a variety of currencies.

    When you get a quote for your Wire Transfer from Scotiabank on their website or in-app, you can also see the Scotiabank exchange rate, but it can be difficult to then calculate how much markup from the market rate you are being charged.

    Our research shows that on average, Scotiabank profit margin for foreign exchange rates is somewhere between 3 - 8%, depending on the amount you're sending, where you're sending it to and which currency will be received.

    While all banks in Canada charge this markup, the extra amount being charged is much higher than it would be with a global money transfer specialist.


    Multi-Vendor Quote

    We can help you get an even better deal when sending a Large International Money Transfer.

    Click below for the Request Quotes form and enter your transfer details (BER account required).

    Request Quotes

    Save time and money - fewer websites to visit and you get a much better exchange rate & service.


    CAD to SAR Market Data

    Canadian dollar (CAD) to Saudi riyal (SAR) market data - latest interbank mid-rate, trend, chart & historic rates.

    1 CAD =
    2.7828We compare provider deals to this wholesale mid-market rate. Read more
    CAD to SAR at 2.7818 is just 0.7% below its 3-month average of 2.8016, having traded in a quite stable 4.4% range from 2.7407 to 2.8613
    Sell CAD   →   Buy SAR
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      1 SAR = 0.3593 CAD
    07 Sep 2023
    1.5% 2 Week
    23 Jun 2023
    2% 3 Month
    21 Sep 2022
    0.3% 1 Year
    22 Sep 2018
    4.1% 5 Year
    23 Sep 2013
    23.6% 10 Year
    26 Sep 2003
    0.5% 20 Year
    CAD/SAR historic rates & change to 21-Sep-2023

    Forecasts for CAD to SAR


    According to recent currency market updates and analyst forecasts, the Canadian Dollar (CAD) has been propped up by oil prices, which have remained strong despite market volatility. The CAD has a positive correlation with the US Dollar, and without any major economic data in sight, the movement of oil prices and the overall market sentiment are expected to influence the 'Loonie'. It is worth noting that the CAD has struggled against the USD due to risk-on and risk-off environments in financial markets, rather than intrinsic factors within the US and Canadian economies. The Canadian Dollar may face additional downward pressure in 2023 due to continued housing price declines and adverse wealth effects.

    Read our full CAD to SAR forecasts analysis

    SAR and flag

    How to get a good CAD to SAR exchange rate

    There are several ways to save on exchange rates when converting Canadian dollar to Saudi riyal:

    1. Shop around for the best CAD/SAR exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
    2. Timing is important: Keep an eye on the CAD/SAR rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
    3. Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
    4. Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both CAD and SAR at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
    5. Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.

    The key is reducing excessive costs and fees

    Generally speaking, if you are buying Saudi riyal with Canadian dollar, then it's better for the CAD/SAR exchange rate to be higher.

    However working against you are the fees all foreign exchange providers charge for providing their service. These fees is usually contained within the exchange rate margin (or difference to the mid-rate).

    The transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

    Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

    It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.

    Will the Canadian dollar rise against the Saudi riyal?

    It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

    To help with this you can add CAD/SAR to your personalised BER Smart Rate Tracker to track and benefit from currency movements.

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    Rather than requiring you to set a target rate, our FX Alerts work differently. Once you add a currency pair for tracking in your watchlist we can select to be notified daily for any UP DOWN HIGH LOW alerts over a range of periods over the recent 90 days.

    Read our Currency guide to Saudi Arabia - a practical currency and money guide to travel, living and doing business in Saudi Arabia with the Saudi riyal.


    Country Currency Guides

    CanadaCanada (CAD)Saudi ArabiaSaudi Arabia (SAR)

    Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more

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