What is the best Send Money conversion rate for SGD to SAR?
The best SGD to SAR exchange rate is 2.8333 from Wise. This is -0.6% compared to the mid-market rate 2.8504.
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.
How do SGD-SAR rates compare between providers?
Looking at our comparison table the best SGD to SAR exchange rate is 2.8333 from Wise, -0.6% from the mid-market rate 2.8504. The next best rate is 2.8219 from WorldRemit, -1% from the mid-rate. Then OFX with 2.7559 is -3.3% from the mid-rate.
Among the banks, the CIMB Bank rate is 2.7017 at -5.2%, the OCBC Bank rate is 2.7735 at -2.7%, and the Maybank rate is 2.7507 at -3.5% compared to the mid-rate 2.8504.
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 or platforms that offer rates closer to the mid-market rate.
The Singapore dollar to Riyal comparison table above makes it easy to compare the Total Fees (both variable and fixed) you are being charged by banks and other foreign exchange providers against the latest SGD-SAR mid-rate (see Market Data below ) and the possible savings of using various providers.
