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Understanding the Table:
The comparison table above helps you see the total cost of your 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’.
Sending money to Saudi Arabia can be an expensive business, more so if you aren’t even aware of all the hidden fees. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate.
Using your Bank to make international wire transfers to India can be especially expensive – often 5% to 10% worse than using a foreign exchange specialist to send to Saudi Arabia bank accounts or pay a Saudi riyal invoice.
Singapore dollar (SGD) to Saudi riyal (SAR) market data - latest interbank exchange rate, trend, chart & historic rates.
SGD/SAR Outlook: The SGD/SAR exchange rate is slightly positive but likely to move sideways as it is currently above its recent average but lacks a...
SGD/USD Outlook: The SGD/USD exchange rate is slightly positive but likely to move sideways as it currently trades above its recent average, although...
SGD/EUR Outlook: The SGD is currently trading above its recent average and near recent highs, suggesting a slightly positive outlook.
To help you understand the real-world value of the current exchange rate, the table below shows how much Singapore dollar are worth in Saudi riyal across a range of amounts.
This gives a quick view of what you’d get when converting different SGD amounts at today’s rate * :
*Converted at the current SGD-SAR interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The best SGD to SAR exchange rate is 2.9019 from Wise. This is -2.1% compared to the mid-market rate 2.9633.
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.
The above Singapore dollar to Riyal comparison table 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 and the possible savings of using various providers.
Looking at the full SGD to SAR - Send Money comparison table the provider with the best SGD to SAR exchange rate is Wise at 2.9019, -2.1% from the latest mid-market rate 2.9633.
The next best is OFX at 2.8825, -2.7% from the mid-rate.
Among the banks the CIMB Bank rate is 2.7406 at -7.5% the OCBC Bank rate is 2.8833 at -2.7% and the Maybank rate is 2.8595 at -3.5% compared to the mid-rate 2.9633.
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.
View a full list of exchange rates by selecting your Base (from) currency:
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