What is the best Send Money conversion rate for USD to SAR?
The best USD to SAR exchange rate is 3.7331 from Wise. This is -0.65% compared to the mid-market rate 3.7575.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare US dollar (USD) to Saudi riyal (SAR) rates from different sources before making a conversion.
How do USD-SAR rates compare between providers?
Looking at our comparison table the best USD to SAR exchange rate is 3.7331 from Wise, -0.65% from the mid-market rate 3.7575. The next best rate is 3.6673 from WorldRemit, -2.4% from the mid-rate. WorldRemit with 3.6673 is -2.4% from the mid-rate.
The Western Union rate is 3.6974 which is -1.6% from the mid-rate.
Among the banks, the Citibank rate is 3.5768 at -4.8%, the Chase Bank rate is 3.4265 at -8.8%, and the Wells Fargo Bank rate is 3.404 at -9.4% from the mid-rate.
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 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 USD-SAR mid-rate (see Market Data below ) and the possible savings of using various providers.