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’.
SAR to EUR Market Data
Saudi riyal (SAR) to Euro (EUR) market data - latest interbank exchange rate, trend, chart & historic rates.
Is the SAR to EUR Exchange Rate Likely to Improve?
Predicting exchange rate movements is always challenging, as they’re influenced by a wide range of economic and geopolitical factors. One useful way to assess the current value of the Saudi riyal against the Euro is to review how the SAR/EUR rate has changed over time.
The table below shows the percentage change in the SAR to EUR exchange rate across various timeframes—from the past 2 weeks to the last 20 years:
Recent forecasts concerning the USD to EUR exchange rate indicate a bearish outlook for the US dollar (USD) while the euro (EUR) experiences limited strength.
The current market bias for the EUR/SAR exchange rate is range-bound. Key drivers include the European Central Bank's steady interest rates and stable oil prices impacting the Saudi riyal. With positive consumer confidence in Germany, the euro remains supported, but geopolitical risks could push it lower. Expect EUR/SAR to trade within a stable range. A spike in oil prices might strengthen the riyal, while negative economic data from Europe poses a downside threat.
In recent trading, the EUR/SAR has been hovering around current levels, reflecting market resilience.
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EUR/SAR is range-bound as the ECB holds rates steady and oil prices stay stable. Germany's consumer confidence offers slight support. Watch for potential volatility from oil price fluctuations or geopolitical tensions that could impact the euro's value
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SAR to EUR Conversion: What Is Your Money Worth?
To help you understand the real-world value of the current exchange rate, the table below shows how much Saudi riyal are worth in Euro across a range of amounts.
This gives a quick view of what you’d get when converting different SAR amounts at today’s rate * :
What is the
best Send Money conversion rate for SAR to EUR?
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 Euro (EUR) rates from different sources before making a conversion.
The above
Riyal to Euro 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 SAR-EUR mid-rate and the possible savings of using various providers.
How do SAR-EUR rates compare between providers?
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.