The Saudi Riyal (SAR) is pegged to the American Dollar (USD) at a rate of SHORTCODE REQUIRED ATTRIBUTES MISSING: base, symbol SAR per USD. This currency conversion rate has stood for some time, and is likely to remain the case for the foreseeable future, barring any unforeseen circumstances. The SAR reached a high of 3.7610 SAR per USD and a low of 3.7501 SAR per USD during the last 90 days. The average exchange rate for the last 90 days was 3.7525 SAR per USD.
If you are concerned about fluctuations in currency conversion rates, you will likely find it more useful to study the history and dynamics of the USD.
The fastest way to send money online is through the fast option offered by Western Union. With Western Union’s faster option, your money should reach its Saudi destination in a matter of minutes. The service is also fairly ubiquitous, meaning that you can use Western Union from almost any country.
The main downside to Western Union is that it’s expensive. If you are using their fast option, you are paying far more than the average money-transfer service.
The cheapest way to send funds is through an OFX bank transfer. OFX is the cheapest option because they offer the lowest currency conversion fees of all the major money transfer services. With OFX, you need to send a minimum amount that is higher than the competition. The good part is that the more money you send at once, the cheaper OFX becomes. Even if you only send the minimum transfer amount, OFX is cheap.
Once you set up your OFX account and connect it with the recipient’s bank account, it is both a cheap and easy service to use.
The easiest way to transfer money online is through OFX. Setting up an account and connecting with the recipient can be a bit of a hurdle, but once that is done OFX is very easy to use. Regular customers report that the cheap service also uses intuitive interfaces which make sending money a breeze.
The overall best way to send funds online is using OFX. OFX makes sending money online extremely easy and extremely cheap. For these simple reasons, OFX is the overall best way to transfer funds.
Jonathan is the founder and editor of MoneyTransfers.com. Jonathan is highly experienced in the currency transfer market, having previously worked in the FX trading industry, alongside being an avid traveller. Using his knowledge he identified a need for transparency and further education to help people save money on their money transfers, leading to the creation of MoneyTransfers.com