Money Transfer - What We Do
We exchange currencies at the best rate and make international payments and money transfers simple.
We save you time and money by offering the best rates, zero commission and no fees. Online and anytime, 24/7.
How It Works
See how easy it is by viewing our 45 second demo.
What's New
FTT statement on Crown Currency liquidation.read more... Choose the target rate for your currency exchange.read more... FTT underwritten by A-rated insurer to £1M per claim.read more... Euro, US and Canadian same day payments.read more... NY listed broker partners with FTT.read more...Saudi Riyal (SAR) Money Transfer Information
The Saudi Riyal (SAR) is the currency of Saudi Arabia. It is subdivided into 100 halala. In June 1986, the Saudi Riyal was officially pegged to the IMF's Special Drawing Rights (SDRs). In practice, it is fixed to the US Dollar.
Whilst there are no restrictions moving money into or out of Saudi
Arabia, there are some Banks that will not send international payments
in Saudi Riyal. They will insist upon converting Saudi Riyal locally
into another currency, such as US Dollars, before making an
international transfer. This is an expensive option.
Live Saudi Riyal (SAR) Currency Quote For Your Money Transfer
Real rates, no surprises. Don't be fooled by currency converters on other sites. They give you non-tradable rates just to get your attention. Use the tool below to get the best currency exchange rate from FTT for your Saudi Riyal conversion and international payment or money transfer. The tool can be used to get the best currency exchange rate for buying Saudi Riyals or selling Saudi Riyals.
Money Transfers into Saudi Arabia
Money Transfers into Saudi Arabia in Saudi Riyals are easy to process. Payments can be made within 2 days using an advanced payment provider such as FTT.
Payments will need a SWIFT/BIC code which is a unique code for the bank where the destination account is held. The SWIFT/BIC ID consists of between 8 and 11 capital letters and numbers.
Money Transfers out of Saudi Arabia
Money Transfers out of Saudi Arabia in Saudi Riyals require some careful planning. If you send the payment directly to another bank account which is not denominated in Saudi Riyals then the bank holding the account will charge you several percent to convert the currency. The best way to avoid this charge is to use FTT Currency as we hold a Saudi Riyal account. This way your funds can leave Saudi Arabia as Riyals and be converted at beneficial exchange rates to the currency of your choice.
In addition, payments out of Saudi Arabia in Saudir Riyals will be dependent upon your Bank, as some Banks will not transfer Saudi Riyals internationally. In this case, you may need to change your Bank to one that allows international transfers in Saudi Riyals.
Why FTT Currency for Saudi Riyal Money Transfers?
FTT Currency are experts at exchanging and transferring Saudi Riyals. We save you up to 90% of the cost of sending Saudi Riyals overseas and save you time because everything is online. In a few minutes you can send your first payment. Your funds are processed through protected client accounts at Barclays Bank and are fully insured against fraud or negligence by an 'A' rated insurer.
Latest Saudi Riyal News
Yesterday's Trading (03-Feb-2012)
GBP/SAR - closing market price was 5.9304 with a low of 5.9056 and a high of 5.9492.
USD/SAR - closing market price was 3.7501 with a low of 3.7451 and a high of 3.7551.
EUR/SAR - closing market price was 4.9343 with a low of 4.9000 and a high of 4.9590.
