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|SAR Interbank Rate||₹19.9427|
|SAR Buying Rate||₹20.1127|
|SAR Selling Rate||₹19.7406|
|SAR Remittance Rate||₹20.4427|
Saudi Riyal is the official currency of Saudi Arabia abbreviated as SAR in the international currency exchange market. The Saudi Riyal is regulated by the Saudi Arabian Monetary Authority (SAMA). The Saudi Riyal is made up of 100 halalah or 20 ghirsh and is often represented by the symbol SR.
As is the case with most of the oil exporting nations from the middle-east region, the Saudi Arabian currency exchange system functions on a fixed rate exchange system. The Saudi Riyal is pegged to the US Dollar at about 3.75 SR.
Currency Name: Saudi Riyal
Central Bank: Saudi Arabian Monetary Authority
Freq. Denominations: SR 1, SR 5, SR 10, SR 20, SR 50, SR 100, SR 500
Coins Used: 5, 10, 25, 50 Halalah, 1, 2 Saudi riyal
Top SAR Conversions:
SAR to USD
SAR to INR Chart
After its creation in 1932, Saudi Arabia started with a bimetallic monetary system based on the british gold sovereign and silver riyals. However, in 1952, the monetary system was reformed to a single currency system which was backed by the british gold sovereign.
It was only in 1959, when Saudi Arabia moved to the fiat currency system which was issued by the Saudi Arabian Monetary Authority.
You can buy/ sell Saudi Riyal or convert SAR to INR in India by simply following the steps mentioned below:
Step 1: Search online “Best Saudi Riyal Rates Near Me” and compare the currency conversion rates and charges of various platforms.
Step 2: In case you find BookMyForex rates most competitive, just visit BookMyForex.Com and enter the currency and the amount that you want to exchange or simply call at 9212219191
Step 3: Upload necessary travel documents as mandated by the central bank of India which includes your Passport, Visa, Air Ticket and PAN card details
Step 4: Select your payment option and get your foreign exchange delivered to your home with the doorstep delivery facility of BookMyForex
Also Read: How to Convert SAR to INR Online in India?
You can buy/sell Saudi Riyal in India from various places include banks and other RBI authorized local money changers or online marketplaces such as BookMyForex.
In case you want to avoid multiple branch visits to the banks and end up paying higher currency conversion charges, it is better that you place your foreign exchange order from currency exchange aggregators such as BookMyForex which first compares the exchange rates in your neighbourhood through 100s of money changers via its digitally enabled platform and provide you with the best rates.
BookMyForex was established in 2012 with the mission of bringing total transparency in the currency exchange market and provide a seamless experience to the people looking for currency exchange and forex related services in India. Apart from currency exchange services, BookMyForex also deals with forex card issuance, loading/unloading of the prepaid travel card. Traveller’s cheque and international remittance related services.
This is the rate that will apply when you sell Saudi Riyal currency on BookMyForex.com. The amount of INR (Indian Rupees) you'll recieve will be as shown below
Conversion is calculated using the highest SAR-INR Selling rate across India. To see the most accurate rate select the city in the drop down above
This is the rate that will apply when you buy Saudi Riyal currency on BookMyForex.com. The amount of INR (Indian Rupees) you'll recieve will be as shown below
Conversion is calculated using the highest SAR-INR Buying rate across India. To see the most accurate rate select the city in the drop down above
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