Making International Money Transfers in Saudi Riyal
FTT Global offers you a competitive live exchange rate that is better than your bank’s rate to help save you money on your international payments. Plus, we offer a simple, speedy online service and our expert, friendly support team is here for you 24/7 should you need any help. Register for your free FTT account today and transfer money instantly.
Sign ر.س / Code SAR
Do you need to transfer Saudi Riyal between accounts or make or receive Saudi Riyal payments? We can help save time and money by offering you a competitive live rate.
About the Saudi Riyal
The Saudi Riyal (SAR) is the official currency of Saudi Arabia. Prior to the creation of Saudi Arabia in 1932, the Saudi Riyal was the currency of Hejaz. Upon the establishment of Saudi Arabia, a common currency was established to help form the new country and stabilise the monetary units.
In 1952 Saudi Arabia’s first banknotes were issued in the face value of 10 Riyals. Later banknotes were issued in face values of 1 and 5 riyals. The second issue of banknotes was issued between 1956-1957 in face values of 100, 50, 10, 5 and 1 Riyal to be used as currency notes. These were put into circulation in 1967. The third and fourth series of banknotes entered circulation around 1976 and 1984 and are still in use today.
In May 2007, the Saudi Arabian Monetary Agency announced the fifth domination of the SAR that features King Abdullah Bin Abdulaziz’s picture on all the notes except the 500 riyal, which still features King Abdulaziz Al Saud. This new series are equipped with the latest and most advanced security system to prevent from counterfeiting and other similar activities, however it is the fourth series which feature King Fahad’s picture which still remain the legal tender under the Saudi Arabian monetary law.
The Riyal is also the currency term given to various countries lying in the Arabian Peninsula consisting of Iran, Saudi Arabia, Oman, Qatar and Yemen.
- The Saudi Riyal is subdivided into 100 Halalas, with coins issued in denominations of 5, 10, 25, 50 and 100 Halala
- The banknotes in denominations of 1, 5, 10, 20, 50, 100, 200 and 500 riyal.
- The most popular Saudi Riyal exchange rate is the INR to SAR rate.
Our most popular SAR Money Transfers
At FTT Global we accommodate international money transfers in over 30 different foreign currencies. The Saudi Riyal is one of our most popular currency exchanges with the following transfers accounting for many of these trades.
- Saudi Riyal to Pounds Sterling
- Saudi Riyal to USA Dollar
- Saudi Riyal to Euro
- Saudi Riyal to Japanese Yen
- Saudi Riyal to Thai Baht
- Saudi Riyal to Canadian Dollar
- Saudi Riyal to Singapore Dollar
- Saudi Riyal to New Zealand Dollar
- Saudi Riyal to Philippine Peso
- Saudi Riyal to Indian Rupees