all saudi bank exchange rate today india

However, in 1952, the country moved towards a single currency, the Saudi Riyal, which was backed by Saudi gold guineas. The new country used the bimetallic monetary system of British gold sovereigns and silver Riyals. Saudi Arabia was formed by combining the Kingdom of Hejaz and the Sultanate of Nejd in 1932. Read more about Saudi Riyal and its conversion to INR. Each Riyal is further subdivided into 100 Halala, and the most frequently used denominations are 5, 10, 25, 50, and 100 Halala. The most frequently used bank notes are 1, 5, 10, 20, 50, 100, and 500 Saudi Riyals. Saudi Arabia's official currency is the Saudi Riyal, and its symbol is SAR. The abundance of oil fields makes it one of the wealthiest countries in the world.

It is home to holy cities like Mecca and Medina, which is the spiritual centre of Islam. dollars using the applicable exchange rate without prior notice to you.įor additional information related to Wires and foreign currency wires, please see the Wells Fargo Wire Transfers Terms and Conditions.Saudi Arabia is a very young country in the Middle East. Incoming wire transfers received in a foreign currency for payment into your account will be converted into U.S. We may refuse to process any request for a foreign exchange transaction. Wells Fargo is your arms-length counterparty on foreign exchange transactions.

Foreign exchange markets are dynamic and rates fluctuate over time based on market conditions, liquidity, and risks. Different customers may receive different rates for transactions that are the same or similar, and the applicable exchange rate may be different for foreign currency cash, drafts, checks, or wire transfers. The exchange rate Wells Fargo provides to you may be different from exchange rates you see elsewhere. The applicable exchange rate does not include, and is separate from, any applicable fees. The markup is designed to compensate us for several considerations including, without limitation, costs incurred, market risks, and our desired return. The exchange rate used when Wells Fargo converts one currency to another is set at our sole discretion, and it includes a markup. In addition to any applicable fees, Wells Fargo makes money when we convert one currency to another currency for you.

All saudi bank exchange rate today india