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SAR to EUR - Saudi Riyal to Euro Converter

Convert Saudi Riyal to Euro with daily ECB exchange rates

1 SAR = ~0.2238 EUR (rates vary)

Rates verified daily from ECB official reference rates•Source: European Central Bank (16:00 CET daily)•For informational purposes only. Not financial advice.

Quick Insight

SAR to EUR moves with the USD peg. For quick estimates, base on USD direction and known oil-linked factors.

If the dollar strengthens, SAR may soften against EUR. Use rate alerts for large transfers.

✈️ Travel budgeting💼 Quick invoice estimates💸 Remittance estimates

Common SAR - EUR Conversions

Forex Market Hours

Sydney
22:00 - 07:00 UTC
Active
Tokyo
00:00 - 09:00 UTC
Closed
London
08:00 - 17:00 UTC
Closed
New York
13:00 - 22:00 UTC
Closed

Most volatile: London-NY overlap (13:00-17:00 GMT). Best spreads during high liquidity hours.

Upcoming High Impact Events

US Non-Farm Payrolls
First Friday of month
High Impact
USD pairs
ECB Rate Decision
Every 6 weeks
Medium Impact
EUR pairs

These are typical recurring economic events. Actual dates, times, and market impacts may vary. This information is for general awareness only and should not be used as the sole basis for financial decisions. Always verify current schedules from official central bank sources.

Tips & Recommendations

  • 1Airport exchange bureaus often have higher markups (10-15%) compared to other options
  • 2ATMs with local bank cards typically offer rates closer to mid-market rates
  • 3Paying in local currency helps avoid dynamic currency conversion (DCC) fees
  • 4Notifying your bank before travel can help prevent unexpected card blocks

Frequently Asked Questions

The SAR/EUR rate follows the USD path due to the SAR peg, plus euro policy, oil price trends, and regional economic indicators. Traders watch central bank comments and market risk sentiment for cues.

Economic Context

Trading Relationship

Saudi Europe trade centers on energy and petrochemicals from Saudi exports and industrial goods from Europe. The SAR/EUR rate influences invoicing, pricing, and hedging for cross-border contracts in both regions.

Key Rate Factors

  • •Saudi monetary policy and the USD peg via the SAR
  • •European Central Bank policy and euro strength
  • •Oil prices and related energy trade
  • •US monetary stance and global risk sentiment
  • •Geopolitical developments affecting trade confidence

Central Banks

Saudi Arabian Monetary Authority
Riyadh, Saudi Arabia
Manages monetary policy, regulates banks, and maintains price stability in Saudi Arabia.
European Central Bank
Frankfurt, Germany
Sets euro area policy, manages liquidity, and targets price stability across the euro region.

Exchange rates fluctuate continuously. This converter provides indicative rates for informational purposes. For large transactions, consult with a licensed financial professional.

Rates sourced from European Central Bank reference rates. ECB Reference Rates