SAR to INR: Convert Saudi Riyal to Indian Rupee

Saudi Arabia houses a decent number of Non-Resident Indians and the remittances from Saudi to India has been a constant state of affairs. With the new adaptations like STC-PAY, remitting money to India from Saudi has become simpler and the NRIs there are keeping a keen eye on the SAR to INR exchange rate to find the perfect time to send money to India. In this article, we will explore the trend along the conversion of Saudi Riyal to Indian Rupee.

SAR to INR: Convert Saudi Riyal to Indian Rupee
Convert Saudi Riyal to Indian Rupee

SAR to INR Conversion Rate Today

1 SAR = 19.90 INR

1 INR = 0.05 SAR

SAR to INR Weekly Trend

DateSAR to INR
07/11/202019.73 INR
08/11/202019.73 INR
09/11/202019.72 INR
10/11/202019.81 INR
11/11/202019.90 INR
12/11/202019.97 INR
13/11/202019.90 INR
Weekly Trend of Conversion Rates

Saudi Riyal VS Indian Rupee Trend:(October 2020)

October 2020SAR to INR
1st October19.61 INR
31st October19.90 INR
Highest Rate19.90 INR (31st October)
Lowest Rate19.45 INR (10th October)
% Change+1.43%
Saudi Riyal VS Indian Rupee Trend: October 2020
How to find the Cheapest way to Remit Money to India

Converting SAR to INR: The Factors

Converting one currency to another involves multiple factors that affect these exchange rates. The Forex market is the largest market in the world and the trade of currencies happens almost all the time. The exchange rate of the currencies is impacted by external factors like inflation, which refers to the rates at which the general price of goods and services increase in a country. The lowering of inflation is a healthy sign for the economy of the country resulting in the appreciation of the currency.

There are a lot of other factors that affect the rate of exchange such as interest rates, balance of payments, supply of money, etc. The economic, social and political conditions of a country defines how strong or weak its currency will be. With the positives falling in one place, the value of the currency rises and it becomes preferred by investors globally. The more the country exports its goods and services the more the currency strengthens. The balancing of imports with exports is a very essential factor to determine the strength and value of the currency.

These factors are very volatile and these exchange rates fluctuate every day. But worry not! We at SBNRI, trace these changes on a regular basis to help you with your investments and remittances. Connect to our experts using the button below to get advisory on choosing the best time to remit money to India capitalizing on the best exchange rates for SAR to INR. Also, visit our blog and youtube channel for more details.

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