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Compare today's ETB to SAR (Ethiopian Birr to Saudi Riyal) exchange rates

Ethiopia
Saudi Arabia
ETB
Interbank Exchange Rate: 1 ETB = 0.0242 SAR
Updated about an hour ago

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All you need to know about Ethiopian Birr to Saudi Riyal money transfers

Easily compare money transfer providers in one place to send money from Ethiopia to Saudi Arabia. Send money overseas to your loved ones by comparing Ethiopian Birr (ETB) to Saudi Riyal (SAR) remittance exchange rates. Read remittance service provider reviews and check out deals, promotions and discounts. Transfer online or send cash based on services offered by these providers.

Were you looking to send money from Saudi Arabia to Ethiopia instead?

Did not find the providers you were looking for? Please reach out to us at info@remitfinder.com, and we will do our best to add them to our platform.

If you need to send international business money transfers and payments, get in touch with us to see how we can help protect your revenue.


Latest ETB to SAR Conversion Rates

Here are some latest ETB to SAR (Ethiopian Birr to Saudi Riyal) exchange rates for popular conversion amounts*.

1 ETB0.02 SAR
5 ETB0.12 SAR
10 ETB0.24 SAR
25 ETB0.61 SAR
50 ETB1.21 SAR
100 ETB2.42 SAR
150 ETB3.63 SAR
200 ETB4.84 SAR
250 ETB6.05 SAR
300 ETB7.26 SAR
400 ETB9.68 SAR
500 ETB12.10 SAR
600 ETB14.52 SAR
700 ETB16.94 SAR
800 ETB19.36 SAR
1,000 ETB24.20 SAR
1,500 ETB36.30 SAR
2,000 ETB48.40 SAR
2,500 ETB60.50 SAR
3,000 ETB72.60 SAR
4,000 ETB96.80 SAR
5,000 ETB121.00 SAR
10,000 ETB242.00 SAR
15,000 ETB363.00 SAR
20,000 ETB484.00 SAR
30,000 ETB726.00 SAR
40,000 ETB968.00 SAR
50,000 ETB1,210.00 SAR
100,000 ETB2,420.00 SAR

*Based on the Interbank Exchange Rate. Actual payout may vary based on the chosen money transfer provider.


What's the best way to send money from Ethiopia to Saudi Arabia?

Foreign exchange rates fluctuate by the second, much like equities listed on the stock market. Given that, it might seem like a daunting task to determine the best timing to transfer money from Ethiopia to Saudi Arabia. We ensure that you are getting the best rate and sending money at the right time with trusted money transfer companies when you transfer Ethiopian Birr to SAR.

You can rely on RemitFinder to do the hard work of searching for the best companies specializing in sending money abroad for you. Our remittance comparison platform helps you spot the best options to send ETB to SAR in Saudi Arabia. Every company listed on our site is an established business that our team evaluates to make sure you get access to the best exchange rates.

With RemitFinder, you can also take advantage of numerous offers and discounts that our partners provide to maximize the power of your money transfers to Saudi Arabia from Ethiopia. We provide you with maximum choices to send money to Saudi Arabia by comparing competing money transfer companies thereby making you the winner in the end.


How to get the best exchange rate for sending money from Ethiopia to Saudi Arabia?

When sending money overseas, there are a lot of options at your disposal these days. All of them come with various caveats that may include exchange rates, fees, transaction processing time, security and privacy, and so on. RemitFinder helps you to decide which foreign exchange operator to pick for your ETB to Saudi Riyal money transfer.

Our real time remittance comparison engine compares numerous banks, FX providers, remittance companies, multi currency bank accounts, etc. and presents you with the best options for sending money from Ethiopia to Saudi Arabia. We carefully select providers to give you the best choices for sending money internationally.

Additionally, you can sign up for the free rate alert to always stay updated with the best rates and promotions for ETB to SAR remittances. With our daily free rate alert, you will never have to manually search and compare providers again.


What's the cheapest way to transfer money from Ethiopia to Saudi Arabia?

Finding the cheapest way to send money from Ethiopia to Saudi Arabia might not be that easy given the umpteen choices available. You have to look at various parameters like exchange rates and fees to determine if the cost of one money transfer operator is less than that of another or not.

It may also be tempting to use some of the traditional funds transfer services like foreign currency exchanges or operators located in shopping malls, grocery stores and other local outlets. While you can certainly transfer ETB to SAR via these channels, they may not be the most economical way to send money internationally. Typically, brick and mortar services charge higher fees and may also provide lower rates. All this contributes to making your foreign exchange transfer more expensive.

Online money transfers tend to be more cost effective, and RemitFinder provides you quite a number of good choices to ensure you are able to get optimum Ethiopia to Saudi Arabia exchange rate. Many of our partners also provide promotions and offers that are exclusive to our customers; availing these will definitely reduce the cost of your foreign exchange transaction further.


How to send money to Saudi Arabia from Ethiopia through a bank?

One of the first thoughts that may come to your mind when sending money overseas could be to rely on your bank to execute your Ethiopia to Saudi Arabia money transfer transaction. While there is convenience involved in using your bank (after all, you have an account with your bank already, and could even initiate the transfer from the comfort of your home using mobile banking), it is advisable to compare some other options as well.

With the increased penetration of the internet into our lives, a lot of financial transactions have also moved online. For example, we pay our bills, buy all types of commodities, book our vacation, and enjoy all types of entertainment over the internet. It is, therefore, no surprise that the global remittance ecosystem also has a significant digital footprint. Especially for a popular market like ETB to SAR transfers.

Given this, there are umpteen additional options to send money to Saudi Arabia instead of just your Ethiopia bank. It is very likely that many money transfer companies are offering better exchange rates compared to your bank, as well as potentially lower fees. If that is the case, you could maximize the value of your Ethiopian Birr even more so that your recipient in Saudi Arabia gets the maximum amount.


How to send money from Ethiopia to Saudi Arabia fast?

If you need to convert ETB to SAR as fast as possible, there are definite steps you can take that will help you do so. You could pay for your transfer with cash, as well as have your recipient do a cash pickup for payout - both of these methods will speed up your money transfer.

That said, handling cash could be a safety issue given that both the sender and receiver have to physically carry cash (most agent locations are located in physical stores, malls, and retail outlets which may or may not be in a physically safer area). Additionally, due to the extra costs involved to set up and maintain physical locations, cash transactions tend to get a worse foresign exchange rate (contrasted with online/digital transfers). So, another option to move money quickly from Ethiopia to Saudi Arabia could be sending it to a mobile wallet. This would entail some slowness compared to cash transfers, but would be more safe.

Apart from the above, there are many other factors that can have an impact on your Ethiopian Birr to Saudi Riyal funds transfer speed. To arm you with all the knowledge you need to distinguish faster from slower remittance providers, we crafted a complete guide to remittances; this article touches upon everything you need to know to make the fastest money transfers to Saudi Arabia.

With so many choices available, make sure to compare various forex operators that enable you to remit money from Ethiopia to Saudi Arabia. Once you understand their services and the factors that affect how fast your money can be transferred overseas, you will be able to minimize the time your money is in transit.


Which are the best money transfer companies to transfer money to Saudi Arabia from Ethiopia?

The definition of "best" is very personal for everyone. It may even vary from one transaction to the next depending on various factors involved. When it comes to sending money from Ethiopia to Saudi Arabia, we can help you in choosing the best provider.

There are several key points you would want to check for; these include, but are not limited to, the best Ethiopian Birr to Saudi Riyal exchange rate, transfer amount limits, transaction fees, transfer speed, variety of payment and delivery methods available, fixed vs indicative rate, and availability of any deals and promotions.

After you see the initial list of remittance companies we present you with, use the above criteria to fine tune your choices. That way, you can see which providers are a better fit for the requirements of your SAR money transfers to Saudi Arabia. Keep an open mind as it is very much possible that different providers suit different transfer scenarios better than others.

Finally, you should definitely take into account any ongoing promotions from these providers. Offers and discounts will lower your cost to make the money transfer and result in your recipient in Saudi Arabia getting more money for every Ethiopian Birr you send.


Step by step guide to transfer money to Saudi Arabia from Ethiopia

There are many important aspects of Ethiopia to Saudi Arabia remittances that will impact the yield you get. The most important one is the selection of the best money transfer company. For this, you can rely on RemitFinder's expertise in searching and comparing many global companies to present you many options in one simple, easy to understand view.

Once you have honed down on the company you want to go with, the below step by step tutorial will help you execute your transfer in an effective manner.

  • Step 1 - Create your account with the chosen remittance company. Please be aware that you will likely be asked for identification documents and personal information. This is an important step for the company to ensure that you are a genuine person and ensure you comply with various legal regulations like anti money laundering.
  • Step 2 - Provision the manner in which you will fund your remittance transaction. The forex company may accept payment in multiple ways - Ethiopia bank account, credit and debit cards, and sometimes even cash that you can pay with by walking into a branch or outlet.
  • Step 3 - Similar to the previous step, also provision the manner in which the receiver will access the funds. The most common delivery methods include SAR bank deposit, cash pick up in a physical provider location or agent's office, mobile wallet credit and mobile airtime popup.
  • Step 4 - Provision recipient details including name and address.
  • Step 5 - Decide how much Ethiopian Birr amount you want to send from Ethiopia.
  • Step 6 - Optionally, check if there are any deals or promotions going on. You can rely on RemitFinder to provide you this information. Discounts help you save even more, so be sure to use one if available.
  • Step 7 - Validate all the information for accuracy and start your transaction.

From this point on, the remittance company will keep you posted on the progress of your transaction. Be sure to check with your recipient in Saudi Arabia to validate that they get the money once the transaction clears.