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Compare today's LYD to SAR (Libyan Dinar to Saudi Riyal) exchange rates

Libya
Saudi Arabia
LYD

Interbank Exchange Rate: 1 LYD = 0.5952 SAR
Updated about an hour ago

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All you need to know about Libyan Dinar to Saudi Riyal money transfers

Easily compare money transfer providers in one place to send money from Libya to Saudi Arabia. Send money overseas to your loved ones by comparing Libyan Dinar (LYD) 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.

Looking for a different option? You can browse all sending countries on our send money from hub, or view all destinations available when sending money from Libya.

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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.

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.


Latest LYD to SAR Conversion Rates

Here are some latest LYD to SAR (Libyan Dinar to Saudi Riyal) exchange rates for popular conversion amounts*.

1 LYD0.60 SAR
5 LYD2.98 SAR
10 LYD5.95 SAR
25 LYD14.88 SAR
50 LYD29.76 SAR
100 LYD59.52 SAR
150 LYD89.28 SAR
200 LYD119.04 SAR
250 LYD148.80 SAR
300 LYD178.56 SAR
400 LYD238.08 SAR
500 LYD297.60 SAR
600 LYD357.12 SAR
700 LYD416.64 SAR
800 LYD476.16 SAR
1,000 LYD595.20 SAR
1,500 LYD892.80 SAR
2,000 LYD1,190.40 SAR
2,500 LYD1,488.00 SAR
3,000 LYD1,785.60 SAR
4,000 LYD2,380.80 SAR
5,000 LYD2,976.00 SAR
10,000 LYD5,952.00 SAR
15,000 LYD8,928.00 SAR
20,000 LYD11,904.00 SAR
30,000 LYD17,856.00 SAR
40,000 LYD23,808.00 SAR
50,000 LYD29,760.00 SAR
100,000 LYD59,520.00 SAR

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


What's the best way to do Libya to Saudi Arabia money transfers?

With the global remittance market booming, there are so many choices for Libyan Dinar to SAR money transfers. To make it even more complicated, new Fintech companies keep entering the space, making it harder for remitters to decide which company to choose to send money overseas.

Our money transfer comparison engine does all the hard work for you by searching and comparing numerous companies that specialize in foreign exchange transactions, and picking the best ones for sending money to Saudi Arabia from Libya. This way, you do not have to manually search and compare these companies which is very time consuming. All remittance companies on our platform are established, secure providers that our expert team has selected.

We also provide you with attractive deals and promotions from our partners; these offers help you further maximize the final SAR amount that your recipient gets. We, along with our partners, work hard to provide you with the best discounts and offers that you can use when you send money internationally.


How to get the best exchange rate for your money transfers from Libya 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 LYD 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 Libya 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 LYD 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 send money to Saudi Arabia from Libya?

One of the most important things to watch out for is hidden fees when sending money to Saudi Arabia from Libya. Most of the time, you will get ripped off if you have no choice, or very few choices. For instance, if you send money to Saudi Arabia using your bank, you are most likely paying high fees. You may also not be getting the best exchange rate on your Saudi Riyal foreign exchange transaction.

RemitFinder partners with many money transfer companies that provide you with cheap options to ensure you get the best LYD to Saudi Arabia exchange rate. The more choices you have, the better yield you get. This is because you can get creative with exchange rates and fees to determine the cheapest option for you. For instance, one company may be giving a very high rate but charging a steep fee as well, while another provider may have a slightly lower rate, but 0 fee. All of this also depends on how much amount you send. It is very much possible that as the transaction amount varies, one money transfer operator gives a better return than the other, and vice versa.

Our partners also provide our customers with many offers and promotions. These could be seasonal (around key holidays and festivals) or ongoing. Making use of these deals will further reduce your cost, and help ensure you use the cheapest way to send money to Saudi Arabia from Libya.


Should I use my bank to send money from Libya to Saudi Arabia?

Bank transfers have been a traditionally popular way to send money overseas from Libya to Saudi Arabia. But, with the explosion of so many Fintech startups specializing in remittances, it is worth asking yourself if you should still be using your bank for sending funds internationally.

In general, banks tend to charge much higher fees compared to newer remittance companies that specialize in online operations. It is also possible that the LYD to SAR exchange rate you get from your bank may not be the best. In fact, high fees and below par exchange rates are two of the most popular ways banks make money on remittances.

We, therefore, recommend that before you use your Libya bank for your Saudi Arabia money transfers, you explore various other options to carefully review your total cost (represented by transaction fees) as well as the exchange rate you will get. Combined, these two factors will have a direct impact on how much money your recipient gets from your transaction.


How to send money from Libya to Saudi Arabia fast?

It could be a stressful experience if you need to rush money quickly from Libya to Saudi Arabia. How do you decide which option to pick to ensure your funds arrive at the destination in the fastest possible way?

First, you should ensure that you are picking the right payment method to convert LYD to SAR. Most remittance companies will allow you to pay by cash, with credit or debit cards, via a direct bank transfer, through a wire transfer, and so on. Digital payment methods like wire transfers and bank transfers will certainly delay your transaction as compared to cash payments.

Similarly, on the receiving side, your recipient also has multiple options to collect their monies in Saudi Riyal. The payout choices generally include cash pickup, direct bank transfer, loading up a mobile wallet, and mobile airtime top up. If transaction speed is important, you could choose cash pickup if the receiver can access a close by pickup location. Just be aware that the exchange rate on cash transactions may not be the best, and there is risk in handling cash, especially for larger amounts. Otherwise, a mobile airtime top up or a bank deposit may be the next fastest possible ways unless there are bank holidays going on.

Foreign exchange transaction speed also depends on some additional factors like transfer amount, compliance and regulatory processes and vary from provider to provider. Check out our remittance guide to answer any questions you may have on how remittances work in general, and what factors affect the speed of your Libya to Saudi Arabia money transfers.


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

Comparing money transfer companies for sending money to Saudi Arabia from Libya can be challenging, especially given the number of options out there. But, if you are armed with the right knowledge, it will help you make a more informed decision and, therefore, make the most of your hard earned money.

There are various areas you would want to inspect when evaluating these providers to gauge the best fit for sending money overseas to Saudi Arabia. How much do you want to send? Some companies deal with only small amounts, while others specialize in larger ones. Are you OK paying a fee for your Libyan Dinar to Saudi Riyal transfer or you will only go with 0 fees? How about exchange rates? Can you send money using non-fixed or indicative rates?

Once you start applying these conditions to the list of choices you see, you can start to eliminate companies that do not match any of your preferences. This will help fine tune the list to a small number. Finally, keep an eye on promotions and discounts as they will help maximize the Saudi Riyal yield on every Libyan Dinar that you send.


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

With so many possible ways to transfer Libyan Dinar to Saudi Riyal, and exchange rates that are changing by the second, it can be difficult to make the best choice to save time and money. RemitFinder's online remittance comparison platform helps you find the best companies to move your funds abroad.

Once you have picked the right company for your Libya to Saudi Arabia remittance transaction, you can follow the below step by step procedure.

  • Create an account at your chosen operator.
  • You may be asked for photo IDs and address proofs; please provide these as they help the operator ensure legal and regulatory compliance.
  • Add bank accounts for both the sender in Libya and the receiver in Saudi Arabia. Using bank deposits can be the cheapest option to send money.
  • Decide when you want to send money and the transfer amount. When ready, choose the amount and start your transaction.
  • At this point, you are pretty much done, and the operator will take it on from here.
  • Watch out for updates from the operator on the progress of your transaction.

We also recommend that you have more than one remittance company in your portfolio so you can maximize the return on your LYD to Saudi Riyal money transfers. This way, you can pick whoever is the best at the time you are ready to initiate your transaction.