Compare today's SAR to PHP (Saudi Riyal to Philippine Peso) exchange rates
📈 Saudi Arabia to Philippines Money Transfer Snapshot Today
- Best SAR to PHP exchange rate today: PHP 16.1265, offered by Key Currency
- Number of money transfer providers compared: 5
- Exchange rate range: PHP 15.9686 to PHP 16.1265
- Potential savings on SAR 1000: PHP 157.90
- Number of deals and promo codes: 0
- Mid-market
ⓘThe mid-market exchange rate (also called the interbank rate) is the real SAR to PHP exchange rate before providers add their margin or fees. exchange rate: 1 SAR = PHP 16.0473 (Updated about an hour ago)
See detailed Saudi Arabia to Philippines money transfer comparison below.
Money Transfer Providers that matched the search criteria
📢 B2B transfers only
If you are making international business money transfers or payments, RemitFinder can assist by matching you with the best options to suit your unique business needs. Get in touch now to see how we can help protect your business revenue by getting you higher exchange rates and lower transfer fees on international business FX.
💡What today's SAR-PHP exchange rates mean for you
Compare today's SAR-PHP exchange rates and send money from Saudi Arabia to Philippines after comparing numerous money transfer providers. Check the latest exchange rates, read detailed provider reviews, and discover deals and promo codes — all in one place.
RemitFinder compared 5 providers that you can rely on for Saudi Arabia to Philippines money transfers today. Here is a summary of how the competition looks like right now:
Today's Most Competitive Saudi Arabia to Philippines Providers
🥇 Key Currency with 1 SAR = 16.1265 PHP (best SAR to PHP exchange rate today).
🥈 Currencyflow offering 1 SAR = 16.1055 PHP.
🥉 Regency FX & Cambridge Currencies are also providing good FX rate today.
The exchange rate provided by these 5 providers ranges from PHP 15.9686 to PHP 16.1265. For a SAR 1000 money transfer from Saudi Arabia to Philippines, that could mean up to PHP 157.90 saved on FX alone.
SAR-PHP exchange rates fluctuate throughout the day, and top positions can change quickly. This volatility can significantly impact the final PHP payout that your recipient gets in Philippines.
That's why we recommend comparing money transfer providers to ensure you can maximize the value of your Saudi Arabia to Philippines remittances.
🔄 Looking for the reverse corridor? Send money from Philippines to Saudi Arabia instead.
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 Saudi Arabia.
👇 We also suggest looking beyond today's SAR-PHP exchange rate — historical pricing trends show many factors that can affect the overall transfer cost of your transfer.
Whilst SAR-PHP exchange rate is crucial, historical data shows that transfer fees, SAR amount sent and payment and delivery methods can also significantly influence your final payout.
Below, we analyze Saudi Arabia to Philippines historical remittance data to help you understand where costs may arise and share some best practices to try to maximize your PHP payout.
Data-driven cost insights for Saudi Arabia to Philippines money transfers
When you send money internationally from Saudi Arabia to Philippines, the key factors that will influence the overall cost of your transaction are:
- SAR-PHP exchange rate
- Transfer fee
- Payment method
- Delivery method
Ideally, you would want to optimize these 4 factors to try to get the maximum PHP payout for your overseas recipient in Philippines.
Another counter-balancing aspect is money transfer speed. If you need to rush money from Saudi Arabia to Philippines, you may have to compromise on some of the above factors whilst optimizing for speed.
To put this into a better perspective using a data-driven approach, we analyzed historical remittance pricing1 for Saudi Arabia to Philippines money transfers to compare transfer costs, FX margins, fees, and payment and delivery methods across providers.
This analysis is based on 164 actual Saudi Arabia to Philippines money transfers handled by 8 providers over the last 5 years (for a SAR 750 remittance benchmark).
This data-driven approach using real SAR-PHP transfer data provides useful insights into identifying the lowest-cost payment and delivery combinations, thereby helping you reduce costs and maximize the amount received.
Before we deep dive, here are the key trends from our analysis, summarized in an easy to read format.
📌 Key insights for Saudi Arabia to Philippines money transfers
- Average total cost: 3.87% (range 0.36% to 11.61%, spread 11.25 percentage points)
- Potential payout difference: On a SAR 750 transfer, the above variation can save you up to SAR 84.38.
- Average FX markup: 1.02% (range -0.48%
ⓘA negative markup generally represents a promotional exchange rate whereby a provider offers an exchange rate that is even higher than the mid-market rate, often on smaller amounts. to 3.06%, spread 3.54 percentage points) - Average transfer fee: SAR 21.36 (range SAR 0.00 to SAR 78.75)
- Cheapest payment/delivery method combo: Mobile Wallet → Bank Deposit (3.09% avg cost); most expensive is Bank Account Transfer → Bank Deposit (4.78%)
- Payment/delivery method choice impact: Cheapest vs most expensive combo saves 1.68% (SAR 12.62 on SAR 750 transfer).
- Market coverage: ~8 providers on average (competition level: moderate)
- Average speed: About 19 hours
🛠️ Key takeaway: Compare providers using both exchange rate and fees, then optimize your payment and delivery methods to reduce total cost.
Below, we provide detailed data-driven insights on various factors that influence the total cost of your Saudi Arabia to Philippines money transfers.
📈 SAR to PHP exchange rate is often the biggest driver of both cost and payout
The exchange rate on your Saudi Arabia to Philippines money transfers is usually the single biggest factor that will determine your overall SAR cost and your recipient's PHP payout.
To analyze exchange rates, we will rely on the exchange rate markup (also called FX margin) which is the difference between the mid-market exchange rate
Based on historical pricing data for a SAR 750 money transfer benchmark, we see the following FX markup ranges for Saudi Riyal to Philippines transfers:
- Average markup: 1.02%
- Median markup: 1.03%
- Lowest markup: -0.48%
ⓘA negative markup generally represents a promotional exchange rate whereby a provider offers an exchange rate that is even higher than the mid-market rate, often on smaller amounts. - Highest markup: 3.06%
That is a spread of 3.54 percentage points between the lowest and highest observed FX markups.
To put this into perspective, on a SAR 750 transfer, the above markup range is equivalent to roughly PHP 26.55 purely from differences in the exchange rate. That incremental saving increases to PHP 66.20 for a SAR 1870 transfer.
🛠️ How to use this insight: When comparing providers for Saudi Arabia to Philippines remittances, pay close attention to the exchange rate you receive. A small difference in the FX markup can quickly outweigh other factors like fees, and the gap generally grows as transfer amounts increase.
SAR to PHP exchange rate can be the single most critical factor that determines the cost of your transfer. When comparing providers, keep an eye on the rate you will get.
💰 Transfer fees affect your total Saudi Arabia to Philippines remittance cost
Whilst exchange rate is a major factor affecting total transfer cost, the transfer fee can also have a big impact on how much of your Saudi Riyal reaches your recipient in Philippines.
Based on data from last 5 years, we notice the below about Saudi Riyal to Philippines money transfer fees:
- Average fee: SAR 21.36
- Median fee: SAR 17.25
- Lowest fee: SAR 0.00
- Highest fee: SAR 78.75
The average fee amount of SAR 21.36 noted above represents 2.85% of the total amount sent.
Also note that even if two providers provide the same exchange rate, a best vs worst case transfer fee can increase the payout by SAR 78.75.
🛠️ How to use this insight: For your next money transfer from Saudi Arabia to Philippine Peso, look for providers that provide lower (or even 0) fees.
One caveat to this, though, is something called the hidden fee. Some providers may hide their real fees by offering a 0 or low fee, but providing a lower exchange rate. The money lost due to an inferior FX rate affects your bottom line and is referred to as a hidden fee. Therefore, you should also keep an eye on rates whilst paying attention to fees.
Another point that you should keep in mind is that for larger transfers, fixed fees become a lesser percentage of total amount. But for smaller transfers, fees can be a major part of total cost.
💸 Payment and delivery methods matter for SAR-PHP remittances
Based on our detailed analysis of historical Saudi Arabia to Philippines data, we see consistent variation in overall cost amongst the payment method and delivery method you choose.
Here is the average cost for popular payment methods used to send money to Philippines from Saudi Arabia:
- Mobile Wallet: 3.48%
- Cash: 3.50%
- Bank Account Transfer: 4.78%
That is a total spread of 1.29 percentage points.
This means that on a SAR 750 transfer, you could save up to SAR 9.69 simply by choosing the best priced payment method.
These savings will only multiply for higher SAR amounts.
Here is the average cost of popular delivery methods used to send money from Saudi Arabia to Philippines:
- Cash Pickup: 3.57%
- Bank Deposit: 4.20%
The cost difference between the above delivery methods is 0.62 percentage points.
Once again, this means that you could save up to SAR 4.68 on a SAR 750 transfer to Philippines by choosing Cash Pickup versus Bank Deposit.
As you can imagine, the possible combinations of Saudi Arabia payment methods and Philippines delivery methods will all have disparate cost. Let us look at that next.
Here is a summary of the average cost of payment and delivery method combinations for Saudi Arabia to PHP money transfers.
| Payment Method | Delivery Method | Average Cost (%) |
|---|---|---|
| Mobile Wallet | Bank Deposit | 3.09 |
| Cash | Bank Deposit | 3.43 |
| Cash | Cash Pickup | 3.51 |
| Mobile Wallet | Cash Pickup | 3.90 |
| Bank Account Transfer | Bank Deposit | 4.78 |
Sorted by Average Cost % (cheapest to most expensive).
As you can see, the difference between these SAR-PHP payment and delivery options is significant. Here are some observations:
- Mobile Wallet → Bank Deposit has the lowest average cost at 3.09%.
- Bank Account Transfer → Bank Deposit has the highest average cost at 4.78%.
- Mobile Wallet → Bank Deposit average cost is 1.68 percentage points lower than that of Bank Account Transfer → Bank Deposit.
- This means that on a SAR 750 money transfer, you could save up to SAR 35.81 simply by choosing the best payment and delivery method combo.
- Further, on a SAR 1870 money transfer, the savings increase to SAR 89.30.
Here is a quick summary of the average historical cost of various payment and delivery methods for SAR to Philippines money transfers.
💸 Cheapest payment and delivery methods (data-backed)
- Cheapest payment method: Mobile Wallet averaged 3.48%, compared to 4.78% for Bank Account Transfer, a difference of 1.29 percentage points.
- Cheapest delivery method: Cash Pickup averaged 3.57%, compared to 4.20% for Bank Deposit (0.62 percentage points higher).
- Cheapest combo: Mobile Wallet → Bank Deposit averaged 3.09%, which is 1.68 percentage points lower than Bank Account Transfer → Bank Deposit (4.78%).
🛠️ How to use this insight: As you compare money transfer providers for your next Saudi Arabia to Philippines international money transfer, strive to pair the lowest-cost payment method with the lowest-cost delivery method.
This can help you avoid the pitfall of "great exchange rate, expensive methods".
You can save money on your Saudi Arabia to Philippines remittances by carefully choosing the most economical payment and delivery methods.
🏦 Are banks more expensive than money transfer providers for SAR-PHP remittances?
When we compared Saudi Arabia banks with money transfer providers based on 5 years of remittance data, we noticed some patterns.
We observed that traditional banks charged 3.59 percentage points more on average than money transfer providers for Saudi Arabia to Philippines remittances.
This means banks tend to be approximately 2.05x more expensive than money transfer companies.
Here are the key stats behind this comparison:
| Banks | MTOs^ | Difference | |
|---|---|---|---|
| Average transfer fee | SAR 46.80 | SAR 17.62 | SAR 29.18 |
| Exchange rate markup | 0.76% | 1.06% | -0.30 pp* |
| Average total cost (%) | 7.00% | 3.41% | 3.59 pp* |
^MTO: Money transfer operator, a commonly used term for a money transfer provider
*Percentage points
🛠️ How to use this insight: Whilst banks in Saudi Arabia may offer convenience and familiarity, money transfer providers often deliver lower overall cost due to their better exchange rates and lower fees. Even if you want to send money overseas with your bank in Saudi Arabia, we recommend comparing with money transfer companies to find your best options.
📊 Does sending more money reduce the cost of SAR-PHP money transfers?
To see if transfer cost varies based on the amount sent, we compared the average cost of sending SAR 750 vs SAR 1870 from Saudi Arabia to Philippines.
We found that sending a higher amount (SAR 1870) tends to be cheaper - average cost drops from 3.87% to 2.18%, a reduction of 1.69 percentage points.
The cost of your transfer usually continues to drop as transfer amount increases. That said, always check the latest exchange rates and fees for your intended transfer amount.
🛠️ How to use this insight: Since it is generally cheaper to send higher Saudi Riyal amounts to Philippines, consider consolidating smaller, more frequent transfers into fewer, larger ones. Doing so may reduce the total cost you pay.
🏛 How competitive is the Saudi Arabia to Philippines remittance market?
Based on data from the last 5 years, SAR-PHP money transfers are provided on an average by 8 remittance companies. With around 8 providers serving this market, we consider the level of competition to be moderate.
Traditional banks have represented only 25% of active providers in this corridor (2 out of 8), meaning money transfer companies make up the majority.
A remittance market with more active providers is typically more competitive. This means you can get a better pricing and more payment and delivery options for your Saudi Arabia to Philippines remittances.
⏱️ How fast are SAR-PHP money transfers?
If your recipient in Philippines needs funds urgently, you may need to optimize your transfer for speed.
Here is what we see for Saudi Arabia to Philippines transfers when it comes to processing time:
- Average transfer time: About 19 hours.
- Fastest transfer time: About less than 1 hour.
- Slowest transfer time: About 96 hours (~4.0 days).
- Average speed at SAR 750: About 19 hours.
- Average speed at SAR 1870: About 19 hours.
Banks vs money transfer providers speed comparison: Banks take 17 hours longer on average than money transfer providers.
🛠️ How to use this insight: If you need to send money from Saudi Arabia to Philippines in a hurry, compare providers not just on exchange rate, but also on expected speed. Speed also varies based on the delivery method (bank vs cash vs wallet) you choose for Philippines.
Saudi Arabia to Philippines transfer speed varies across providers, so compare transfer speed along with cost for time-sensitive money transfers. In addition, pick the fastest payment and delivery methods for faster processing.
Frequently Asked Questions about Saudi Arabia to Philippines money transfers
These FAQs use data from RemitFinder's historical analysis of Saudi Arabia to Philippines money transfers over several years.
What factors affect the total cost of sending money from Saudi Arabia to Philippines?
The total cost of your SAR-PHP money transfer depends on how you fund the transaction (payment method), how the recipient receives it (delivery method), the exchange rate you get, and any transfer fee charged by the provider.
To avoid overpaying for your transfer, compare money transfer providers.
How much does the exchange rate affect Saudi Arabia to Philippines transfers?
Historical SAR to PHP exchange rate markup ranges from -0.48% to 3.06%, a spread of 3.54 percentage points. Even small differences in the exchange rate markup can impact your final payout significantly.
Can SAR-PHP exchange rate markup be negative?
Sometimes, money transfer providers may offer promotional exchange rates that are better than the mid-market exchange rate, resulting in a negative SAR-PHP exchange rate markup.
Such offers are generally limited by transfer amount, eligibility, or duration. Compare providers to see if you can take advantage of any ongoing special offers.
Is the exchange rate or the transfer fee more important for Saudi Arabia to Philippines transfers?
Exchange rate markup ranges from -0.48% to 3.06% (a spread of 3.54 percentage points).
Transfer fees range from SAR 0.00 to SAR 78.75, which equals roughly 10.50% on a SAR 750.00 transfer.
At both SAR 750.00 and SAR 1870.00, the transfer fee shows larger variation than the other component.
Regardless, our recommendation is that it is important to compare both exchange rates and fees when choosing a provider for Saudi Arabia to Philippines transfers.
As the transfer amount increases, the % impact of fees decreases (because the fee gets spread across a larger SAR amount), whilst exchange rate markup remains a percentage-based cost that can scale with transfer size.
For smaller transfers, fees can matter more, whilst for larger transfers, exchange rate often becomes the bigger driver. Either way, comparing both helps you get the most PHP for your SAR.
How much can Saudi Arabia to Philippines transfer costs vary between providers?
Historical transfer cost ranges from 0.36% to 11.61% for SAR transfers to Philippines. That is a spread of 11.25 percentage points, meaning significant differences between various money transfer providers.
A major contributor to this variation is exchange rate markup. FX markup alone ranges from -0.48% to 3.06% (a spread of 3.54 percentage points). Thus, even small differences in FX margin can have a big impact on the final PHP payout.
Why do various money transfer providers price SAR to Philippines transfers differently?
If you send the same Saudi Riyal amount to Philippines via different providers, the cost of each transfer will be different because of variations in FX markup, fees, and payment and delivery methods.
Even small differences among all the above factors can change the final PHP payout in Philippines in a big way.
How stable are transfer costs in the Saudi Arabia to Philippines corridor?
When we analyzed the historical total cost for SAR-PHP transfers, we observed a range from 0.36% to 11.61% (11.25 percentage points difference), along with a variability (standard deviation) of 2.10%.
A major driver of cost in this market is exchange rate markup. FX markup ranges from -0.48% to 3.06% (3.54 percentage points difference), with a standard deviation of 0.61%. Fees and payment/delivery method choices can contribute to further volatility.
This is exactly why we recommend comparing money transfer providers to get the most of your SAR-PHP transfers.
Which payment method is cheapest for Saudi Arabia to Philippines remittances?
Mobile Wallet is the cheapest payment method in Saudi Arabia based on its average cost at 3.48% (compared to Bank Account Transfer at 4.78%, a difference of 1.29 percentage points).
Based on this, we recommend paying for your SAR transfer with Mobile Wallet, and avoiding Bank Account Transfer if possible.
Which delivery method is cheapest for SAR-PHP money transfers?
Cash Pickup is the cheapest delivery method in Philippines as it costs 3.57% (compared to Bank Deposit at 4.20%, a spread of 0.62 percentage points).
If your recipient in Philippines can accept Cash Pickup, we recommend choosing it as your preferred delivery option for SAR-PHP transfers.
Is Bank Deposit cheaper than Cash Pickup for Saudi Arabia to Philippines transfers?
Cash Pickup is cheaper for transfers to Philippines given its 4.20% average cost (versus 3.57% for Cash Pickup, a difference of 0.62 percentage points).
To save more, consider choosing the cheapest delivery option for Philippines.
What is the cheapest way to send money from Saudi Arabia to Philippines?
We evaluated 5 payment and delivery method combinations for Saudi Arabia to Philippines remittances.
Based on historical data, Mobile Wallet → Bank Deposit is the cheapest combination with 3.09% cost.
At the other end of the spectrum, Bank Account Transfer → Bank Deposit is the most expensive combination at 4.78% cost. That is a difference of 1.68 percentage points between the cheapest and most expensive combinations.
Money transfer providers tend to price payment and delivery methods for Saudi Arabia to Philippines remittances differently. As you compare options, look for the cheapest payment-delivery method combo to maximize the value of your SAR-PHP transfers.
Does sending more money reduce the cost for Saudi Arabia to Philippines transfers?
Larger SAR-PHP transfers are cheaper on average.
The cost of a SAR 750 transfer averages 3.87% as compared to 2.18% for a SAR 1870 transfer, a difference of 1.69 percentage points.
How long does it take to send money from Saudi Arabia to Philippines?
Based on our analysis, the average transfer time for SAR-PHP transfers is 19 hours, with the fastest transfers completing in less than one hour and the slowest in 96 hours (~4.0 days).
Are instant transfers available from Saudi Arabia to Philippines?
Yes, historical data shows that some transfers to Philippines from Saudi Arabia can complete in less than one hour.
Note that the actual speed of your SAR-PHP transfer will depend on the chosen provider, payment method, delivery method, and eligibility checks.
Are banks more expensive than money transfer companies for Saudi Arabia to Philippines?
Banks in Saudi Arabia are more expensive than money transfer providers.
The average cost of banks is 7.00% compared to 3.41% for money transfer providers in Saudi Arabia, a difference of 3.59 percentage points.
Why do banks charge more for Saudi Arabia to Philippines transfers?
Bank transfers in Saudi Arabia cost 7.00% compared to 3.41% for money transfer companies.
The difference is often due to the fact that banks in Saudi Arabia provider lower exchange rates and charge high wire transfer fees.
How competitive is the Saudi Arabia to Philippines remittance market?
Based on historical data, the competition level in Saudi Arabia to Philippines is considered moderate with 8 active providers.
Money transfer providers represent about 75% of identified providers in Saudi Arabia.
Do I risk overpaying if I do not compare providers for Saudi Arabia to Philippines?
Historically, total SAR-PHP transfer cost has varied by 11.25 percentage points. On a SAR 750 transfer, that can translate to SAR 84.38 in savings.
SAR-PHP exchange rate markup also varies across providers. The average markup spread has been about 3.54 percentage points. On a SAR 750 transfer, that could be SAR 26.55 saved from FX alone.
Fees can also make a big difference in this market, with a difference of about SAR 78.75 across providers.
That is why comparing providers can materially change how much of the SAR you send does your recipient receive in Philippines in Philippines.
Latest SAR to PHP Conversion Rates
Here are some latest SAR to PHP (Saudi Riyal to Philippine Peso) exchange rates for popular conversion amounts*.
| 1 SAR | 16.05 PHP |
| 5 SAR | 80.24 PHP |
| 10 SAR | 160.47 PHP |
| 25 SAR | 401.18 PHP |
| 50 SAR | 802.37 PHP |
| 100 SAR | 1,604.73 PHP |
| 150 SAR | 2,407.10 PHP |
| 200 SAR | 3,209.46 PHP |
| 250 SAR | 4,011.83 PHP |
| 300 SAR | 4,814.19 PHP |
| 400 SAR | 6,418.92 PHP |
| 500 SAR | 8,023.65 PHP |
| 600 SAR | 9,628.38 PHP |
| 700 SAR | 11,233.11 PHP |
| 800 SAR | 12,837.84 PHP |
| 1000 SAR | 16,047.30 PHP |
| 1500 SAR | 24,070.95 PHP |
| 2000 SAR | 32,094.60 PHP |
| 2500 SAR | 40,118.25 PHP |
| 3000 SAR | 48,141.90 PHP |
| 4000 SAR | 64,189.20 PHP |
| 5000 SAR | 80,236.50 PHP |
| 10000 SAR | 160,473.00 PHP |
| 15000 SAR | 240,709.50 PHP |
| 20000 SAR | 320,946.00 PHP |
| 30000 SAR | 481,419.00 PHP |
| 40000 SAR | 641,892.00 PHP |
| 50000 SAR | 802,365.00 PHP |
| 100000 SAR | 1,604,730.00 PHP |
*Based on the Mid-market Exchange Rate
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1 Based on 164 pricing observations across 8 firms over the last 5 years for a SAR 750 money transfer from Saudi Arabia to Philippines. Data Source: The World Bank, Remittance Prices Worldwide, available at http://remittanceprices.worldbank.org.
How we analyze remittance data?
Insights are derived from the World Bank's Remittance Prices Worldwide dataset, which collects standardized provider pricing information at defined transfer amounts.
We aggregate this data across multiple providers and multi-year periods to calculate averages, medians, and variability measures in order to identify consistent pricing patterns for the Saudi Arabia to Philippines remittance corridor.
RemitFinder does not modify the underlying World Bank data. The analysis presented here is independently calculated from published datasets and is intended for informational and comparison purposes only.