Compare today's SAR to LKR (Saudi Riyal to Sri Lankan Rupee) exchange rates
📈 Saudi Arabia to Sri Lanka Money Transfer Snapshot Today
- Best SAR to LKR exchange rate today: LKR 82.3795, offered by Regency FX
- Number of money transfer providers compared: 2
- Exchange rate range: LKR 81.7611 to LKR 82.3795
- Potential savings on SAR 1000: LKR 618.40
- Number of deals and promo codes: 0
- Mid-market
ⓘThe mid-market exchange rate (also called the interbank rate) is the real SAR to LKR exchange rate before providers add their margin or fees. exchange rate: 1 SAR = LKR 82.4555 (Updated about an hour ago)
See detailed Saudi Arabia to Sri Lanka money transfer comparison below.
Money Transfer Providers that matched the search criteria
📢 B2B transfers only
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💡What today's SAR-LKR exchange rates mean for you
Compare today's SAR-LKR exchange rates and send money from Saudi Arabia to Sri Lanka 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 2 providers that you can rely on for Saudi Arabia to Sri Lanka money transfers today. Here is a summary of how the competition looks like right now:
Today's Most Competitive Saudi Arabia to Sri Lanka Providers
🥇 Regency FX with 1 SAR = 82.3795 LKR (best SAR to LKR exchange rate today).
🥈 Verto offering 1 SAR = 81.7611 LKR.
The exchange rate provided by these 2 providers ranges from LKR 81.7611 to LKR 82.3795. For a SAR 1000 money transfer from Saudi Arabia to Sri Lanka, that could mean up to LKR 618.40 saved on FX alone.
SAR-LKR exchange rates fluctuate throughout the day, and top positions can change quickly. This volatility can significantly impact the final LKR payout that your recipient gets in Sri Lanka.
That's why we recommend comparing money transfer providers to ensure you can maximize the value of your Saudi Arabia to Sri Lanka remittances.
🔄 Looking for the reverse corridor? Send money from Sri Lanka 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-LKR exchange rate — historical pricing trends show many factors that can affect the overall transfer cost of your transfer.
Whilst SAR-LKR 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 Sri Lanka historical remittance data to help you understand where costs may arise and share some best practices to try to maximize your LKR payout.
Data-driven cost insights for Saudi Arabia to Sri Lanka money transfers
When you send money internationally from Saudi Arabia to Sri Lanka, the key factors that will influence the overall cost of your transaction are:
- SAR-LKR exchange rate
- Transfer fee
- Payment method
- Delivery method
Ideally, you would want to optimize these 4 factors to try to get the maximum LKR payout for your overseas recipient in Sri Lanka.
Another counter-balancing aspect is money transfer speed. If you need to rush money from Saudi Arabia to Sri Lanka, 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 Sri Lanka money transfers to compare transfer costs, FX margins, fees, and payment and delivery methods across providers.
This analysis is based on 153 actual Saudi Arabia to Sri Lanka money transfers handled by 6 providers over the last 5 years (for a SAR 750 remittance benchmark).
This data-driven approach using real SAR-LKR 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 Sri Lanka money transfers
- Average total cost: 3.38% (range -1.56% to 13.52%, spread 15.08 percentage points)
- Potential payout difference: On a SAR 750 transfer, the above variation can save you up to SAR 113.10.
- Average FX markup: 0.98% (range -3.83%
ⓘ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 7.67%, spread 11.50 percentage points) - Average transfer fee: SAR 17.98 (range SAR 0.00 to SAR 89.50)
- Cheapest payment/delivery method combo: Mobile Wallet → Bank Deposit (3.05% avg cost); most expensive is Cash → Bank Deposit (3.91%)
- Payment/delivery method choice impact: Cheapest vs most expensive combo saves 0.86% (SAR 6.45 on SAR 750 transfer).
- Market coverage: ~6 providers on average (competition level: moderate)
- Average speed: About 16 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 Sri Lanka money transfers.
📈 SAR to LKR exchange rate is often the biggest driver of both cost and payout
The exchange rate on your Saudi Arabia to Sri Lanka money transfers is usually the single biggest factor that will determine your overall SAR cost and your recipient's LKR 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 Sri Lanka transfers:
- Average markup: 0.98%
- Median markup: 0.95%
- Lowest markup: -3.83%
ⓘ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: 7.67%
That is a spread of 11.50 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 LKR 86.25 purely from differences in the exchange rate. That incremental saving increases to LKR 215.05 for a SAR 1870 transfer.
🛠️ How to use this insight: When comparing providers for Saudi Arabia to Sri Lanka 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 LKR 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 Sri Lanka 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 Sri Lanka.
Based on data from last 5 years, we notice the below about Saudi Riyal to Sri Lanka money transfer fees:
- Average fee: SAR 17.98
- Median fee: SAR 16.10
- Lowest fee: SAR 0.00
- Highest fee: SAR 89.50
The average fee amount of SAR 17.98 noted above represents 2.40% 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 89.50.
🛠️ How to use this insight: For your next money transfer from Saudi Arabia to Sri Lankan Rupee, 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-LKR remittances
Based on our detailed analysis of historical Saudi Arabia to Sri Lanka 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 Sri Lanka from Saudi Arabia:
- Mobile Wallet: 3.07%
- Bank Account Transfer: 3.23%
- Cash: 3.47%
That is a total spread of 0.40 percentage points.
This means that on a SAR 750 transfer, you could save up to SAR 3.01 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 Sri Lanka:
- Cash Pickup: 3.37%
- Bank Deposit: 3.39%
The cost difference between the above delivery methods is 0.02 percentage points.
Once again, this means that you could save up to SAR 0.12 on a SAR 750 transfer to Sri Lanka by choosing Cash Pickup versus Bank Deposit.
As you can imagine, the possible combinations of Saudi Arabia payment methods and Sri Lanka 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 LKR money transfers.
| Payment Method | Delivery Method | Average Cost (%) |
|---|---|---|
| Mobile Wallet | Bank Deposit | 3.05 |
| Mobile Wallet | Cash Pickup | 3.09 |
| Bank Account Transfer | Bank Deposit | 3.23 |
| Cash | Cash Pickup | 3.41 |
| Cash | Bank Deposit | 3.91 |
Sorted by Average Cost % (cheapest to most expensive).
As you can see, the difference between these SAR-LKR payment and delivery options is significant. Here are some observations:
- Mobile Wallet → Bank Deposit has the lowest average cost at 3.05%.
- Cash → Bank Deposit has the highest average cost at 3.91%.
- Mobile Wallet → Bank Deposit average cost is 0.86 percentage points lower than that of Cash → Bank Deposit.
- This means that on a SAR 750 money transfer, you could save up to SAR 29.32 simply by choosing the best payment and delivery method combo.
- Further, on a SAR 1870 money transfer, the savings increase to SAR 73.10.
Here is a quick summary of the average historical cost of various payment and delivery methods for SAR to Sri Lanka money transfers.
💸 Cheapest payment and delivery methods (data-backed)
- Cheapest payment method: Mobile Wallet averaged 3.07%, compared to 3.47% for Cash, a difference of 0.40 percentage points.
- Cheapest delivery method: Cash Pickup averaged 3.37%, compared to 3.39% for Bank Deposit (0.02 percentage points higher).
- Cheapest combo: Mobile Wallet → Bank Deposit averaged 3.05%, which is 0.86 percentage points lower than Cash → Bank Deposit (3.91%).
🛠️ How to use this insight: As you compare money transfer providers for your next Saudi Arabia to Sri Lanka 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 Sri Lanka remittances by carefully choosing the most economical payment and delivery methods.
🏦 Are banks more expensive than money transfer providers for SAR-LKR remittances?
When we compared Saudi Arabia banks with money transfer providers based on 5 years of remittance data, we noticed some patterns.
On average, we found that banks and money transfer providers charge very similar total costs for Saudi Arabia to Sri Lanka remittances.
Here are the key stats behind this comparison:
| Banks | MTOs^ | Difference | |
|---|---|---|---|
| Average transfer fee | SAR 17.00 | SAR 17.99 | SAR -0.99 |
| Exchange rate markup | 1.12% | 0.98% | 0.14 pp* |
| Average total cost (%) | 3.39% | 3.38% | 0.01 pp* |
^MTO: Money transfer operator, a commonly used term for a money transfer provider
*Percentage points
🛠️ How to use this insight: When banks and money transfer companies in Saudi Arabia are priced similarly, small differences in exchange rate markup and fees can determine which provider offers better value.
📊 Does sending more money reduce the cost of SAR-LKR 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 Sri Lanka.
We found that sending a higher amount (SAR 1870) tends to be cheaper - average cost drops from 3.38% to 1.95%, a reduction of 1.43 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 Sri Lanka, 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 Sri Lanka remittance market?
Based on data from the last 5 years, SAR-LKR money transfers are provided on an average by 6 remittance companies. With around 6 providers serving this market, we consider the level of competition to be moderate.
Traditional banks have represented only 16.7% of active providers in this corridor (1 out of 6), 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 Sri Lanka remittances.
⏱️ How fast are SAR-LKR money transfers?
If your recipient in Sri Lanka needs funds urgently, you may need to optimize your transfer for speed.
Here is what we see for Saudi Arabia to Sri Lanka transfers when it comes to processing time:
- Average transfer time: About 16 hours.
- Fastest transfer time: About less than 1 hour.
- Slowest transfer time: About 48 hours (~2.0 days).
- Average speed at SAR 750: About 16 hours.
- Average speed at SAR 1870: About 16 hours.
Banks vs money transfer providers speed comparison: Banks take 8 hours longer on average than money transfer providers.
🛠️ How to use this insight: If you need to send money from Saudi Arabia to Sri Lanka 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 Sri Lanka.
Saudi Arabia to Sri Lanka 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 Sri Lanka money transfers
These FAQs use data from RemitFinder's historical analysis of Saudi Arabia to Sri Lanka money transfers over several years.
What factors affect the total cost of sending money from Saudi Arabia to Sri Lanka?
The total cost of your SAR-LKR 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 Sri Lanka transfers?
Historical SAR to LKR exchange rate markup ranges from -3.83% to 7.67%, a spread of 11.50 percentage points. Even small differences in the exchange rate markup can impact your final payout significantly.
Can SAR-LKR 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-LKR 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 Sri Lanka transfers?
Exchange rate markup ranges from -3.83% to 7.67% (a spread of 11.50 percentage points).
Transfer fees range from SAR 0.00 to SAR 89.50, which equals roughly 11.93% on a SAR 750.00 transfer.
At SAR 750.00, the larger driver of overall cost is the transfer fee, whilst at SAR 1870.00, it shifts toward exchange rate markup.
Regardless, our recommendation is that it is important to compare both exchange rates and fees when choosing a provider for Saudi Arabia to Sri Lanka 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 LKR for your SAR.
How much can Saudi Arabia to Sri Lanka transfer costs vary between providers?
Historical transfer cost ranges from -1.56% to 13.52% for SAR transfers to Sri Lanka. That is a spread of 15.08 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 -3.83% to 7.67% (a spread of 11.50 percentage points). Thus, even small differences in FX margin can have a big impact on the final LKR payout.
Why do various money transfer providers price SAR to Sri Lanka transfers differently?
If you send the same Saudi Riyal amount to Sri Lanka 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 LKR payout in Sri Lanka in a big way.
How stable are transfer costs in the Saudi Arabia to Sri Lanka corridor?
When we analyzed the historical total cost for SAR-LKR transfers, we observed a range from -1.56% to 13.52% (15.08 percentage points difference), along with a variability (standard deviation) of 1.58%.
A major driver of cost in this market is exchange rate markup. FX markup ranges from -3.83% to 7.67% (11.50 percentage points difference), with a standard deviation of 0.91%. 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-LKR transfers.
Which payment method is cheapest for Saudi Arabia to Sri Lanka remittances?
Mobile Wallet is the cheapest payment method in Saudi Arabia based on its average cost at 3.07% (compared to Cash at 3.47%, a difference of 0.40 percentage points).
Based on this, we recommend paying for your SAR transfer with Mobile Wallet, and avoiding Cash if possible.
Which delivery method is cheapest for SAR-LKR money transfers?
Cash Pickup is the cheapest delivery method in Sri Lanka as it costs 3.37% (compared to Bank Deposit at 3.39%, a spread of 0.02 percentage points).
If your recipient in Sri Lanka can accept Cash Pickup, we recommend choosing it as your preferred delivery option for SAR-LKR transfers.
Is Bank Deposit cheaper than Cash Pickup for Saudi Arabia to Sri Lanka transfers?
Cash Pickup is cheaper for transfers to Sri Lanka given its 3.39% average cost (versus 3.37% for Cash Pickup, a difference of 0.02 percentage points).
To save more, consider choosing the cheapest delivery option for Sri Lanka.
What is the cheapest way to send money from Saudi Arabia to Sri Lanka?
We evaluated 5 payment and delivery method combinations for Saudi Arabia to Sri Lanka remittances.
Based on historical data, Mobile Wallet → Bank Deposit is the cheapest combination with 3.05% cost.
At the other end of the spectrum, Cash → Bank Deposit is the most expensive combination at 3.91% cost. That is a difference of 0.86 percentage points between the cheapest and most expensive combinations.
Money transfer providers tend to price payment and delivery methods for Saudi Arabia to Sri Lanka remittances differently. As you compare options, look for the cheapest payment-delivery method combo to maximize the value of your SAR-LKR transfers.
Does sending more money reduce the cost for Saudi Arabia to Sri Lanka transfers?
Larger SAR-LKR transfers are cheaper on average.
The cost of a SAR 750 transfer averages 3.38% as compared to 1.95% for a SAR 1870 transfer, a difference of 1.43 percentage points.
How long does it take to send money from Saudi Arabia to Sri Lanka?
Based on our analysis, the average transfer time for SAR-LKR transfers is 16 hours, with the fastest transfers completing in less than one hour and the slowest in 48 hours (~2.0 days).
Are instant transfers available from Saudi Arabia to Sri Lanka?
Yes, historical data shows that some transfers to Sri Lanka from Saudi Arabia can complete in less than one hour.
Note that the actual speed of your SAR-LKR 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 Sri Lanka?
Banks and money transfer providers in Saudi Arabia are similarly priced.
The average cost of banks is 3.39% compared to 3.38% for money transfer providers in Saudi Arabia, a difference of 0.01 percentage points.
How competitive is the Saudi Arabia to Sri Lanka remittance market?
Based on historical data, the competition level in Saudi Arabia to Sri Lanka is considered moderate with 6 active providers.
Money transfer providers represent about 83.3% of identified providers in Saudi Arabia.
Do I risk overpaying if I do not compare providers for Saudi Arabia to Sri Lanka?
Historically, total SAR-LKR transfer cost has varied by 15.08 percentage points. On a SAR 750 transfer, that can translate to SAR 113.10 in savings.
SAR-LKR exchange rate markup also varies across providers. The average markup spread has been about 11.50 percentage points. On a SAR 750 transfer, that could be SAR 86.25 saved from FX alone.
Fees can also make a big difference in this market, with a difference of about SAR 89.50 across providers.
That is why comparing providers can materially change how much of the SAR you send does your recipient receive in Sri Lanka in Sri Lanka.
Latest SAR to LKR Conversion Rates
Here are some latest SAR to LKR (Saudi Riyal to Sri Lankan Rupee) exchange rates for popular conversion amounts*.
| 1 SAR | 82.46 LKR |
| 5 SAR | 412.28 LKR |
| 10 SAR | 824.56 LKR |
| 25 SAR | 2,061.39 LKR |
| 50 SAR | 4,122.78 LKR |
| 100 SAR | 8,245.55 LKR |
| 150 SAR | 12,368.33 LKR |
| 200 SAR | 16,491.10 LKR |
| 250 SAR | 20,613.88 LKR |
| 300 SAR | 24,736.65 LKR |
| 400 SAR | 32,982.20 LKR |
| 500 SAR | 41,227.75 LKR |
| 600 SAR | 49,473.30 LKR |
| 700 SAR | 57,718.85 LKR |
| 800 SAR | 65,964.40 LKR |
| 1000 SAR | 82,455.50 LKR |
| 1500 SAR | 123,683.25 LKR |
| 2000 SAR | 164,911.00 LKR |
| 2500 SAR | 206,138.75 LKR |
| 3000 SAR | 247,366.50 LKR |
| 4000 SAR | 329,822.00 LKR |
| 5000 SAR | 412,277.50 LKR |
| 10000 SAR | 824,555.00 LKR |
| 15000 SAR | 1,236,832.50 LKR |
| 20000 SAR | 1,649,110.00 LKR |
| 30000 SAR | 2,473,665.00 LKR |
| 40000 SAR | 3,298,220.00 LKR |
| 50000 SAR | 4,122,775.00 LKR |
| 100000 SAR | 8,245,550.00 LKR |
*Based on the Mid-market Exchange Rate
1 Based on 153 pricing observations across 6 firms over the last 5 years for a SAR 750 money transfer from Saudi Arabia to Sri Lanka. 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 Sri Lanka 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.