SAR to MAD Exchange Rate Today
Saudi Riyal to Moroccan Dirham conversion for Moroccan expats in Saudi Arabia. Track live SAR/MAD rates every 30 minutes for remittances from Riyadh, Jeddah, Dammam to families in Morocco—leveraging the SAR-USD peg stability.
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Frequently Asked Questions
What is the Saudi Riyal to Moroccan Dirham exchange rate?
The SAR to MAD exchange rate typically stays around 2.6-2.7 MAD per 1 SAR. Since the Saudi Riyal is pegged to the US Dollar at 3.75 SAR = 1 USD (fixed since 1986), the SAR/MAD rate primarily follows USD/MAD movements. This peg provides stability for Moroccan workers in Saudi Arabia sending remittances home. Our converter shows real-time rates updated every 30 minutes.
How can Moroccans in Saudi Arabia send money home?
Moroccan expats in Riyadh, Jeddah, Dammam have multiple options: Saudi exchange houses (Al Rajhi, Riyad Bank, NCB) offer competitive SAR/MAD rates with fees around SAR 15-30; money transfer services (Western Union, MoneyGram, Ria) provide fast transfers; online platforms (Wise, Remitly) often beat banks; Moroccan banks with Saudi presence enable direct transfers. For monthly family support, dedicated remittance services typically offer better value than traditional banks.
Why is SAR to MAD rate stable?
The SAR/MAD rate is relatively stable because SAR is pegged to USD (3.75 SAR = 1 USD since 1986). This means SAR/MAD movements primarily track USD/MAD fluctuations. Saudi Arabia maintains this peg through its massive oil revenues and foreign reserves. For Moroccan workers in KSA, this stability is beneficial—you can predict approximately how many dirhams you'll receive for your riyal salary each month.
Do Saudi banks give good exchange rates for MAD?
Saudi banks (Al Rajhi, Saudi National Bank, Riyad Bank) typically charge 1.5-2.5% above mid-market for SAR to MAD conversions plus transfer fees (SAR 20-40). Exchange houses (Al Rajhi Exchange, Tahweel Al Rajhi) often provide better rates with 0.5-1.5% margins and lower fees. For the large Moroccan expat community (200,000+ in KSA), specialized Morocco-Saudi remittance channels frequently offer the most competitive total costs.
When is the best time to convert SAR to MAD?
Since SAR is pegged to USD, timing depends on USD/MAD movements. Watch US Federal Reserve decisions, oil price trends (affects Saudi economy), Morocco's economic indicators, and Moroccan dirham central bank policy. For regular monthly remittances to support family in Casablanca, Rabat, or Marrakech, consistent transfers work well. For large one-time transfers (property purchase, business investment), monitor for dirham weakness periods.