SAR to Philippine Peso (PHP) - Live Rate & Provider Comparison
Convert Saudi Arabia riyals to Philippine Peso at the live mid-market rate, then see what each major Saudi Arabia remittance provider would actually deliver after their spread.
What you'd actually receive - by provider
Approximate spreads typical for SAR→PHP corridor. Real rates fluctuate; check each provider's app/website at the moment you send.
| Provider | Approx spread | You'd receive | Notes |
|---|---|---|---|
| Saudi Arabia Exchange | +0.8% | ₱ 15,376 | Direct deposit to PH banks (BDO, BPI, Metrobank) + GCash + cash pickup at Cebuana, MLhuillier, Palawan. |
| LuLu Money | +0.5% | ₱ 15,422 | App-based; integrated with GCash; 0.5% spread on most days. |
| Wise | +0.4% | ₱ 15,438 | PHP added 2022. Direct to BDO/BPI accounts; near mid-market rate. |
| Remitly | +0.7% | ₱ 15,392 | Cash pickup at Cebuana + GCash + bank deposit. Premium ('express') tier higher spread. |
| Western Union | +2.0% | ₱ 15,190 | Strong cash-pickup network at SM Hypermart and 7-Eleven; spreads 1.5-2.5%. |
How SAR→PHP pricing actually works
Every remittance provider quotes you a rate that includes their spread over the wholesale "mid-market" rate (the price banks trade with each other at). The mid-market is what Google, XE, and our calculator above show. The retail rate you actually receive is always lower.
For the SAR→PHP corridor specifically: spreads from Saudi Arabia-based exchange houses (Saudi Arabia Exchange, LuLu) typically run 0.4-1.0% above mid-market. App-based services like Wise can match or beat that. Bank wires are usually 2-4% above mid-market plus a flat fee - almost never the cheapest option even if your bank says "no fee" (the spread is the fee).
Sending SAR 1000 when the mid-market rate is roughly 15.5 PHP per SAR (≈ 15500 PHP fair value):
- Best-case (Wise / lowest-spread house): you'd typically receive ~15422 PHP
- Mid-tier (Saudi Arabia Exchange / LuLu): you'd receive ~15376 PHP
- Bank wire: you'd receive ~15035 PHP - about 387 PHP less than the best option
On a monthly remittance of SAR 1000, the gap between best and worst providers is around 4644 PHP per year. Over five years, several thousand riyals.
Philippines-specific context
Philippines is consistently a top-3 remittance recipient globally (~$40B/yr). Filipinos in Saudi Arabia typically send during the first and 15th of the month (paydays for OFWs). Rates on these days can be 0.1-0.3% worse due to high demand - sending mid-month often saves money.
Frequently asked questions
What's the difference between the mid-market rate and what I receive?
Which provider is cheapest for SAR→PHP?
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Why is my actual rate different from what's shown here?
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Reference only. This calculator shows live mid-market rates and indicative provider spreads. Your actual cost depends on your provider, send amount, payment method, delivery channel, and timing. Always verify the final quote in the provider's app before confirming a transfer.