Bank and Exchange Rate

new

« Prev
1
Next »

kory
Member

Posts: 26

Bank and Exchange Rate Oct 16, 2013 22:03:21 GMT

Quote

Post by kory on Oct 16, 2013 22:03:21 GMT

o,

I am a Irish passport holder and on Sterling payroll. I have been told that all of my salary will be paid in KSA in Saudi Riyal. I will appreciate it if someone can advice which banks offer the best transfer and exchange rates. What do I need to do in order to avoid the lost due to exchange rate between Saudi Riyal and Euro?

Thanks,

leom
Member

Posts: 27

Bank and Exchange Rate Oct 20, 2013 0:28:39 GMT

Quote

Post by leom on Oct 20, 2013 0:28:39 GMT

kory,
There is an exchange rate protection option. My understanding is if you take that option, you will be paid on that exchange rate in SAR. As an Irish passport holder on Sterling payroll, you will not be paid in GBP, rather in SAR. Its a sort of gamble, you sign for that option. You shall be paid as per signed exchange rate. Get more detail from your Reloc. rep.