The exchange rate between the Saudi Riyal (SAR) and the Pakistani Rupee (PKR) remains a key financial indicator for trade, remittances, and Hajj pilgrims. As of September 8, 2024, one Riyal is trading at approximately PKR 80. The stability of the Riyal, pegged to the US dollar, provides a sense of reliability. However, factors such as oil prices and the Saudi Arabian economy can influence its value against the PKR.
Chart: SAR To PKR Rate Today 8 September 2024
| Date | Rate (SAR to PKR) |
|---|---|
| 8 September 2024 | 80 (approx.) |
Disclaimer:
Exchange rates fluctuate throughout the day. The information provided is an estimate as of September 8, 2024. For the most current and accurate rates, consult a financial institution or a reliable online currency converter.
Thoughts on Saudi Riyal Rates:
The Saudi Riyal’s peg to the US dollar generally offers stability. However, fluctuations in oil prices, a significant driver of the Saudi economy, can indirectly affect its value against the PKR. Pakistani workers in Saudi Arabia and businesses engaged in trade should closely monitor these trends.
Other Currency Rates in Pakistan
| Currency | Rate (1 Unit to PKR) |
|---|---|
| US Dollar (USD) | 300 (approx.) |
| Euro (EUR) | 327 (approx.) |
| British Pound (GBP) | 374 (approx.) |
| UAE Dirham (AED) | 82.50 (approx.) |
| Japanese Yen (JPY) | 2.05 (approx.) |
| Chinese Yuan (CNY) | 41.50 (approx.) |
| Indian Rupee (INR) | 3.50 (approx.) |
| Canadian Dollar (CAD) | 223 (approx.) |
| Australian Dollar (AUD) | 196 (approx.) |
| Swiss Franc (CHF) | 330 (approx.) |
Conclusion
The SAR to PKR exchange rate is crucial for Pakistan, given the strong economic ties with Saudi Arabia. Understanding this rate and the factors influencing it allows for informed financial decisions for remittances, trade, and Hajj-related expenses. Stay updated on market trends to navigate these transactions effectively.
