The SAR to PKR exchange rate is an important economic indicator for Pakistan, particularly for those involved in trade and remittances with Saudi Arabia. On September 16, 2024, the rate is expected to fluctuate, influenced by a range of factors like global oil prices, economic conditions in both countries and geopolitical developments.
Chart of SAR To PKR Rate Today 16 September 2024
| Market | Buying Rate (PKR) | Selling Rate (PKR) |
|---|---|---|
| Interbank | 91.00 | 91.50 |
| Open Market | 89.50 | 92.00 |
Disclaimer:
- The rates provided above are estimates and may differ depending on the specific bank or exchange service you use.
- It’s always advisable to verify the current rate with your chosen financial institution before conducting any transactions.
Thoughts on Riyal Rates
The volatility of the SAR/PKR exchange rate can significantly impact various sectors of the Pakistani economy. A stronger Riyal can make imports from Saudi Arabia more expensive, potentially affecting inflation. However, it can also benefit Pakistani workers in Saudi Arabia by increasing the value of their remittances in PKR. The State Bank of Pakistan closely monitors these fluctuations and may intervene to maintain stability.
Other Top 10 Countries Rate (September 16, 2024)
| Country | Currency | 1 SAR = |
|---|---|---|
| European Union | Euro (EUR) | 0.24 |
| United Kingdom | Pound Sterling (GBP) | 0.20 |
| Japan | Japanese Yen (JPY) | 37.50 |
| China | Chinese Yuan (CNY) | 1.87 |
| India | Indian Rupee (INR) | 21.30 |
| Canada | Canadian Dollar (CAD) | 0.35 |
| Australia | Australian Dollar (AUD) | 0.40 |
| Switzerland | Swiss Franc (CHF) | 0.23 |
| South Korea | South Korean Won (KRW) | 340.00 |
| Brazil | Brazilian Real (BRL) | 1.29 |
Conclusion
The SAR to PKR exchange rate is a dynamic and impactful factor in the Pakistani economy. Staying informed about its fluctuations is essential for businesses, investors, and individuals alike. Predicting the exact rate for September 16th is challenging, but understanding the influencing factors and monitoring market trends can help you make informed financial decisions.
