The Saudi Riyal (SAR) to Pakistani Rupee (PKR) exchange rate is a vital financial indicator for individuals and businesses with ties to Saudi Arabia, particularly Pakistani expatriates sending remittances. As of October 1, 2024, one Saudi Riyal is trading at approximately PKR [74.03Â ]. The SAR’s stability, rooted in Saudi Arabia’s oil-dominant economy, makes it a reliable currency. However, fluctuations in oil prices and global economic conditions can indirectly affect its value against the PKR.
Chart: Saudi Riyal To PKR Rate Today 1 October 2024
| Date | Rate (SAR to PKR) |
|---|---|
| 1 October 2024 | 74.03Â |
Disclaimer
Exchange rates can fluctuate throughout the day. The information provided is an approximation as of October 1, 2024. For the most up-to-date and precise rates, please consult a financial institution or a reliable online currency converter.
Thoughts on Saudi Riyal Rates
The Saudi Riyal’s strength is largely due to Saudi Arabia’s vast oil reserves and stable economic policies. While it’s considered a dependable currency, variations in oil prices and global economic events can impact its value against the PKR. It’s advisable for those dealing with SAR to stay informed about these factors.
Other Popular 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.) |
| Kuwaiti Dinar (KWD) | 985 (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.) |
Conclusion
The SAR to PKR exchange rate holds particular significance for Pakistani expatriates in Saudi Arabia and their families in Pakistan. Understanding the dynamics of this rate allows for informed financial planning and decision-making regarding remittances and investments. Staying abreast of market trends is key to effectively navigating these cross-border transactions.
