The exchange rate between the Saudi Riyal (SAR) and the Pakistani Rupee (PKR) is of keen interest to many, especially Pakistani workers in Saudi Arabia and businesses involved in bilateral trade. As of September 14, 2024, the SAR to PKR rate is subject to fluctuations, influenced by factors like oil prices, global economic conditions, and the policies of both the Saudi and Pakistani central banks.
Chart of SAR To PKR Rate Today 14 September 2024
| Market | Buying Rate (PKR) | Selling Rate (PKR) |
|---|---|---|
| Interbank | 88.50 | 89.50 |
| Open Market | 87.00 | 91.00 |
Disclaimer:
- The rates mentioned above are for informational purposes only and are subject to change.
- Always confirm the current rate with your chosen financial institution before any transaction.
Thoughts on Saudi Riyal Rates
The SAR/PKR exchange rate has a direct impact on remittances sent by Pakistani workers in Saudi Arabia. A stronger Riyal translates to increased purchasing power for their families back home. The rate also affects businesses importing or exporting goods to and from Saudi Arabia. The State Bank of Pakistan keeps a close eye on the exchange rate and may intervene when needed.
Other Top 10 Currencies Rate (September 14, 2024)
| Country | Currency | 1 SAR = |
|---|---|---|
| United States | US Dollar (USD) | 0.27 |
| European Union | Euro (EUR) | 0.24 |
| United Kingdom | Pound Sterling (GBP) | 0.21 |
| Japan | Japanese Yen (JPY) | 37.74 |
| China | Chinese Yuan (CNY) | 1.90 |
| India | Indian Rupee (INR) | 21.59 |
| Canada | Canadian Dollar (CAD) | 0.36 |
| Australia | Australian Dollar (AUD) | 0.40 |
| Switzerland | Swiss Franc (CHF) | 0.23 |
| South Korea | South Korean Won (KRW) | 341.72 |
Conclusion
The SAR to PKR exchange rate is a vital economic link between Saudi Arabia and Pakistan. Fluctuations in this rate have far-reaching consequences for individuals and businesses alike. By staying informed about the current rate and understanding the factors influencing it, you can make informed financial decisions.
