The Saudi Riyal (SAR) to Pakistani Rupee (PKR) exchange rate is a vital economic indicator for Pakistan, especially given the strong ties between the two countries through trade and remittances. On September 15, 2024, the rate is expected to be influenced by various factors such as global oil prices, economic conditions in both countries, and geopolitical developments.
Chart of SAR To PKR Rate Today 15 September 2024
| Market | Buying Rate (PKR) | Selling Rate (PKR) |
|---|---|---|
| Interbank | 84.50 | 84.75 |
| Open Market | 84.00 | 85.00 |
Disclaimer:
- The rates provided above are estimates and may vary depending on the specific bank or exchange service you use.
- It’s always best to confirm the current rate with your chosen financial institution before making any transactions.
Thoughts on Riyal Rates
The fluctuation of the SAR/PKR exchange rate can have significant implications for various sectors of the Pakistani economy. A stronger Riyal can make imports from Saudi Arabia more expensive, potentially leading to 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 keeps a close watch on these fluctuations and may intervene in the market to maintain stability.
Other Top 10 Countries Rate (September 15, 2024)
| Country | Currency | 1 USD = |
|---|---|---|
| European Union | Euro (EUR) | 0.93 |
| United Kingdom | Pound Sterling (GBP) | 0.79 |
| Japan | Japanese Yen (JPY) | 146.80 |
| China | Chinese Yuan (CNY) | 7.28 |
| India | Indian Rupee (INR) | 82.80 |
| Canada | Canadian Dollar (CAD) | 1.35 |
| Australia | Australian Dollar (AUD) | 1.56 |
| Switzerland | Swiss Franc (CHF) | 0.90 |
| South Korea | South Korean Won (KRW) | 1325.50 |
| Brazil | Brazilian Real (BRL) | 5.00 |
Conclusion
The SAR to PKR exchange rate is a dynamic and impactful factor in the Pakistani economy. It is essential for businesses, investors, and individuals to stay updated about its fluctuations. While predicting the exact rate for September 15th is challenging, understanding the underlying factors and monitoring market trends can aid in making informed financial decisions.
