As of 17 September 2024, the Saudi Riyal (SAR) to Pakistani Rupee (PKR) exchange rate remains subject to fluctuations due to various economic factors impacting both countries. The Saudi Riyal’s strength is closely tied to Saudi Arabia’s robust oil-based economy, while the Pakistani Rupee is influenced by various domestic and international economic conditions. Given the significant Pakistani diaspora in Saudi Arabia, the SAR to PKR rate plays a crucial role in remittance flows and the overall Pakistani economy.
Chart of SAR To PKR Rate Today 17 September 2024
| Currency | Buying Rate (PKR) | Selling Rate (PKR) |
|---|---|---|
| 1 SAR | 88.50 | 89.50 |
Disclaimer About Today’s Rate
The SAR to PKR exchange rates listed above are for informational purposes only and are subject to change throughout the day. Please consult your local exchange service provider or bank for the most accurate and up-to-date rates.
Thoughts on Saudi Riyal Rates
The Saudi Riyal maintains its position as a stable currency in the global market, primarily due to Saudi Arabia’s oil-rich economy. For Pakistan, the substantial inflow of remittances from its large expatriate community in Saudi Arabia makes the SAR to PKR exchange rate crucial. Currently, the Riyal exhibits stability against the Rupee, which is beneficial for remittance inflows and Pakistan’s foreign reserves. However, it is essential to keep an eye on global oil prices and other economic factors that could influence future exchange rate movements.
Other Countries’ Rates (17 September 2024)
| Country | Currency | Rate (PKR) |
|---|---|---|
| USA | 1 USD | 306.00 |
| UAE | 1 AED | 83.50 |
| UK | 1 GBP | 391.00 |
| Eurozone | 1 EUR | 332.00 |
| Canada | 1 CAD | 224.00 |
| Australia | 1 AUD | 197.00 |
| Japan | 1 JPY | 2.06 |
| Qatar | 1 QAR | 84.00 |
| Kuwait | 1 KWD | 995.00 |
| Oman | 1 OMR | 795.00 |
Conclusion
As of 17 September 2024, the SAR to PKR exchange rate reflects the current economic interplay between Pakistan and Saudi Arabia. While fluctuations are expected during the day, the overall trend suggests a relatively stable exchange relationship. It is crucial to monitor global economic factors and local policies as they can potentially impact the future exchange rates between these currencies.
