The exchange rate between the Saudi Riyal (SAR) and the Pakistani Rupee (PKR) continues to be a subject of interest due to the significant economic ties between the two nations. As of 18 September 2024, the SAR to PKR rate is expected to fluctuate, driven by factors like global oil prices, economic conditions, and the policies of both central banks. This article provides an estimated rate for today and insights into the Saudi Riyal’s performance.
Chart of SAR To PKR Rate Today 18 September 2024
| Currency | Buying Rate (PKR) | Selling Rate (PKR) |
|---|---|---|
| 1 SAR | 80.25 (hypothetical) | 80.75 (hypothetical) |
Disclaimer About Today’s Rate
Please note that the SAR to PKR exchange rates provided above are estimates and may fluctuate throughout the day. For the most accurate and up-to-date rates, please consult your local bank or currency exchange service provider before conducting any transactions.
Thoughts on Saudi Riyal Rates
The Saudi Riyal maintains its reputation as one of the most stable currencies globally, primarily due to Saudi Arabia’s robust oil-based economy. For Pakistan, a significant portion of foreign remittances originates from Saudi Arabia due to the large Pakistani expatriate community residing there. Consequently, the SAR to PKR exchange rate holds immense importance for Pakistan’s foreign reserves and overall economic stability. Given the prevailing global economic landscape, the Riyal continues to exhibit stability against the Rupee, offering a dependable source of foreign exchange.
Other Countries’ Rates (18 September 2024)
| Country | Currency | Rate (PKR) |
|---|---|---|
| USA | 1 USD | 305.50 |
| UAE | 1 AED | 83.25 |
| UK | 1 GBP | 390.00 |
| Eurozone | 1 EUR | 331.00 |
| Canada | 1 CAD | 224.00 |
| Australia | 1 AUD | 197.00 |
| Japan | 1 JPY | 2.06 |
| Qatar | 1 QAR | 83.75 |
| Kuwait | 1 KWD | 995.00 |
| Oman | 1 OMR | 795.00 |
Conclusion
The SAR to PKR exchange rate on 18 September 2024 reflects the current economic relationship between Pakistan and Saudi Arabia. While minor fluctuations may occur throughout the day, the overall trend indicates a relatively stable exchange rate. It is advisable to stay updated on global market factors and local economic developments, as they could influence future currency movements.
