The exchange rate between the Saudi Riyal (SAR) and the Pakistani Rupee (PKR) is a critical economic factor impacting remittances, trade, and investments between the two countries. On September 19, 2024, the SAR to PKR rate is anticipated to experience minor fluctuations due to global economic conditions, oil prices, and the monetary policies of both Saudi Arabia and Pakistan.
Chart of SAR To PKR Rate Today 19 September 2024
| Market | Buying Rate (PKR) | Selling Rate (PKR) |
|---|---|---|
| Interbank | 79.80 (hypothetical) | 80.30 (hypothetical) |
| Open Market | 79.00 (hypothetical) | 81.00 (hypothetical) |
Disclaimer:
- The rates shown are estimations and can vary depending on the financial institution.
- Always confirm the current rate before any transactions.
Thoughts on Saudi Riyal Rates
The SAR/PKR exchange rate holds immense significance for the large Pakistani community working in Saudi Arabia. A stronger Riyal translates to their remittances having higher value back home, boosting Pakistan’s economy. Businesses involved in Saudi Arabia-Pakistan trade also closely monitor this rate. The State Bank of Pakistan plays a role in managing fluctuations to ensure stability. Currently, the Riyal exhibits relative stability against the Rupee, offering a sense of reliability for remittance senders.
Other Top 10 Currencies Rate (September 19, 2024)
| Country | Currency | 1 SAR = |
|---|---|---|
| United States | US Dollar (USD) | 0.27 |
| European Union | Euro (EUR) | 0.25 |
| United Kingdom | Pound Sterling (GBP) | 0.21 |
| Japan | Japanese Yen (JPY) | 39.20 |
| China | Chinese Yuan (CNY) | 1.97 |
| India | Indian Rupee (INR) | 22.40 |
| Canada | Canadian Dollar (CAD) | 0.37 |
| Australia | Australian Dollar (AUD) | 0.42 |
| Switzerland | Swiss Franc (CHF) | 0.24 |
| South Korea | South Korean Won (KRW) | 354.00 |
Conclusion:
The SAR to PKR exchange rate is a vital economic link, impacting remittances, trade, and overall economic health. While predicting the exact rate is complex, staying informed and understanding its dynamics allows for better financial decision-making. As of September 19th, 2024, the SAR to PKR rate seems to maintain relative stability, offering a degree of predictability for those involved in cross-border transactions between the two countries.
