As of 20 September 2024, the Saudi Riyal (SAR) to Pakistani Rupee (PKR) exchange rate remains influenced by both countries’ unique economic climates. Given the close ties between Saudi Arabia and Pakistan, the value of the Saudi Riyal has a significant impact on Pakistan’s foreign exchange market. This article provides an overview of today’s rates, insights into the Saudi Riyal’s recent performance, and its overall importance to the Pakistani economy.
Chart of SAR To PKR Rate Today 20 September 2024
| Currency | Buying Rate (PKR) | Selling Rate (PKR) |
|---|---|---|
| 1 SAR | 74.00 | 74.50 |
Disclaimer About Today’s Rate
The above SAR to PKR rates are indicative and might fluctuate during the day. It’s advisable to consult with a bank or exchange service provider for real-time rates before making any transactions.
Insights on Saudi Riyal Rates
The Saudi Riyal is globally recognized for its stability, largely attributed to Saudi Arabia’s robust oil-driven economy. For Pakistan, the SAR to PKR rate holds particular significance due to the substantial remittances sent by Pakistani expatriates working in Saudi Arabia. These remittances are a vital source of foreign exchange for Pakistan, bolstering its reserves and contributing to economic stability. The Riyal’s ongoing strength against the Rupee amidst a volatile global market offers some reassurance for Pakistan’s financial landscape.
Other Countries’ Rates (20 September 2024)
| Country | Currency | Rate (PKR) |
|---|---|---|
| USA | 1 USD | 306.50 |
| UAE | 1 AED | 83.25 |
| UK | 1 GBP | 391.00 |
| Eurozone | 1 EUR | 332.00 |
| Canada | 1 CAD | 224.50 |
| 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 as of 20 September 2024 reveals the intricate economic interplay between Pakistan and Saudi Arabia. While minor fluctuations are expected, the overarching trend indicates a relatively stable exchange relationship. It is crucial to monitor global market trends and local economic factors, as they could influence future currency movements.
