As of September 22, 2024, the exchange rate between the Saudi Riyal (SAR) and the Pakistani Rupee (PKR) continues to be influenced by various factors, including global economic conditions and the specific dynamics of both countries. The Saudi Riyal holds a prominent position in Pakistan’s foreign exchange market due to the strong economic and social ties between the two nations, with significant remittances flowing from Saudi Arabia to Pakistan. This article aims to provide you with the current SAR to PKR rate and insights into the Riyal’s recent performance.
Chart of SAR To PKR Rate Today 22 September 2024
| Currency | Buying Rate (PKR) | Selling Rate (PKR) |
|---|---|---|
| 1 SAR | 73.80 | 74.30 |
Disclaimer About Today’s Rate
Please note that the SAR to PKR exchange rates displayed above are for informational purposes only and may vary throughout the day. For the most accurate and real-time rates, please consult your local bank or exchange service provider.
Thoughts on Saudi Riyal Rates
The Saudi Riyal maintains its reputation as one of the world’s most stable currencies, largely due to Saudi Arabia’s robust oil-based economy. For Pakistan, the SAR to PKR exchange rate is of particular importance, as a substantial portion of foreign remittances originates from Saudi Arabia due to the large Pakistani expatriate community residing there. Consequently, the SAR to PKR rate has a direct impact on Pakistan’s foreign reserves and the overall economic stability of the country. In the current global economic landscape, the Riyal has exhibited relative stability against the Rupee, offering a dependable source of foreign exchange.
Other Countries’ Rates (22 September 2024)
| Country | Currency | Rate (PKR) |
|---|---|---|
| USA | 1 USD | 306.50 |
| UAE | 1 AED | 83.25 |
| UK | 1 GBP | 391.00 |
| Eurozone | 1 EUR | 331.50 |
| Canada | 1 CAD | 224.75 |
| Australia | 1 AUD | 197.20 |
| Japan | 1 JPY | 2.06 |
| Qatar | 1 QAR | 83.75 |
| Kuwait | 1 KWD | 992.50 |
| Oman | 1 OMR | 794.00 |
Conclusion
As of September 22, 2024, the SAR to PKR exchange rate continues to reflect the prevailing economic conditions in both Pakistan and Saudi Arabia. Though minor fluctuations are expected throughout the day, the overall trend suggests a relatively stable exchange relationship. It is crucial to stay informed about global market developments and local economic indicators, as these factors can influence future currency movements.
