As of September 27, 2024, the Saudi Riyal (SAR) to Pakistani Rupee (PKR) exchange rate continues to be a subject of attention due to the ever-evolving economic landscapes in both countries. The SAR holds significant importance in Pakistan’s foreign exchange market owing to the strong bilateral ties and substantial remittance flows from Saudi Arabia. This article aims to provide you with the latest exchange rate information, as well as insights into the SAR’s performance against the PKR.
Chart of SAR To PKR Rate Today 27 September 2024
| Currency | Buying Rate (PKR) | Selling Rate (PKR) |
|---|---|---|
| 1 SAR | 82.50 | 83.00 |
Disclaimer About Today’s Rate
Please be aware that the SAR to PKR exchange rates presented above are intended solely for informational purposes and are prone to fluctuations throughout the day. For the most precise and current rates, it is strongly advised to consult your local exchange service provider or bank.
Thoughts on Saudi Riyal Rates
The Saudi Riyal remains one of the most stable currencies globally, primarily anchored by Saudi Arabia’s robust oil-based economy. For Pakistan, a significant portion of foreign remittances originates from Saudi Arabia due to the sizeable Pakistani expatriate community residing there. Consequently, the SAR to PKR exchange rate holds considerable influence over Pakistan’s foreign reserves and the broader economy. While the SAR has exhibited a slight appreciation against the PKR today, the overall trend suggests a relatively stable exchange relationship, providing a degree of predictability for businesses and individuals engaged in cross-border transactions.
Other Countries’ Rates (27 September 2024)
| Country | Currency | Rate (PKR) |
|---|---|---|
| USA | 1 USD | 308.50 |
| UAE | 1 AED | 84.00 |
| UK | 1 GBP | 393.00 |
| Eurozone | 1 EUR | 334.50 |
| Canada | 1 CAD | 226.50 |
| Australia | 1 AUD | 198.25 |
| Japan | 1 JPY | 2.09 |
| Qatar | 1 QAR | 84.50 |
| Kuwait | 1 KWD | 1000.00 |
| Oman | 1 OMR | 800.00 |
Conclusion
As of September 27, 2024, the SAR to PKR exchange rate underscores the current economic dynamics between Pakistan and Saudi Arabia. While minor fluctuations are inherent to the foreign exchange market, the overall trajectory points toward a relatively stable exchange relationship. It is advisable to remain attentive to global market factors and local economic indicators, as these can potentially impact future currency movements.
