The exchange rate between the Saudi Riyal (SAR) and the Pakistani Rupee (PKR) is of keen interest to many individuals and businesses in Pakistan. As of September 7, 2024, one Saudi Riyal is trading at approximately PKR 82. This figure is influenced by various factors, including global economic conditions, trade relations between Saudi Arabia and Pakistan, and the overall performance of the Pakistani Rupee.
Chart: SAR To PKR Rate Today 7 September 2024
| Date | Rate (SAR to PKR) |
|---|---|
| 7 September 2024 | 82 (approx.) |
Disclaimer:
Please be advised that exchange rates are subject to fluctuations throughout the day. The information provided here is an approximation as of September 7, 2024. For the most accurate and up-to-date rates, consult with a financial institution or a reliable online currency converter.
Thoughts on SAR Rates
The SAR to PKR exchange rate is particularly significant for Pakistan due to the large number of Pakistani expatriates working in Saudi Arabia. Remittances from these workers play a crucial role in Pakistan’s economy, and fluctuations in the exchange rate can impact their value in PKR. Additionally, the rate affects the cost of imports from Saudi Arabia and can influence bilateral trade.
Other Currency Rates in Pakistan
| Currency | Rate (1 Unit to PKR) |
|---|---|
| US Dollar (USD) | 305 (approx.) |
| Euro (EUR) | 332 (approx.) |
| British Pound (GBP) | 383 (approx.) |
| UAE Dirham (AED) | 84 (approx.) |
| Japanese Yen (JPY) | 2.10 (approx.) |
| Chinese Yuan (CNY) | 43 (approx.) |
| Indian Rupee (INR) | 3.58 (approx.) |
| Canadian Dollar (CAD) | 227 (approx.) |
| Australian Dollar (AUD) | 200 (approx.) |
| Swiss Franc (CHF) | 335 (approx.) |
Conclusion
The SAR to PKR exchange rate, along with other major currency rates, is a critical factor in Pakistan’s economic landscape. It impacts remittances, trade, and the overall financial stability of the country. Staying informed about these rates and the factors that influence them is crucial for individuals and businesses involved in international transactions.
FAQs
Where can I find the most accurate SAR to PKR rate?
You can check with your bank, a reputable money exchange service, or use a reliable online currency converter.
What factors affect the SAR to PKR exchange rate?
Several factors influence the rate, including global economic conditions, oil prices, trade relations between Saudi Arabia and Pakistan, and the overall performance of the Pakistani Rupee.
How do remittances from Saudi Arabia impact the exchange rate?
Remittances increase the demand for PKR, which can strengthen the Rupee against the SAR.
What are the implications of a stronger or weaker SAR for Pakistan?
A stronger SAR can make imports from Saudi Arabia more expensive, potentially impacting inflation. A weaker SAR can benefit exporters but may reduce the value of remittances in PKR.
