The Saudi Riyal (SAR) to Pakistani Rupee (PKR) exchange rate is a key financial indicator for individuals and businesses involved in transactions between Saudi Arabia and Pakistan. This includes Pakistani workers sending remittances back home, Saudi businesses investing in Pakistan, and individuals planning travel between the two countries.
As of 14 October 2024, the SAR to PKR exchange rate is approximately 81.50. This means that one Saudi Riyal can buy around 81.50 Pakistani Rupees. However, it’s important to remember that exchange rates are constantly fluctuating due to various market factors, and this rate may change throughout the day.
Chart: Saudi Riyal to PKR Rate Today 14 October 2024
| Date | Rate (SAR to PKR) |
|---|---|
| 14 October 2024 | 81.50 |
Disclaimer: Exchange rates are constantly fluctuating. The provided information is an approximation based on current market conditions as of 14 October 2024. For the most up-to-date and accurate rates, it is advisable to consult a financial institution or a reliable online currency converter.
Factors Influencing the SAR to PKR Rate
Several factors contribute to the fluctuations in the SAR to PKR exchange rate:
- Economic conditions in Saudi Arabia and Pakistan: The strength of the Saudi economy, largely influenced by oil prices, plays a significant role. Economic stability and growth in Pakistan can also impact the PKR’s value.
- Global oil prices: As a major oil-producing nation, fluctuations in global oil prices directly impact the Saudi economy and the value of the Riyal.
- Remittances from Pakistani expatriates: A significant number of Pakistani workers in Saudi Arabia send remittances back home, which can influence the PKR.
- Government policies and regulations: Economic and financial policies in both countries, including interest rate decisions, trade agreements, and currency regulations, can affect the exchange rate.
- Market sentiment and speculation: Investor confidence and market speculation can contribute to short-term exchange rate movements.
Staying Updated on SAR to PKR Rates
To stay informed about the latest SAR to PKR exchange rates, you can utilize the following resources:
- Financial institutions: Banks and exchange houses provide real-time exchange rate information and currency conversion services.
- Online currency converters: Many websites and apps offer currency conversion tools with live rates and historical data.
- Financial news websites: Reputable financial news sources often provide current exchange rates and market analysis.
Other Popular Currency Rates in Pakistan
In addition to the SAR, here are some other major currency exchange rates in Pakistan as of 14 October 2024 (approximate values):
| Currency | Rate (1 Unit to PKR) |
|---|---|
| US Dollar (USD) | 305 |
| Euro (EUR) | 335 |
| British Pound (GBP) | 385 |
| UAE Dirham (AED) | 84.00 |
| Kuwaiti Dinar (KWD) | 1000 |
| Japanese Yen (JPY) | 2.10 |
| Chinese Yuan (CNY) | 42.50 |
| Indian Rupee (INR) | 3.60 |
| Canadian Dollar (CAD) | 230 |
| Australian Dollar (AUD) | 202 |
Conclusion
The SAR to PKR exchange rate is an important financial consideration for anyone involved in transactions between Saudi Arabia and Pakistan. By understanding the factors influencing this rate and staying updated on its fluctuations, individuals and businesses can make informed financial decisions.
