Saudi Riyal Exchange Rate in Pakistan Remains Stable on November 13
The Saudi Riyal (SAR) exchange rate against the Pakistani Rupee (PKR) remained steady in the open market on Tuesday, with the buying rate at Rs73.95 and the selling rate at Rs. 74.20, showing no change from previous levels.
Saudi Arabia is Pakistan’s largest source of remittances, with many Pakistani expatriates frequently exchanging Riyals upon returning home, making the SAR-PKR exchange rate a closely watched metric.
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Here are recent exchange rates for the Saudi Riyal in Pakistan:
- November 13, 2024: Rs. 73.95
- November 12, 2024: Rs. 73.65
- November 11, 2024: Rs. 73.65
At the November 12 rate of Rs. 73.65, converting 500 Saudi Riyals would yield Rs. 36,825 PKR, while 1,000 Saudi Riyals would amount to Rs. 73,650 PKR.
Pakistani residents with Saudi Riyals can visit authorized banks or exchange companies to convert SAR to PKR. For reference, the exchange rates of other major currencies against PKR as of November 13, 2024, are as follows:
- USD to PKR: Rs. 278
- AED to PKR: Rs. 76
- EUR to PKR: Rs. 295
- GBP to PKR: Rs. 355
- CNY to PKR: Rs. 38
Live: SAR to PKR Rate Today
The Saudi Riyal, denoted as SAR or SR and divided into 100 halalas, is a critical currency in Pakistan’s foreign exchange market, reflecting the strong economic ties between Saudi Arabia and Pakistan, particularly through remittances.
