Saudi Riyal Stable at 75.40 PKR in Open Market – July 17, 2025
On July 17, 2025, the Saudi Riyal maintained its stability against the Pakistani rupee, with open market rates hovering around 75.40 PKR. The interbank rate remained slightly lower, reflecting consistent demand from remittances and Hajj-related transactions. Experts expect the currency to remain stable in the short term, supported by ongoing inflows from Saudi Arabia.
The Saudi Riyal traded at approximately 75.40 PKR in the open market, while the interbank rate stayed close to 73.65 PKR. The consistent demand for the Riyal, particularly during and after the Hajj season, has kept the currency strong in cash exchange markets. Despite some fluctuation earlier in the week, the exchange rate has remained within a narrow band due to balanced supply and demand dynamics.
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Currency analysts suggest that the SAR is expected to hold its position against the PKR as long as remittance inflows remain steady. Seasonal spikes related to religious travel and payments for services in Saudi Arabia tend to increase demand, but no sharp volatility is expected unless broader economic changes occur. Market watchers also point to the role of the State Bank in maintaining exchange stability through timely intervention if needed.
• The Riyal is likely to remain strong in the short term due to continued remittance inflows.
• Any significant shift in exchange rates would likely come from changes in Pakistan’s foreign reserve position or broader dollar movement.
• Importers and travelers are advised to monitor both open market and interbank trends to optimize currency conversion timing.
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