Saudi Riyal to PKR exchange rate remains stable today
The exchange rate of the Saudi Riyal (SAR) against the Pakistani Rupee (PKR) in Pakistan’s open market remained steady on Monday, December 16, 2024. The buying rate stands at Rs74.01, while the selling rate is Rs74.40, reflecting no change compared to the previous day.
Key Exchange Rates
The latest exchange rates for Saudi Riyal to PKR are as follows:
Also Read:
- Buying Rate: Rs74.01
- Selling Rate: Rs74.40
For comparison:
- December 15, 2024: Rs74.01 (no change)
Saudi Arabia is the top source of remittances to Pakistan, with many Pakistani expatriates working in the Kingdom. As a result, Saudi Riyals hold significant importance for the country, especially during times when expatriates exchange their earnings for Pakistani Rupees, typically when traveling home.
The Saudi Riyal, abbreviated as SAR or SR, is the official currency of Saudi Arabia. One Riyal is subdivided into 100 halalas, making it an essential currency for trade, travel, and remittances between the two nations.
Also See: AED to PKR
At the current buying rate of Rs74.01:
- 500 SAR equals Rs37,005
- 1,000 SAR equals Rs74,010
Individuals carrying Saudi Riyals can visit banks or licensed exchange companies in Pakistan to convert their SAR into PKR at the prevailing rates.
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