Saudi Riyal to PKR: The exchange rate of the Saudi Riyal (SAR) to the Pakistani Rupee (PKR) is essential for anyone dealing in Saudi currency, particularly for Pakistanis working or living in Saudi Arabia and other Gulf countries. In this article, we’ll cover the latest exchange rates, the factors influencing these rates, and a clear overview of where the SAR stands against the PKR in October.
Current Saudi Riyal to PKR Rate
As of October 30, 2024, the Saudi Riyal to PKR rate in the open market is steady. For individuals looking to exchange currency, 1 Saudi Riyal to PKR currently sits at Rs. 73.60 for buying and Rs. 74.10 for selling. This steady rate provides clarity for expatriates sending remittances to Pakistan and those engaged in cross-border trade.
| Date | Saudi Riyal to PKR Buying | Saudi Riyal to PKR Selling |
| October 30 | Rs. 73.60 | Rs. 74.10 |
| October 29 | Rs. 73.60 | Rs. 74.10 |
Riyal to PKR Today: October 2024 Overview
With Saudi Riyal to PKR today remaining stable, individuals and businesses relying on SAR for their transactions can benefit from this consistency. The rate stability is advantageous, particularly for Pakistani workers in Saudi Arabia who send remittances home, often monthly. Exchange rates play a significant role, as any fluctuations can impact the amount received in PKR.
AED to PKR and Dirham to PKR Today
Alongside the SAR, the UAE Dirham (AED) is another important currency for Pakistan. The AED to PKR or Dirham to PKR rate today is approximately Rs. 75.45 for buying and Rs. 76.10 for selling. This stability helps many Pakistani expatriates in the UAE who rely on the forex rate to send money back home.
| Currency | Buying Rate | Selling Rate |
| Saudi Riyal (SAR) | Rs. 73.60 | Rs. 74.10 |
| UAE Dirham (AED) | Rs. 75.45 | Rs. 76.10 |
Pakistan Currency Exchange Rates – November 2
| Currency | Buying Rate | Selling Rate |
| Saudi Riyal (SAR) | Rs. 73.65 | Rs. 74.20 |
| UAE Dirham (AED) | Rs. 75.45 | Rs. 76.10 |
| Australian Dollar | Rs. 186.75 | Rs. 189.00 |
| Bahraini Dinar | Rs. 732.00 | Rs. 740.00 |
| Canadian Dollar | Rs. 204.60 | Rs. 207.00 |
| Chinese Yuan | Rs. 39.60 | Rs. 40.00 |
| Euro | Rs. 303.10 | Rs. 305.85 |
| Kuwaiti Dinar | Rs. 898.75 | Rs. 908.25 |
| Omani Riyal | Rs. 716.75 | Rs. 725.25 |
| Qatari Riyal | Rs. 76.24 | Rs. 76.94 |
| British Pound | Rs. 357.15 | Rs. 360.65 |
Riyal Rate Today: Why is it Important?
For over 4.5 million Pakistanis living across the Middle East, particularly in Saudi Arabia and the UAE, the Saudi Riyal rate in Pakistan today open market holds significance. The riyal rate not only affects their monthly remittances but also influences the cost of living adjustments for their families back home. Consistent riyal to PKR rates provide a stable economic outlook, allowing families in Pakistan to plan their expenses better.
Key Factors Influencing SAR to PKR Rate
The SAR to PKR exchange rate is influenced by:
- Economic Stability – A steady economy in both Saudi Arabia and Pakistan helps maintain stable rates.
- Oil Prices – Since Saudi Arabia is a major oil exporter, fluctuations in oil prices can indirectly impact the Saudi Riyal rate.
- Demand and Supply – Increased demand for the Riyal during Hajj and Umrah seasons can impact the riyal rate today.
- Forex Reserves – Pakistan’s foreign exchange reserves affect the overall forex rate stability, influencing the SAR to PKR rates.
Calculating Common Conversions
For those needing to exchange larger amounts of Riyals, here’s how the current rates apply:
- 500 Saudi Riyal = Rs. 36,800 PKR
- 1,000 Saudi Riyal = Rs. 73,600 PKR
These values provide clarity for anyone planning to exchange or transfer Saudi Riyals to Pakistani Rupees.
Final Thoughts on Today’s Saudi Riyal to PKR Rate
The Saudi Riyal to PKR exchange rate remains steady in October 2024, reflecting a balanced forex environment. This stability is particularly advantageous for Pakistanis in Saudi Arabia and the UAE, who rely on a predictable rate for remittances. Whether it’s the saudi riyal rate, dirham to pkr today, or general forex rate considerations, the exchange trends in October provide a reassuring economic outlook for cross-border transactions.
