The Saudi Riyal (SAR) appreciated by three paisas in Pakistan’s open market, with its buying rate now at Rs74.22 on Wednesday, January 8.
The selling rate of the Saudi Riyal also increased, reaching Rs74.62 on the third day of the new business week.
| Date | Latest Exchange Rate | Change |
|---|---|---|
| January 08, 2025 | Rs. 74.22 | +03 paisas |
| January 07, 2025 | Rs. 74.19 |
The Saudi Riyal (SAR) is the official currency of Saudi Arabia, abbreviated as SAR or SR. One Riyal is subdivided into 100 halalas.
Saudi Arabia is a major source of remittances for Pakistan, and many expatriates traveling back to their homeland keep a close watch on currency exchange rates to manage their finances effectively.
As of January 8, the Riyal is valued at Rs74.22 in the open market, making 500 Saudi Riyals equal to Rs37,110 in Pakistani currency.
At the current exchange rate of Rs74.22, 1,000 Saudi Riyals will amount to Rs74,220 in Pakistani currency.
The open market rate for one Saudi Riyal stands at Rs74.22. Individuals carrying Saudi Riyals can visit banks or exchange companies in Pakistan to convert SAR into PKR efficiently.
