On February 10, 2024, the exchange rate of the Saudi Riyal (SAR) to the Pakistani Rupee (PKR) witnessed a slight decline.
The buying rate for the Saudi Riyal in Pakistan was recorded at Rs74.3, while the selling rate stood at Rs75.1.
Data sourced from the currency website revealed that the Saudi Riyal experienced a decrease of 10 paisas against the Pakistani currency, marking a notable shift in the exchange dynamics.
The SAR to PKR Rate on February 10, 2024, compared to the previous day's rate, is as follows:
February 10, 2024: Rs. 74.3 (a decrease of 10 paisas)
February 09, 2024: Rs. 74.4
The Saudi Riyal, denoted as SAR or SR, serves as the official currency of Saudi Arabia, with one Riyal divided into 100 halalas.
Given the substantial presence of over 2.7 million Pakistani expatriates residing in Saudi Arabia for employment or business opportunities, the exchange rate between SAR and PKR holds significant importance among this community.
For those interested in understanding the conversion rates, on February 10, 2024:
500 Saudi Riyals would amount to approximately Rs37,150 in the open market.
1,000 Saudi Riyals would be equivalent to around Rs74,300 in Pakistani currency.
Converting Riyals to Pakistani Rupees remains a straightforward process for individuals carrying SAR. They can avail themselves of conversion services provided by banks or branches of exchange companies across Pakistan, ensuring a seamless transition between the two currencies for financial transactions and planning.