On February 20, 2024, the buying rate for the Saudi Riyal (SAR) in Pakistan remained unchanged at Rs74.2, while the selling rate held steady at Rs75.
Analysis of the currency website indicated that the Saudi Riyal saw no change against the Pakistani Rupee in the open market, maintaining stability in the exchange dynamics.
The SAR to PKR Rate on February 20, 2024, remained consistent with the previous day's rate:
- February 20, 2024: Rs. 74.2 (no change)
- February 19, 2024: Rs. 74.2
The Saudi Riyal, abbreviated as SAR or SR, serves as the official currency of Saudi Arabia, with one Riyal subdivided into 100 halalas.
Given the significant presence of more than 2.7 million Pakistani expatriates residing in Saudi Arabia for employment or business opportunities, the SAR to PKR exchange rate remains a topic of keen interest among this community.
For those interested in understanding the conversion rates, as of February 20, 2024:
- 500 Saudi Riyals would amount to approximately Rs37,100 in the open market.
- 1,000 Saudi Riyals would be equivalent to around Rs74,200 in Pakistani currency.
Converting Riyals to Pakistani Rupees is a straightforward process for individuals carrying SAR. They can visit banks or branches of exchange companies across Pakistan to facilitate the conversion, ensuring ease of transactions and financial management between the two currencies.
