On Monday, March 11, 2024, the buying rate for the Saudi Arabia Riyal (SAR) in Pakistan stood at Rs74.1, while the selling rate was Rs74.85.
Analysis of available data revealed that the Saudi Riyal experienced a decrease of 10 paisas against the Pakistani Rupee in the open market compared to the previous trading day.
The SAR to PKR Rate on March 11, 2024, indicated a decline from the rate on March 09, 2024:
- March 11, 2024: Rs74.1 (a decrease of 10 paisas)
- March 09, 2024: Rs74.2
The Saudi Riyal serves as the official currency of Saudi Arabia, abbreviated as SAR or SR, with one Riyal subdivided into 100 halalas.
With over 2.7 million Pakistani expatriates residing in Saudi Arabia for employment or business purposes, the SAR to PKR exchange rate is of significant interest to them.
For those interested in understanding the conversion rates, as of March 11, 2024:
- 500 Saudi Riyals would amount to approximately Rs37,050 in the open market.
- 1,000 Saudi Riyals would be equivalent to around Rs74,100 in Pakistani currency.
Converting Riyals into 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.
