The exchange rate between Saudi Riyal to Pakistani Rupee continues to attract the attention of businesses, travelers, and foreigners. With daily fluctuations influenced by various economic and global factors, it is important to stay updated on the current rate for informed financial decisions.

Latest Update on Saudi Riyal to Pakistani Rupee

As of today, the exchange rate for 1 Saudi Riyal is approximately 73.84 PKR. This rate reflects recent movements in the currency market and serves as a benchmark for currency conversions across banks, forex dealers, and online platforms.

Currency exchange rates may vary slightly depending on the provider. To avoid discrepancies, it is always advisable to verify rates with reliable sources or directly with the service provider before proceeding with any transaction.

Impact of Exchange Rate

The fluctuation in the SAR to PKR rate is driven by several key factors:

Global Oil Prices: As Saudi Arabia is one of the largest oil-producing countries, changes in global oil prices have a direct impact on the strength of the Riyal.

Economic Stability: The stability of Pakistan’s economy, including inflation rate, import-export balance, and foreign reserves, affects the value of the PKR against other currencies.

Seasonal Demand: The demand for the Saudi Riyal increases during the Hajj and Umrah seasons, as many Pakistanis travel to Saudi Arabia for religious purposes, leading to temporary fluctuations in the exchange rate.

International Trade and Remittances: A significant portion of the remittances from Pakistani expatriates in Saudi Arabia contribute to the supply of Saudi Riyal in Pakistan’s forex market.