Saudi Riyal gains slightly against Pakistani rupee in open market
The Saudi Riyal (SAR) saw a minor increase of three paisas against the Pakistani Rupee in the open market on Saturday, December 7, 2024. The buying rate now stands at Rs74, while the selling rate has risen to Rs74.39.
Saudi Arabia remains a major source of remittances for Pakistan, with a significant number of expatriates exchanging Riyals during their travels back home.
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Exchange Rate Details
- December 7, 2024: Buying rate at Rs74 (+3 paisas)
- December 6, 2024: Buying rate at Rs73.97
Conversion Examples
- 500 Saudi Riyals = Rs37,000
- 1,000 Saudi Riyals = Rs74,000
The Saudi Riyal, the official currency of Saudi Arabia, is subdivided into 100 halalas. Individuals carrying Riyals can exchange their SAR for PKR at local banks or authorized exchange company branches.
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