On June 20, 2023, the open market exchange rates between the Saudi Riyal (SAR) and the Pakistani Rupee (PKR) witnessed fluctuations.
These rates are subject to change throughout the day, influenced by market dynamics and foreign currency demand. The buying and selling rates serve as crucial indicators for individuals and financial institutions engaged in foreign currency transactions.
Key Details:
Buying Rate: Rs 78.00 per Saudi Riyal (SAR)
Selling Rate: Rs 78.80 per Saudi Riyal (SAR)
Time of Update: 08:00 AM Pakistan Standard Time (PST)
Explanation:
The buying rate signifies the rate at which exchange companies or banks purchase foreign currency from customers. On June 20, 2023, the buying rate of one Saudi Riyal (SAR) in Pakistani Rupees (PKR) stood at Rs 78.00 in the open market.
Conversely, the selling rate represents the rate at which exchange companies or banks sell foreign currency to customers. On the same day, the selling rate of one Saudi Riyal (SAR) in Pakistani Rupees (PKR) was Rs 78.80 in the open market.
Currency rates are highly dynamic and are influenced by various factors, including market forces and foreign currency demand. Therefore, it is essential to keep track of the latest updates and be aware that these rates are subject to change throughout the day.
Conclusion:
The exchange rates between the Saudi Riyal (SAR) and the Pakistani Rupee (PKR) on June 20, 2023, experienced fluctuations in the open market. The buying rate was Rs 78.00 per SAR, indicating the rate at which foreign currency was purchased, while the selling rate stood at Rs 78.80 per SAR, indicating the rate at which foreign currency was sold. Individuals and financial institutions involved in foreign currency transactions should remain mindful of these rates as they are subject to change based on market forces and foreign currency demand.
