KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on April 13, 2022:
Buying: Rs 48.20 to the Saudi Riyal
Selling: Rs 49.00 to the Saudi Riyal
The buying rate means an exchange company or a bank buys foreign currency from a customer.
The selling rate means an exchange company or a bank sells for foreign currency from a customer.
The rate has been updated at 06:00 AM Pakistan Standard Time (PST).
The Saudi Riyal /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.
Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. Team PKRevenue.com provides the available exchange rates at the time of posting the story. So the team is not responsible for any inaccuracy of the data.
Currency experts noted that fluctuations in the Saudi Riyal against the Pakistani Rupee are largely influenced by changes in demand for foreign exchange, remittance inflows, and trade balances. They added that seasonal factors, such as increased travel and religious pilgrimages, can also impact demand for the Riyal, leading to short-term variations in exchange rates in the open market.
