On March 23, 2025, the exchange rate for the Saudi Riyal (SAR) against the Pakistani Rupee (PKR) in the open market saw the buying rate set at Rs 74.64, while the selling rate stood at Rs 75.26.
These figures reflect the value at which individuals and businesses in Pakistan could exchange their currency for the Saudi Riyal at the beginning of the day.
Compared to the previous day, the Saudi Riyal had a marginal fluctuation, as the buying rate on March 22 was Rs 74.67, and the selling rate remained unchanged at Rs 75.26. Such daily changes in the Saudi Riyal to PKR exchange rate are influenced by multiple factors, including foreign currency demand, economic trends, and market conditions.
The exchange rates for March 23, 2025, were updated at 8:00 AM Pakistan Standard Time (PST). It is important to note that these rates are subject to variation throughout the day based on demand for foreign currency, geopolitical influences, and macroeconomic policies.
The buying rate of the Saudi Riyal represents the price at which banks or exchange companies purchase SAR from customers, whereas the selling rate denotes the price at which they offer SAR to individuals or businesses. These rates fluctuate in response to open market conditions, supply and demand dynamics, and international forex trends.
The parity between Saudi Riyal and PKR is largely determined by open market factors, including the foreign exchange reserves of Pakistan, trade balances, and remittance inflows from Pakistani expatriates working in Saudi Arabia. With March 23 being a significant date in Pakistan’s history, exchange rate trends also attract attention from traders and financial analysts monitoring currency movements.
As the demand for the Saudi Riyal remains consistent due to travel, trade, and remittances, keeping track of daily exchange rates on platforms providing live forex updates is crucial for individuals and businesses engaged in international transactions. Stay informed about fluctuations in the Saudi Riyal to PKR rates to make timely financial decisions.