On March 24, 2025, the exchange rate for one Saudi Riyal (SAR) in terms of Pakistani Rupees (PKR) remained a key point of interest for currency traders, expatriates, and businesses engaged in foreign transactions.
As per the latest updates, the buying rate of the Saudi Riyal in the open market stood at Rs 74.64, while the selling rate was recorded at Rs 75.26. These rates play a crucial role for individuals and companies dealing in cross-border remittances and trade with Saudi Arabia.
Comparing with the previous day’s exchange rate, the buying price of the riyal on March 23, 2025, was Rs 74.67, while the selling rate remained unchanged at Rs 75.26. The fluctuations in the value of the Saudi Riyal against the Pakistani Rupee are driven by multiple factors, including market demand, supply conditions, and global economic trends.
These currency exchange rates are officially updated at 8:05 AM Pakistan Standard Time (PST). However, due to dynamic market conditions, the value of the riyal against the rupee can fluctuate throughout the day. The open market exchange rate is determined by market forces and varies based on the level of demand for the Saudi Riyal in Pakistan, particularly from importers, travelers, and overseas workers sending remittances.
In foreign exchange transactions, the buying rate signifies the price at which banks or exchange companies purchase Saudi Riyals from customers, whereas the selling rate indicates the price at which they provide riyals to buyers. Understanding these variations helps individuals and businesses make informed decisions regarding their currency conversions.
The SAR/PKR exchange rate on March 24, 2025, reflects the ongoing economic interactions between Pakistan and Saudi Arabia. Many Pakistani expatriates working in Saudi Arabia send remittances back home, creating a steady demand for the riyal. Likewise, businesses importing Saudi goods or engaging in bilateral trade also influence the currency exchange rates.
As currency markets remain unpredictable, those looking to exchange riyals for rupees or vice versa should stay updated with the latest rates. On March 24, 2025, the riyal’s exchange rate continues to be shaped by economic trends and market activities.