On March 29, 2025, the exchange rate for the Saudi Riyal (SAR) against the Pakistani Rupee (PKR) in the open market saw minor fluctuations compared to the previous day.
As per the latest update, the buying rate for one Riyal stood at Rs 74.24, while the selling rate was recorded at Rs 74.89.
In contrast, on the previous trading day, the buying and selling rates of the Riyal were noted at Rs 74.25 and Rs 74.90, respectively. These slight variations reflect ongoing adjustments influenced by market supply and demand for foreign currencies, including the Saudi Riyal.
Foreign exchange rates, including the SAR to PKR conversion, are updated daily at 8:00 AM Pakistan Standard Time (PST). However, these rates are subject to fluctuations throughout the day, depending on economic conditions, investor sentiment, and foreign currency availability in the market.
The buying rate of the Saudi Riyal represents the price at which banks or exchange companies purchase the currency from customers, while the selling rate is the amount at which they sell it. The difference between these two figures, known as the spread, can vary depending on trading volume and liquidity.
The SAR/PKR exchange rate is primarily determined by market forces, including the supply and demand for the Riyal in Pakistan’s foreign exchange market. Factors such as remittances from Pakistani expatriates in Saudi Arabia, trade balances, and global economic trends play a significant role in influencing the rate.
As of March 29, 2025, the exchange rate remains stable with minimal fluctuations, indicating a relatively steady demand for the Saudi Riyal in Pakistan. However, traders and individuals dealing in foreign exchange should keep an eye on real-time updates to stay informed about potential changes in the SAR/PKR rate.
For the latest exchange rate trends, stay tuned for further updates as March 29, 2025, progresses.