On February 5, 2025, the exchange rate for the Saudi Riyal (SAR) against the Pakistani Rupee (PKR) in the open market was recorded as follows:
• Buying Rate: Rs 74.13 per Saudi Riyal
• Selling Rate: Rs 74.67 per Saudi Riyal
These figures were last updated at 12:05 AM Pakistan Standard Time (PST) and are subject to fluctuations based on market dynamics, including supply and demand for foreign currencies.
Understanding the Buying and Selling Rates
The buying rate represents the price at which banks or exchange companies purchase Saudi Riyal from customers, whereas the selling rate indicates the price at which they sell the currency. These values are influenced by various factors, including global financial trends, trade balances, and remittance inflows from Pakistani expatriates working in Saudi Arabia.
Market Factors Affecting SAR/PKR Exchange Rate
The Saudi Riyal to Pakistani Rupee conversion rate is primarily driven by market forces and economic conditions. As a significant portion of Pakistan’s foreign remittances comes from workers in Saudi Arabia, fluctuations in remittance inflows can directly impact the SAR/PKR exchange rate.
Moreover, the demand for Saudi Riyal tends to rise during Hajj and Umrah seasons, leading to temporary appreciation in its value against the Pakistani Rupee. On the other hand, economic policies, inflation rates, and foreign exchange reserves also play a crucial role in determining exchange rate stability.
Conclusion
The exchange rate of the Saudi Riyal against the Pakistani Rupee remains dynamic and is influenced by multiple economic and geopolitical factors. Those involved in foreign exchange transactions should keep track of daily updates to make informed financial decisions. Since currency rates fluctuate frequently, it is advisable to check with banks or authorized forex dealers for the latest SAR/PKR rates before conducting transactions.