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Saudi Riyal to PKR Rate Today – 19 August 2024

Published

3 weeks ago

August 19, 2024

Admin

Saudi Riyal to PKR Rate Today – 19 August 2024. As of today, 19 August 2024, the exchange rate for the Saudi Arabian Riyal (SAR) in Pakistan is steady. In the open market, the buying rate for 1 SAR is Rs. 73.85, while the selling rate stands at Rs. 74.55, according to data from forex.pk. Notably, the Riyal has maintained its value against the Pakistani Rupee, showing no fluctuation from the previous trading sessions.

Recent SAR to PKR Exchange Rates

The exchange rate data shows that the SAR has been stable in recent days:

August 17, 2024: Rs. 73.85
August 16, 2024: Rs. 73.85

This stability in the exchange rate reflects a consistent demand and supply balance for the Riyal in Pakistan’s open market.

Saudi Riyal (SAR)

The Saudi Riyal is the official currency of Saudi Arabia, abbreviated as SAR or sometimes SR. It is further subdivided into 100 smaller units known as halalas. The currency plays a crucial role for the large Pakistani expatriate community in Saudi Arabia, which numbers over 2.7 million. For these expatriates, the SAR to PKR exchange rate is of significant importance as they regularly send remittances back to Pakistan.

Current Conversion Rates

For those looking to convert Saudi Riyals into Pakistani Rupees, here are some examples based on the current rate:

500 Saudi Riyal to PKR: As of August 17, 2024, 500 SAR is equivalent to Rs. 36,925.
1000 Saudi Riyal to PKR: Similarly, 1,000 SAR equals Rs. 73,850.

These conversions are calculated using the stable rate of Rs. 73.85 per SAR as observed in the open market.

Converting Saudi Riyals to Pakistani Rupees

If you are in possession of Saudi Riyals and wish to convert them to Pakistani Rupees, you can do so by visiting banks or authorized exchange companies in Pakistan. These institutions will provide you with the current exchange rates and assist in converting your currency efficiently.

Conclusion

This stable exchange rate of the SAR against the PKR is reassuring for those involved in transactions between the two currencies, especially the Pakistani community in Saudi Arabia who frequently remit money back home.

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OMR to PKR and Other Currency Rates in Pakistan – 20 August 2024

Published

3 weeks ago

August 20, 2024

Admin

OMR to PKR and Other Currency Rates in Pakistan – 20 August 2024. As of 20 August 2024, the exchange rate between the Omani Riyal (OMR) and the Pakistani Rupee (PKR) is as follows: the buying rate is PKR 725.45, while the selling rate is PKR 729.82. These figures represent the rate at which you can purchase or sell Omani Riyals in exchange for Pakistani Rupees, according to the rates provided by the Pakistan Open Market.

Omani Riyal to PKR Exchange Rates

The exchange rate of Omani Riyal to PKR is a crucial indicator for businesses and individuals engaged in financial transactions between Pakistan and Oman. It reflects the value of one Omani Riyal in terms of Pakistani Rupees. It’s important to note that exchange rates are not static; they fluctuate continuously due to various factors, including global economic conditions, geopolitical events, and changes in the supply and demand for currencies.

The data provided here is sourced from the Forex Association of Pakistan, a trusted authority on currency exchange in the country. This information can be particularly useful for anyone looking to convert their currency at the most favorable rate.

The Dynamics of Currency Exchange Rates

Currency exchange rates, including the OMR to PKR rate, are influenced by multiple global factors. These rates can change multiple times a day based on real-time trading activities, economic reports, interest rates, and political stability, among other factors. Understanding these fluctuations can help you make informed decisions about when to buy or sell currency.

For individuals planning to travel, engage in international trade, or remit money abroad, keeping track of these rates is essential. By doing so, one can optimize the value received when converting currencies.

Current Currency Rates in Pakistan Open Market (as of 20 August 2024)

In addition to the OMR to PKR rate, here are some other key currency exchange rates in the Pakistan Open Market:

Currency	Buy (PKR)	Sell (PKR)
USD – US Dollar	279.4	280.5
EUR – Euro	303.7	305.9
GBP – British Pound	355.5	357.5
AED – UAE Dirham	75.8	76.5
SAR – Saudi Riyal	73.85	74.55
KWD – Kuwaiti Dinar	905.35	910.5
CAD – Canadian Dollar	202.65	207
AUD – Australian Dollar	183.9	187.5
OMR – Omani Riyal	723.4	728.5
JPY – Japanese Yen	1.91	1.99
MYR – Malaysian Ringgit	58.75	59.55
QAR – Qatari Riyal	76.44	77.14
BHD – Bahrain Dinar	738	743.5
THB – Thai Bhat	7.57	7.72
CNY – Chinese Yuan	38.29	38.69
HKD – Hong Kong Dollar	35.68	36.03
DKK – Danish Krone	40.03	40.43
NZD – New Zealand Dollar	169.34	171.34
SGD – Singapore Dollar	202	204
NOK – Norwegian Krone	26.14	26.44
SEK – Swedish Krona	26.27	26.57
CHF – Swiss Franc	319.5	324.5
INR – Indian Rupee	3.34	3.45

Conclusion

The exchange rates provided above are essential for anyone engaging in currency transactions in Pakistan, whether for personal, business, or investment purposes. Staying updated with these rates ensures that you can convert your currency at the most favorable rates, maximizing the value of your money. Always consider checking the latest rates and consult with a financial expert if you are planning large currency exchanges or investments.