Saudi Riyal Stays Stable in Pakistan’s Open Market on November 20, 2024
The Saudi Riyal held steady in Pakistan’s open market on Wednesday, with the buying rate fixed at Rs73.65 and the selling rate remaining unchanged at Rs74.20. This consistency was observed on the third day of the business week.
| Date | Latest Exchange Rate | Change |
|---|---|---|
| November 20, 2024 | Rs. 73.65 | 0 |
| November 19, 2024 | Rs. 73.65 |
Saudi Arabia is a key source of remittances for Pakistan, and many Pakistani expatriates returning home rely on currency exchanges. The Saudi Riyal (SAR), also known as SR, is the official currency of Saudi Arabia, with one Riyal divided into 100 halalas.
As of November 20, at a rate of Rs73.65 per Riyal, 500 Saudi Riyals are equivalent to Rs36,825 in Pakistani Rupees. Similarly, 1,000 Saudi Riyals are worth Rs73,650.
Individuals carrying Saudi Riyals can visit banks or exchange company branches in Pakistan to convert their SAR into PKR at the current open market rate of Rs73.65.
