The reported exchange rate between the Saudi Riyal (SAR) and the Pakistani Rupee (PKR) for August 25, 2023 is documented as Rs. 80.03. The figure provided above illustrates the interbank rate observed at the beginning of the present business day. This rate is subject to change based on the current demand for the specific foreign currency in the market.
It is recommended to consult the State Bank of Pakistan (SBP) for the official closing exchange rate between the Saudi Arabian Riyal (SAR) and the Pakistani Rupee (PKR) at the end of the business day.
In contrast, a notable observation is that the informal market often exhibits a somewhat higher exchange rate between the Saudi Arabian Riyal (SAR) and the Pakistani Rupee (PKR) compared to the interbank rate provided by financial institutions for the acquisition of foreign currency from their customers. Furthermore, it is important to acknowledge that the crediting of all incoming remittances to clients’ bank accounts is determined by interbank rates.
Saudi Riyal Rate in Pakistan Today
On the morning of August 25, 2023, the exchange rate between the Saudi Riyal (SAR) and the Pakistani Rupee (PKR) was recorded at Rs. 80.03. However, it is important to note that the aforementioned item should be accompanied by the final exchange rate between the Saudi Riyal and the Pakistani Rupee in the interbank market at the end of the day’s business operations.
Closing Interbank Rate
In addition, the subsequent table displays the interbank exchange rate between the Saudi Riyal and the Pakistani Rupee in Pakistan on the specific date of 25 August 2023. It is vital to acknowledge that this information is regularly updated at the close of the business day. In addition, the dataset also encompasses the fluctuation in value (measured in Pakistani Rupees) compared to the previous day.
SAR to PKR Rate in Pakistan Today
| Date | Exchange Rate | Change (PKR) |
|---|---|---|
| 25 August 2023 | Rs. 80.03 | – |
| 24 August 2023 | Rs. 80.03 |