The Pakistani Rupee (PKR) has made minor gains against the Saudi Riyal (SAR) on Wednesday.
The SAR's buying rate decreased to Rs. 73.95, while the selling rate dropped to Rs. 74.34.
This marked a small decline from the previous day's rate, which was Rs. 73.99 on December 3, 2024.
The Saudi Riyal remains vital for many Pakistanis, as Saudi Arabia is a major source of remittances to Pakistan.
The exchange rate fluctuations directly affect Pakistani expatriates and their families who send money back home. At the current rate, 500 SAR is equal to Rs. 36,975, and 1,000 SAR equals Rs. 73,950.
The Saudi Riyal (SAR) is the official currency of Saudi Arabia, subdivided into 100 halalas. It is pegged to the US Dollar.
Those exchanging currency between Saudi Arabia and Pakistan should stay updated on the latest rates, as even minor changes can impact financial transactions. Many people use authorised exchange companies and banks in Pakistan for converting currency.
As exchange rates change, it's essential for travelers and expatriates to be informed so that they can make the most of the rates when converting their money.
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