Currency exchange rate: Saudi Riyal to PKR for December 12, 2024
Saudi money changer displays Saudi Riyal banknotes at a currency exchange shop in Riyadh, Saudi Arabia, Photo: REUTERS
The Saudi Riyal (SAR) saw minor fluctuations in the open market today, with the buying rate at Rs73.95 and the selling rate at Rs74.25, according to the latest rate sheet from the National Bank of Pakistan (NBP).
This slight adjustment in the value of the Saudi Riyal reflects the usual market dynamics, where currency values are subject to daily fluctuations due to a variety of factors including global economic conditions and local demand for foreign exchange.
The Saudi Riyal remains a crucial currency for remittances in Pakistan, with a large number of Pakistani expatriates working in Saudi Arabia.
Many people rely on the exchange of Riyals to send money back home, and the current rates at local banks and exchange companies will be important for those engaging in such transactions.
SAUDI RIYAL (SAR)
- Buying: Rs73.95
- Selling: Rs74.25
On the other, Today, the exchange rates for major currencies showed slight fluctuations in the open market.
The US Dollar (USD) is being traded at a buying rate of Rs277.00 and a selling rate of Rs279.25.
Meanwhile, the British Pound (GBP) stands at Rs353.70 for buying and Rs355.70 for selling,
Similarly, the Euro (EUR) is priced at Rs291.10 for buying and Rs292.60 for selling.