Thursday, July 18, 2024

Saudi Riyal Hits Two-Month Low Against Pakistani Rupee, Here’s Latest Rate

The decline of the Saudi Riyal (SAR) to a two-month low against the Pakistani Rupee (PKR) suggests fluctuations in currency exchange rates that have economic implications for both Saudi Arabia and Pakistan.

The exchange rate for 1 Saudi Riyal (SAR) to Pakistani Rupees (PKR) has experienced a decrease. It was previously at PKR 79.83 and has now declined to PKR 74.64.

Moreover, the buying and selling rates for Saudi Riyal (SAR) to Pakistani Rupee (PKR) often vary between the interbank and open market rates. In this case, the SAR to PKR rate has decreased by Rs0.29 in open market trading.

However, monitoring these currency fluctuations is essential for both nations to manage their economic stability and trade relationships effectively.

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