11 May 2023, today 1 Saudi Riyal (SAR) against the Pakistani rupee is 77.38 in the interbank. However, SAR to Pakistani rupee Selling and buying rates differs in the interbank and open market. SAR rate has increased PKR. 1.43 in interbank rate.
If you examine the monthly SAR to PKR rate, then you will see a fluctuating graph. The highest rate recorded is PKR. 77.38 and the lowest is PKR. 75.55. Last week, there was a downing of PKR. -1.76 in the Pakistan Rupee against Saudi Riyal.
SAR to PKR Stats
| SAR TO PKR | LAST 30 DAYS | LAST 90 DAYS |
| High | 77.38 | 77.38 |
| Low | 75.55 | 69.42 |
| Average | 75.8 | 77.43 |
If you look at the past 90 days, then the highest SAR to PKR rate is Rs. 77.38, but the lowest rate is Rs. 69.42 with an average rate of Rs. 74.43.
Today the SAR buying rate in interbank is PKR. 77.23. it is the rate at which anyone can purchase the SAR currency using the local currency, such as PKR in Pakistan.
Today the SAR selling rate in the interbank is 77.38. It is a rate at which anyone can sell or exchange currency from the money exchange center, banks, or any other institution.
Today 1 SAR against PKR is RS. 77.38. Over the past 30 days history, the SAR currency has increased from the Pakistani Currency.
Saudi Riyal Against Pakistani Rupee in Open Market today
SAR to PKR rate differs a little bit in the open market than in the interbank. Today May 11, 2023, SAR to PKR rate in an open market is Rs. 88. it usually fluctuates daily, and it is not fixed. So, its graph changes every day.
Saudi Currency Historical Background
Saudi Arabia, known as the Kingdom of Arabia, is in the Arabian. It strictly follows the Muslim and Arab Culture and their customs and traditions. The country is well-known for pilgrimage as it has the Sacred Places Makkah and Madina.
Apart from the traditions and Culture, the country’s official currency is the Saudi Riyal, which is symbolized as SAR. This currency is present in the Kingdom of Hejaz before the establishment of the Kingdom of Arab. Saudi Riyal was introduced in 1935 replacing the Hejaz coin. It has seen many ups and downs like the Pakistani Currency.
SAR rates are very important nowadays in Exchange Market due to strong ties between Pakistan and Saudi- Arabia. Thousands of Pilgrimages of every year visit Makkah and Madina to perform Hajj. Aside from that, both countries have strong relationships and always support each other in difficult times. Pakistan also imports many things from Saudi Arabia.
Conclusion
Saudi Riyal and Pakistani Ruppe rates change every day in the form of fluctuation. So, you must regularly check and keep an eye on the rate if you are buying or selling the SAR currency.
