Saudi Riyal to PKR exchange rate
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MG News | December 05, 2024 at 08:51 PM GMT+05:00
December 05, 2024 (MLN): The exchange rates for the Saudi Riyal (SAR), UAE Dirham (AED), and Qatari Riyal (QAR) showed minor movements against the Pakistani rupee (PKR) in today’s session, maintaining a largely stable trend.
Exchange companies quoted SAR at 73.68 for buying and 74.20 for selling. AED followed suit, with a buying rate of PKR 75.45 and a selling rate of PKR 76.00.
Similarly, QAR held its ground, bought at PKR 76.04 and sold at PKR 76.54.
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Exchange rate stability portrays a steady economic environment, boosting the confidence of those engaged in cross-border trade and investment.
| Currency | 5-Dec-24 | 4-Dec-24 | 1D | 1M | FYTD | CYTD | ||||||
| Bid | Ask | Bid | Ask | |||||||||
| SAR | 73.68 | 74.2 | 73.66 | 74.2 | 0.00 | 0.00% | 0.16 | 0.22% | 0.4839 | 0.65% | 1.5226 | 2.05% |
| AED | 75.45 | 76 | 75.41 | 76 | 0.00 | 0.00% | 0.0304 | 0.04% | 0.3731 | 0.49% | 1.3058 | 1.72% |
| QAR | 76.04 | 76.54 | 76.04 | 76.53 | -0.01 | -0.01% | 0.0338 | 0.04% | 0.4127 | 0.54% | 1.3503 | 1.76% |
Change is on Ask price
Since a significant portion of the Pakistani diaspora resides in Middle Eastern countries, the exchange rates of PKR against AED and SAR are closely monitored for remittances and business transactions.
The Middle East region has been serving as the primary source of energy imports and foreign remittances.
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