As of October 9, 2023, the exchange rate for the Saudi Riyal (SAR) to the Pakistani Rupee (PKR) stands at Rs. 75.37. This rate represents the interbank value and reflects the initial rate for the day’s business transactions. It’s worth noting that the rate may fluctuate throughout the day based on the demand for foreign currency in the market.
Keep an Eye on the Closing Rate
State Bank of Pakistan (SBP) Closing Rate
For the most accurate and up-to-date information on the SAR to PKR exchange rate, we recommend checking back at the end of the business day. The closing exchange rate, which is provided by the State Bank of Pakistan (SBP), will give you the final valuation for SAR to PKR on October 9, 2023.
Open Market Rates
Differences Between Interbank and Open Market Rates
It’s common for the SAR to PKR rate in the open market to be slightly higher than the interbank rate offered by banks when purchasing foreign currency from customers. This difference is due to various factors, including market forces and operational costs. Importantly, all incoming remittances to customers’ bank accounts are credited at the interbank rates, ensuring transparency and fairness.
SAR Rate at the Start of the Day
SAR Rate on October 9, 2023
At the beginning of the business day on October 9, 2023, the Saudi Riyal (SAR) was valued at Rs. 75.37 against the Pakistani Rupee (PKR). It’s important to keep in mind that exchange rates can fluctuate, and the closing rate will be updated by SBP at the end of the day.
Closing Interbank Rate
SAR to PKR Exchange Rate (October 9, 2023)
Here’s a summary of the SAR to PKR exchange rate for today, October 9, 2023, along with a comparison to the previous day’s rate:
- Date: October 9, 2023
- Exchange Rate (PKR): Rs. 75.37
- Change (PKR): No change compared to October 6, 2023, when it was also Rs. 75.37.
For the latest updates on currency exchange rates and financial news, please stay tuned to our news site.
Also, Check the 9 October 2023 – AED to PKR – Dirham Rate in Pakistan Today