Al Rajhi Bank is a prominent Islamic bank in Saudi Arabia, offering customers a wide range of financial services. A foreign exchange service is among these services, which allows customers to exchange Saudi Riyals (SAR) for other currencies, including Pakistani Rupees. In this article, we will discuss the Saudi Riyal to Pakistani Rupee exchange rate and the factors that influence it at Al Rajhi Bank.
Table of Contents
Exchange Rate of Al Rajhi Bank for SAR to PKR
| Date | Exchange Rate |
|---|---|
| Sunday 2 April 2023 | 1 SAR = 75.5091 PKR |
| Saturday 1 April 2023 | 1 SAR = 75.6338 PKR |
| Friday 31 March 2023 | 1 SAR = 75.6326 PKR |
| Thursday 30 March 2023 | 1 SAR = 75.5792 PKR |
| Wednesday 29 March 2023 | 1 SAR = 75.4842 PKR |
| Tuesday 28 March 2023 | 1 SAR = 75.4294 PKR |
| Monday 27 March 2023 | 1 SAR = 75.4595 PKR |
IntraDay Range: 75.5431 PKR – 76.07 PKR
Conversion Rates:
- 1 SAR = 380.35 PKR
- 5 SAR = 1901.74 PKR
- 10 SAR = 3803.48 PKR
- 50 SAR = 19017.41 PKR
- 100 SAR = 38034.82 PKR
- 500 SAR = 190174.10 PKR
According to market conditions, the exchange rate between Al Rajhi Bank and Pakistani Pakistani PKR may fluctuate. 1 SAR equals 43.95 Pakistani Pakistani rupees as of April 3, 2023. Nevertheless, this rate fluctuates based on a variety of factors, including economic indicators, global market trends, and political events.
Factors Influencing the Exchange Rate of SAR to PKR
The exchange rate between SAR and PKR is influenced by a number of factors, and these factors may change over time. Listed below are some factors that may affect the exchange rate:
- Economic Indicators: A currency’s exchange rate is affected by economic indicators such as inflation, gross domestic product (GDP), and interest rates. A country’s currency value will increase when its economy is performing well, and it will decrease when its economy is performing poorly. The exchange rate of SAR to PKR therefore can be significantly affected by changes in economic indicators.
- Political Events: The exchange rate of a currency can be heavily influenced by political events like changes in government policies, election results, and geopolitical tensions. In the event of political instability in Saudi Arabia, the value of SAR may decrease, resulting in a lower SAR-PKR exchange rate.
- Global Market Trends: The exchange rate of currencies can also be affected by global market trends like changes in commodity prices, stock market performance, and foreign investment. Saudi Arabia’s primary export, oil, can increase in value, resulting in a higher exchange rate for SAR to PKR if the price of oil increases.
Conclusion
In order to make informed decisions when exchanging currencies, Al Rajhi Bank monitors a variety of factors, including economic indicators, political events, and global market trends. To exchange SAR into PKR and other currencies conveniently and hassle-free, Al Rajhi Bank offers a convenient and hassle-free foreign exchange service.
