In a significant development, the State Bank of Pakistan has officially declared the Interbank exchange rate for today, pegging 1 Saudi Riyal (SAR) at PKR 76.75. This rate is deemed as the authoritative figure for financial transactions.
Interbank and Open Market Discrepancy
It’s noteworthy that the buying and selling rates for the Saudi Riyal to Pakistani Rupee differ not only in the interbank but also in the open market. As of today’s update, the open market rates stand at PKR 76.30 for buying and PKR 77.00 for selling.
Intriguing Market Dynamics
Analyzing the trading dynamics, the SAR to PKR rate has experienced a modest rise of PKR 0.08 or 0.104% in the Interbank market. This subtle shift indicates a nuanced trend in the forex market.
Weekly Performance Overview
This week witnessed a decrease in the value of SAR against PKR in the open market, with the Pakistani Rupee depreciating by PKR -0.25 or -0.327%. Notably, the peak conversion rate reached PKR 76.75, while the lowest point was PKR 76.34.
Monthly Fluctuations
Zooming out to a monthly perspective, SAR to PKR exhibited a fluctuation range, hitting a high of PKR 76.75 and a low of PKR 73.8. The buying and selling rates during this period were PKR 76.6 and PKR 76.75, respectively.
Historical Interbank Rates
For a detailed look at the recent history of SAR to PKR Interbank rates, here’s a snapshot:
- Today: Buying at 76.6, Selling at 76.75
- 15 Nov, 23: Buying at 76.60, Selling at 76.75
- 14 Nov, 23: Buying at 76.52, Selling at 76.67
- 13 Nov, 23: Buying at 76.37, Selling at 76.52
- 12 Nov, 23: Buying at 76.37, Selling at 76.52
- 11 Nov, 23: Buying at 76.37, Selling at 76.52
- 10 Nov, 23: Buying at 76.33, Selling at 76.50
- 09 Nov, 23: Buying at 76.33, Selling at 76.48
- 08 Nov, 23: Buying at 76.19, Selling at 76.34
- 07 Nov, 23: Buying at 75.40, Selling at 75.55
- 06 Nov, 23: Buying at 75.40, Selling at 75.55
Stay tuned for more updates on the dynamic SAR to PKR exchange rate landscape.
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