Riyal to PKR – Real-Time Exchange Rates, Market Trends & Forecast in Pakistan

Riyal to PKR

Understanding the Riyal to PKR exchange rate is vital for millions of Pakistanis, especially those connected with Saudi Arabia through business, labor, or family ties. The conversion rate of the Saudi Riyal (SAR) to Pakistani Rupee (PKR) plays a crucial role in remittances, imports, exports, Hajj & Umrah arrangements, and overall financial planning.

In this comprehensive guide, we present a deep dive into the latest Riyal to PKR exchange rates, historical trends, market analysis, influencing factors, and future predictions.

Latest Riyal to PKR Exchange Rate in Open Market

The current exchange rate of 1 Saudi Riyal (SAR) to Pakistani Rupee (PKR) in the open market typically fluctuates between PKR 74 to PKR 76 depending on the region, demand, and economic conditions.

As of today, the average open market rate is:

• Buying Rate: PKR 74.50

• Selling Rate: PKR 75.30

These rates may vary slightly in different cities and exchange companies such as Link Exchange, Al-Falah Exchange, and others operating in Lahore, Karachi, Islamabad, and Multan.

Live Interbank SAR to PKR Rate

In the interbank market, where banks and financial institutions conduct large-scale currency exchanges, the rates are slightly different. The interbank rate is generally lower than the open market rate.

• Interbank Rate: PKR 73.90 to PKR 74.20

However, general consumers often access the open market rate rather than interbank rates due to the availability and flexibility offered by currency exchange companies.

Historical Performance of Riyal Against the Pakistani Rupee

2020–2023 Historical Overview

The Riyal to PKR exchange rate has witnessed significant volatility in the past few years due to various economic and geopolitical factors.

• 2020: Average SAR to PKR was PKR 41–45.

• 2021: Increased to PKR 48–50 due to devaluation of PKR.

• 2022: Jumped to PKR 60–66 following political instability and soaring import bills.

• 2023: Reached highs of PKR 75–78, driven by IMF loan delays and dollar shortages.

Current Year Overview (2024–2025)

In early 2025, SAR to PKR continues to hover around PKR 74–76, showing signs of relative stability due to improved foreign reserves and a narrowing current account deficit in Pakistan.

Factors Influencing the Riyal to PKR Rate

1. Oil Prices and Remittances

Since Saudi Arabia is one of the largest oil exporters, fluctuations in global crude oil prices directly affect its economic stability, which in turn influences remittance flows to Pakistan. A rise in oil prices boosts Saudi revenue and increases remittances, causing the Riyal to PKR rate to improve for Pakistan.

2. Economic Stability in Pakistan

Macroeconomic indicators like inflation rate, foreign exchange reserves, trade deficit, and IMF negotiations heavily impact PKR’s strength. Political uncertainty or delay in external financing causes the Rupee to fall against the Riyal.

3. Hajj and Umrah Seasons

During the Hajj and Umrah seasons, the demand for Saudi Riyals surges significantly. This seasonal increase in demand can lead to a spike in the SAR to PKR exchange rate in the local open market.

4. Interbank Dollar Availability

The availability of USD in interbank reserves plays a critical role. Since Riyal is pegged to the US Dollar (1 USD = 3.75 SAR), a shortage of USD indirectly causes the SAR to PKR rate to rise.

Difference Between Interbank and Open Market Rates

Where to Exchange Riyal in Pakistan

Currency exchange companies operating in different cities offer competitive rates. Some of the trusted names include:

• Link Exchange (Lahore – highly trusted in Shahdara, Gulberg, Model Town)

• Al Falah Exchange

• Wall Street Exchange

• Pakistan Currency Exchange

Always carry your CNIC or passport when exchanging currency, and ensure the rates are updated from reliable sources.

How to Check Live Riyal to PKR Rates

For accurate and real-time SAR to PKR rates, you can use the following sources:

• XE.com – Global exchange rate updates

• SBP (State Bank of Pakistan) – Interbank rates

• Local Currency Exchange Apps – Such as Forex.pk, PakCurrency, and UrduPoint

• Exchange Companies – Link Exchange or your local trusted provider

Online Platforms and Mobile Apps to Monitor Rates

Several digital platforms now offer live Riyal to PKR exchange rates, historical charts, and even alerts when your desired rate is reached.

Top apps and websites include:

• Currency Converter by Google

• Forex.pk SAR to PKR Live Chart

• Investing.com Currency Tracker

• SamzSquare Currency Watch – For Lahore-specific open market rates

Forecast – What’s Next for SAR to PKR in 2025?

Experts predict that if Pakistan continues to strengthen its foreign reserves, secure IMF deals, and increase remittance inflow, the PKR may gain stability against the Riyal in the second half of 2025.

However, if oil prices soar or political turmoil returns, SAR could touch PKR 77–78 again. Monitoring both regional and international economic indicators is essential to forecast accurate trends.

Smart Tips for Exchanging Riyal to PKR

• Compare rates at different exchange companies before converting.

• Use apps with real-time alerts to catch favorable rates.

• Avoid black market transactions – always go through authorized dealers.

• Exchange during mid-week – Mondays and Fridays usually have more rate volatility.

• During Hajj and Umrah, exchange your currency in advance to avoid seasonal spikes.

Conclusion

The Riyal to PKR exchange rate is more than just numbers – it's a reflection of economic health, regional relations, and financial strategies. Whether you're a Pakistani working in Saudi Arabia, planning Hajj/Umrah, or trading across borders, staying updated on this rate is essential.

We recommend keeping an eye on market forecasts, economic developments, and choosing trusted exchange companies like Link Exchange for safe transactions.