Understanding the SAR to PKR Exchange Rate
The Kingdom of Saudi Arabia hosts over 2.5 million Pakistani expatriates, generating the single largest bilateral remittance inflow into Pakistan's economy each year.
Because the Saudi Riyal is fixed to the US Dollar at a peg of 3.75 SAR per USD, the SAR/PKR exchange rate moves in direct lockstep with the interbank USD/PKR market.
Expatriates transferring money from Riyadh, Jeddah, Dammam, and Medina frequently compare Tahweel Al Rajhi, Western Union, and digital money transfer apps to avoid excessive retail exchange margins.