The cost of purchasing one Saudi Riyal would be Rs73.55 in Pakistan but the selling price costs Rs74.1 in the open market. To date 19th October 2024, the buying price has gone down by 5 paise as compared to yesterday’s rate which was Rs73.6.
With this current rate, 500 Saudi Riyals equate to Rs36,775. On the other hand, 1,000 Saudi Riyals convert into Rs73,550 in Pakistani Rupees.
However, on the other side, the value of the Saudi Riyal has a minor depreciation against the Pakistan Rupee. The selling rate is discovered at Rs74.20. Thus, 500 Saudi Riyals amount to Rs37,100, and 1,000 Saudi Riyals sum up to Rs74,200 at the selling rate.
This devaluation of the value of the riyal exemplifies a slight discrepancy in the currency exchange rate that is applicable to the sum figures of the conversion amounts in the open market.
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