Pakistani rupee saudi riyal exchange rate history (PKR SAR) October 2023

Pakistani rupee saudi riyal history for October 2023. The highest quote for this month is 0.013604 (30/10/2023) and the lowest 0.013675 (23/10/2023). The difference between high and low is -0.52.

PKR SAR average rate for October 2023 is 0.01339, the change between 01/10/2023 and 31/10/2023 is -2.41 %.

01 October 2023	1 PKR = 0.0130 SAR
02 October 2023	1 PKR = 0.0130 SAR
03 October 2023	1 PKR = 0.0131 SAR
04 October 2023	1 PKR = 0.0131 SAR
05 October 2023	1 PKR = 0.0132 SAR
06 October 2023	1 PKR = 0.0135 SAR
07 October 2023	1 PKR = 0.0132 SAR
09 October 2023	1 PKR = 0.0136 SAR
10 October 2023	1 PKR = 0.0134 SAR
11 October 2023	1 PKR = 0.0134 SAR
12 October 2023	1 PKR = 0.0134 SAR
13 October 2023	1 PKR = 0.0135 SAR
16 October 2023	1 PKR = 0.0136 SAR
17 October 2023	1 PKR = 0.0136 SAR
18 October 2023	1 PKR = 0.0136 SAR
19 October 2023	1 PKR = 0.0135 SAR
20 October 2023	1 PKR = 0.0135 SAR
21 October 2023	1 PKR = 0.0135 SAR
22 October 2023	1 PKR = 0.0135 SAR
23 October 2023	1 PKR = 0.0137 SAR
24 October 2023	1 PKR = 0.0135 SAR
25 October 2023	1 PKR = 0.0134 SAR
26 October 2023	1 PKR = 0.0134 SAR
27 October 2023	1 PKR = 0.0134 SAR
29 October 2023	1 PKR = 0.0134 SAR
30 October 2023	1 PKR = 0.0136 SAR
31 October 2023	1 PKR = 0.0133 SAR

16/07/2019: IMF Bailout Package

Pakistan reached an agreement with the IMF for a three-year, $6 billion bailout package to address its balance of payments crisis, affecting the value of the Pakistani rupee.

20/05/2018: SAMA grants licenses for full-fledged digital banks

SAMA issued licenses to two banks for providing digital banking services, reflecting a shift towards digitalization in the financial sector.

21/12/2016: Saudi Arabia introduces the SAR 200 note

A new 200 riyal banknote was introduced, featuring a portrait of King Abdullah bin Abdulaziz Al Saud.

11/12/2013: IMF Loan Program

Pakistan signed a loan agreement with the International Monetary Fund (IMF) to stabilize its economy, resulting in devaluation of the Pakistani rupee.

01/12/2008: Global Financial Crisis

The global financial crisis led to a depreciation of the Pakistani rupee against major international currencies due to economic instability.

20/12/2003: Launch of Riyal Interbank Express (SARIE)

SAMA launched SARIE, a real-time gross settlement system, improving interbank transactions and money transfers.

28/05/1999: Introduction of State Bank of Pakistan

The State Bank of Pakistan was given full autonomous control over the monetary policy, which had a significant impact on the value of the Pakistani rupee.

27/05/1997: Introduction of Saudi Arabian Monetary Agency new design series

SAMA introduced a new series of banknotes with enhanced security features to combat counterfeiting.

30/06/1986: Saudi riyal pegged to the US dollar at 3.75 SAR per USD

Saudi Arabia pegged its currency to the USD, ensuring stability and ease of trade with international partners.

16/12/1971: Separation of East Pakistan

Following the separation of East Pakistan and the formation of Bangladesh, the Pakistani rupee underwent a major devaluation.

01/07/1955: Replacement of Indian Rupee

The Pakistani rupee replaced the Indian rupee as the official currency of Pakistan after the two countries separated.

01/03/1952: Introduction of Saudi Arabian Monetary Agency (SAMA)

SAMA was established as the central bank of Saudi Arabia, responsible for issuing and managing the Saudi riyal.

17/08/1947: Independence of Pakistan

The Pakistani rupee was introduced as the official currency of Pakistan after the country gained independence from British rule.

23/09/1932: Establishment of the Kingdom of Saudi Arabia

The Saudi riyal currency was introduced following the unification of the Kingdom under King Abdulaziz Al Saud.

Historic Pakistani rupee Saudi riyal