Exchange Rates in Saudi Arabia Today
Here you can find the Currency Exchange Rate for Asian Currencies like: India (INR), Pakistan (PKR), Philippines (PHP), Bangladesh (BDT), Srilanka (LKR), Nepal (NPR)
Disclaimer - Exchange Rates are Indicative only , Please confirm the exact rate with Currency Exchange Provider before doing a Transaction.
Arab Local Qatar is not responsible for any rate changes
What Is Exchange Rate?
An Exchange Rate is the rate at which one currency will be traded for another. It is additionally viewed as the estimation of one nation's currency according to another currency.
Trade rates or Exchange rates are determined in the foreign exchange market, which is available to a wide scope of various kinds of buyers and sellers, and where currency trading is continuous: 24 hours a day except weekends, i.e. trading from 20:15 GMT on Sunday until 22:00 GMT Friday. The spot exchange rate refers to the current exchange rate. The forward exchange rate refers to an exchange rate that is quoted and traded today but for delivery and payment on a specific future date.
Fluctuation In Exchange Rate
A market-based exchange rate will depend on the values of either of the two component currencies change. Whenever the demand for currency is greater than the available supply it will become more valuable. It will become less valuable whenever demand is less than available supply
Increased demand for a currency can be due to either an increased transaction demand for money or an increased speculative demand for money.