Open Market Currency Rates in Pakistan
When talking about the Pakistan exchange rate, the open market rates have great significance as they offer an overall outlook about the latest situation and trending scenarios in the market. As free trade becomes much more common in the world, it is now crucial for Pakistani organizations to be aware of the Currency Rate in Pakistan including its key cities such as Karachi, Lahore, Islamabad, and Peshawar.
Pakistani rupee exchange rate in this week at the open market faced slight fluctuation. In Pakistan, foreign currency exchange rates fluctuate daily, thus the market and determining factors have an impact. Today currency rate in Pakistan Dollar to PKR open market is 282, the Euro is 335, the British Pound to PKR open market is 383, UAE and Dirham is 77. The open market rates Pakistani currency exchange traders provide compute the USD/PKR exchange rate. On the other hand, bank exchange rates for the US dollar are slightly lower than those available on the open market or at currency exchanges.
Current Currency Rate Trends in Pakistan
The currency rates in Pakistan have been fluctuating in the last few years. Mainly because of changes in the global market scenario, the prices of oil surged, and local economic issues, the Rupee has seen going up and down that cause fluctuations. Most people keep gazing at the Dollar to Rupee ratio, being the most frequently used foreign exchange rate among businesses and travelers.
Introduction About Currency Exchange
Aside from purchasing and selling of products, monetary standards are additionally exchanged between open market rates of various nations. Worldwide banks, most popular being Deutsche Bank, Barclays, HSBC, Standard Chartered, Citi, and so forth are associated with fixing the pace of currency rate exchange at the international level.
In Pakistan, you can exchange money as follows:
- Pakistan Currency Exchange Company (Pvt.) Ltd.
- NBP Exchange Company Ltd.
- HBL Currency Exchange (Pvt.) Ltd.
- AA Exchange Company (Pvt.) Ltd.
- Al-Rahim Exchange Company(Pvt.) Ltd.
- D.D Exchange Company (Pvt.) Ltd.
- Al-Hameed Int’l. Money Ex (Pvt.) Ltd.
- Al-Sahara Exchange Company (Pvt.) Ltd.
- Dollar East Exchange Company (Pvt.) Ltd.
- Fairdeal Exchange Company (Pvt.) Ltd.
- Money Link Exchange Company (Pvt.) Ltd.
- Glaxy Exchange Company (Pvt.) Ltd.
Currency Rate in Pakistan
The exchange rate in Pakistan demonstrates the value of one Pakistani Rupee (PKR) against several predominant currencies. Examples of some major currencies are the US Dollar (USD), Euro (EUR), and UK Pound (GBP). The exchange rate fluctuates daily. There are a few factors that can affect the exchange rate at any moment, including the government policy on money, inflation, foreign currency reserves, and any financial trading with other countries, especially the face value of goods sold to China.
The Pakistani rupee is the official currency of Pakistan, with one Rupee consisting of 100 smaller units called paise. The rupee symbol is either Rs or Rp. The rupee's value has changed a lot over the years due to economic issues in Pakistan and all over the world. Recently, the rupee weakened because of Pakistan's large current account deficit and trade difficulties.
Current State and Trends
By November 2025, the Pakistani rupee (PKR) will have weakened slightly relative to last year. Over the past couple of months, the rupee has weakened slightly. The PKR has fluctuated between some rupees for one US Dollar. Inflation in Pakistan is still a major challenge. This affects the strength of the rupee and how much it can purchase with it.
Does the currency rate change daily?
Yes, daily currency rates change based on demand, supply, and market conditions globally.
Who changes currency rates?
Currency rates are changed by banks, the exchange market, and governments & their policies.
How does currency exchange rates affect trade in Pakistan?
Changes in currency exchange rates can influence the costs for imports and the earnings from exports, which ultimately affect the trade balance.
Why is Pakistan's currency so low?
Pakistan's currency is low, the Rupee, based on its high levels of imports, inflation, low levels of foreign reserves, and ongoing economic challenges.