Interbank Rates in Pakistan

13 Jul, 2020 - Interbank Currency Rates refers as State Bank rates in Pakistan. Inter-bank Exchange rates or conversion rate in PKR Pakistani Rupee that daily updates in all major currencies includes US Dollar, UAE Dirham AED, Saudi Riyal SAR, Euro Rate EUR, British Pound GBP Rates and all other currencies as are listed here.

  • Interbank USD to PKR is: PKR 166.9
  • Interbank UAE Dirham to PKR is: PKR 45.45
  • Interbank Saudi Riyal to PKR is: PKR 44.51
  • Interbank UK Pound to PKR is: PKR 211.26

Currency Buying TT Clean Selling TT & OD
 US Dollar 166.4 166.9
 Euro 188.48 189.05
 UK Pound Sterling 210.59 211.26
 U.A.E Dirham 45.29 45.45
 Saudi Riyal 44.35 44.51
 Canadian Dollar 122.65 123.02
 Australian Dollar 116.03 116.38
 Japanese Yen 1.5551 1.5591
 Thai Bhat 5.32 5.34
 Chinese Yuan 23.87 23.97
 Hong Kong Dollar 21.55 21.62
 Danish Krone 25.15 25.21
 Singapore Dollar 119.86 120.23
 Swedish Korona 17.94 17.99
 Swiss Franc 176.46 177.05
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Interbank Rate Today - This platform will give its users an incredible service by offering them an accurate and proper Interbank Rate Today. You can avail this offer at any time it is free of cost and available every-time. This site will daily update interbank exchange rate along with Buying TT Clean and Selling TT and OD.

However, the question popup in mind that; what is Interbank? For understand its meaning let’s continue the reading.

Interbank

Interbank or interbank market is considered as a worldwide market where the trading currency is in the hands of global firms and banks instead of government. Here the bank has the sole authority to exchange the traded money at a particular rate or may be on wholesale rate. In simple words interbank is the bank that offers the opportunity to various large firms or banks direct trading with each other via online platform or Electronic Broking Service and involve in direct transaction.

Participants of Interbank

As mentioned above that in interbank market large firms or usually banks will involved which include; commercial banks, central banks, brokers, funding organizations and trading companies. Here every participant has their own market that is formerly known as interbank market.

Further, in several countries rules and regulations will be implemented on interbank market and these rules must be prohibited while interbank trading.

Interbank Rate

On contrary, the interbank rate is the rate of interest that is charged by the bank on the behalf of short loans as bank give an opportunity of borrowing and lending money in interbank market so it will decline the pressure and burden of withdrawals by offering interest on every exchanging currency. Whereas, the interbank rate is also referred to an interbank exchange rate on which the paid by the bank at a specific rate and time period to other bank in case of trading currencies. Hence, the banks will tend to increment interbank exchange rate by buying and selling of foreign currencies in bulky amount and give it to the investors in higher rates. Investors will save these foreign money and when they withdrawal it they will get double or higher amount. Thus, it is very significance for the countries to keep an update of interbank rate today

Interbank Rates in Pakistan

The banks play a significant role in the life of a money exchanger as they enable various benefits and interest on money conversion but only regular and frequent investors have a chance to gain bounties on money exchange. The interbank exchange rate today is depending upon the International banks that the value and time period they had set for currency trading will determine interbank exchange rate.

However, in Pakistan the interbank rate today for currencies exchanging is not differ from the open market rate because in Pakistan the banking sector will offer more interest rates on money exchanged that is not suitable and favorable for investors who want less money for exchanging purposes. However, if you see from the investing point of view then definitely go to national bank of Pakistan to exchange money.

USD to PKR Interbank Rate

Besides that, if we talked about interbank dollar rate so it is always favorable for the countries as the USD dollar is relating to leading currency and most traded one because of its value and estimation. In such ways the USD is directly affect the PKR and we need to keep an eye on USD to PKR Interbank rate. And it is also necessary for Pakistan to accountable the economic condition of the country and this can be only happen after constant checking on interbank dollar rate.

All of this can go through this web portal; from here you will comfortably access USD to PKR Interbank rate that is based upon live and updated rates. The page will also caters the users by offering them proper and accurate interbank rate today in Pakistan along with different currencies. Lastly, you will also get open market forex rates and International forex rates.

So just stick to this page if you are looking for USD conversion rate, AED conversion rate, SAR conversion rate, AUD conversion rate, etc.

Comments on Currency Rates in Pakistan

This website is very informative all over
By: Sobia on Wed 08 Jul, 2020
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By: Laraib Javed on Fri 19 Jun, 2020
The every inter bank rates are now mention here that should give us the whole updated details with their current rates.. Thanks
By: saad on Tue 16 Jun, 2020
By analyzing interbank rates, we can simply analyze different currency rates on this page.
By: yasir on Mon 01 Jun, 2020
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By: Hammad on Fri 05 Apr, 2019
Merry pass 1050 dollar hy mojay kitny pakistan rupees milly gy
By: Naveed Ahmed sheikh on Tue 19 Feb, 2019
Merry pass 1050 dollar hy mojay kitny pakistan rupees milly gy
By: Naveed Ahmed sheikh on Tue 19 Feb, 2019
Anyone have a idea rate off dollar from January to march ...
By: SHAKEEL on Sun 06 Jan, 2019
Anyone have a idea rate off dollar from January to march ...
By: SHAKEEL on Sun 06 Jan, 2019
I need $1000, how can i get and exchange cost in PKR . Urgent please.
By: Azam on Sat 01 Dec, 2018
When we online transfer PKR in to dollar then this rate will be applied ?
By: Saeed on Fri 30 Nov, 2018
Dollar rate upto 150 in December 1st week
By: Naseem khan on Fri 30 Nov, 2018
I need dialy rates update
By: Umer on Mon 12 Nov, 2018
salam o allikum send me to day interbank rate
By: jehanzeb khan on Fri 26 Oct, 2018
Is this growth of Riyal graph concrete or just temporarily booming???
By: Musawer Khurshid on Sat 20 Oct, 2018
i need daily Kuwaiti dinar rates
By: Mani on Tue 28 Aug, 2018
I need Interbank Currency Exchange Rates on daily basis.
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I need sr rated a Daley
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I need daily usd rate open markete and interbank
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i need daily USD open market and Inter bank Rate
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I need dly usd dollar and Kuwaiti dinner rates
By: Muhammad Aleem on Mon 25 Jun, 2018
euro nowrate any one detail what is euro rate to?
By: muhammad tayyab on Sun 29 Apr, 2018
i need daily Saudi riyal rate
By: Muhammad Anis Idrees on Sun 29 Apr, 2018
Soadia Arabia reyal Ka kya rate★hai 1,4,2018 please tell me
By: Mohammed Ali on Sun 01 Apr, 2018
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By: ibrar on Wed 31 Jan, 2018
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By: Muhammad Ayaz on Sun 21 Jan, 2018
Can anybody please tell What liquid assets in reserve USA has?
By: Muhammad on Fri 29 Dec, 2017
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By: amin on Sat 25 Nov, 2017
THE WHOLE DETAILED SUMMARY FOR REQUIRED MONTHS IS REQESTED 01 104.80 02-104.80 3-104.80
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By: Abdul majeed on Wed 23 Aug, 2017
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By: Amjad Ali on Fri 21 Jul, 2017
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By: Farah asad on Fri 07 Jul, 2017
what are the reasons that pakistani currancy is much low
By: abdul reman on Mon 03 Jul, 2017
What is the best way to send money in $ frm pakistan to cyprus.need assistance. Regards
By: Aamir on Mon 17 Apr, 2017
Hi . kidly send me daily currency rates & updates including Brazilian Currency Real . thanks
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By: Ali on Tue 14 Mar, 2017
Please tell me the Iraqi dinar rate into pkr?
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