Currency Rate in Pakistan Today

Open Market vs Interbank Rates

• The open market rate is what you'll actually pay or receive at a currency exchange counter for physical cash used for travel, tuition, or sending money for personal reasons.
• The interbank rate handles big bank-to-bank transactions under SBP guidelines, while open market rates stay slightly higher to include local currency handling margins.

Where to Exchange Currency in Pakistan?

In Pakistan, foreign currency can be exchanged at licensed exchange companies such as Dollar East Money Exchange, AA Exchange, Wall Street Exchange, Ravi Exchange and Link International Exchange, as well as bank-backed counters at HBL, MCB, NBP, Bank Alfalah and UBL.

A few things worth keeping in mind before you go:

• Only use State Bank-licensed exchange companies and verify their license if needed.
• Rates vary slightly between money changers, so compare two or three rates before making a large trade.
• Bring your original CNIC, as it is required for currency exchanges in Pakistan.
• Banks often offer better rates than street exchanges for large sums.

What Affects Currency Rates in Pakistan?

• Import and export totals
• Money sent home by overseas workers
• State Bank interest rates and cash reserves
• World oil prices and global dollar trends

How often do currency rates change in Pakistan?

Rates adjust daily according to open market supply, interbank trading and global currency shifts.

Where can I check real-time exchange rates in Pakistan?

Live open market and interbank rates for USD, SAR, AED and EUR update continuously on Hamariweb’s finance portal.

Why do open market and interbank rates differ?

Interbank rates govern official banking and import transactions whereas open market rates apply to exchange companies and cash trading.