Currency Rate in Pakistan Today

Open Market Currency Rates in Pakistan - Last updated currency rates according to the Forex Association of Pakistan on 19 May, 2022 04:58:47 AM are US Dollar to PKR 199.00, Euro to PKR 199.00, British Pound to PKR 240.00, Saudi Riyal to PKR 51.50, UAE Dirham to PKR 54.00 and Check the list for other foreign currencies.

Currency Symbol Buying Selling
USD US DollarUSD199201
EUR Euro EUR199201
GBP British Pound GBP240243
AED UAE Dirham AED5455
SAR Saudi RiyalSAR51.552.5
KWD Kuwaiti DinarKWD481.85484.35
CAD Canadian Dollar CAD150152.5
AUD Australian Dollar AUD135138
OMR Omani RiyalOMR392.95394.98
JPY Japanese YenJPY1.411.44
MYR Malaysian RinggitMYR36.7537.1
QAR Qatari RiyalQAR39.940.5
BHD Bahrain DinarBHD386.5388.5
THB Thai BhatTHB4.84.9
CNY Chinese Yuan CNY23.5523.95
HKD Hong Kong Dollar HKD16.616.85
DKK Danish Krone DKK23.6523.95
NZD New Zealand DollarNZD96.8597.55
SGD Singapore DollarSGD134.5136.5
NOK Norwegians KroneNOK17.517.75
SEK Swedish Krona SEK18.819.05
CHF Swiss Franc CHF160.35161.25
INR Indian RupeeINR2.032.1
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Open Market Currency Rates in Pakistan

When talk about the Pakistan exchange rate, the open market rates have a great significance as it offers overall outlook about the latest situation and trending scenarios in the market. As the free trade is become much common in the world, it is now crucial for Pakistani organizations to be aware about the Currency Rate Today in Pakistan including its key cities such as Karachi, Lahore, Islamabad and Peshawar.

Open market of any country offers access to other countries and can do the exchange without the strain of incidental limitations. We can say that open market assists in the mutual trade between different countries. In the domain of banking, open market permits the exchange of advantages between nations.

Basic Introduction about Currency Exchange

Aside from purchasing and selling of products, monetary standards are additionally exchanged between open markets 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 exchange at the international level. It is noted that the state bank of the said country exchange pace of currency on regular schedule and it is relate to the process of Foreign Exchange Fixing.

Working Principle of Currency Exchange

The currency exchange rate fundamentally reveals to us the value of our cash in foreign currency. If any investor wants to do the buying and selling of the currency of Pakistan, the currency rate tells us the amount we would need to pay to buy that currency. Exchange rate for monetary forms is controlled by foreign exchange brokers. The exchange rate in Pakistan is additionally a pointer of working up or debilitating of a Pakistan currency rate. Before knowing about exchange rate Pakistan, you should know the purchasing and selling pace of the concerned currency in the market. Generally best arrangements are offered by National Banks yet other than that cash can be exchanged at cash changers in each nation.

Open Market Rates Vs Interbank Rate

Currency live exchange rates in open market are not quite the same as interbank rates. Banks generally charge a higher exchange rate on the currency in light of the additional enthusiasm to it. Banks worldwide need to hold fluid advantages related to the installments and withdrawal related to the currency buy or selling. It is reasonable for financial specialists to go to bank for currency exchange as they prepare themselves for the saving or investment yet for ordinary citizens it is progressively doable to deal with the currency exchange.

Factors That Can Influence Exchange Rates

Exchange paces of any nation are influenced by three elements that are given below.

First, the monetary development rate and money related steadiness of any nation push up the exchange pace of its currency in the worldwide market.

Second, on the off chance that there is a lot of cash supply in light of over printing of currency, more cash is accessible yet merchandise to be obtained are less. This prompts offering of cash and debasement of the currency subsequently bringing down that currency rate. Third, generally financial specialists around the globe would purchase any currency contingent upon the loan cost being paid on the currency by the national bank of that nation. More worth is conferred to the currency by high loan costs. Speculators buy high worth currency and afterward spare it in bank to continue accepting high enthusiasm on it.

Impact of Exchange Rate on Economy

The monetary development of a nation and its currency rate has a straightforwardly corresponding relationship. More noteworthy the currency exchange pace of a nation more noteworthy the monetary development of that nation. On the off chance that the economy of a nation is solid, at that point progressively worldwide financial specialists would buy its merchandise and enterprises subsequently purchasing a greater amount of its currency.

By utilizing this page, you can easily access the latest open market rate of different currencies such as the United States Dollar rate in Pakistan, Australian Dollar rate in Pakistan, Saudi Arabia Riyal rate in Pakistan, United Arab Emirates Dirham rate in Pakistan,Euro rate in Pakistan and etc.

Comments on Currency Rates in Pakistan

Pound is also the strongest currency in the world after Euro. Exchange my 1 Pound to PKR by with the help of this site.

  • By: Rehan Siddique
  • on Wed 18 May, 2022

I was looking for a site where I can find the latest information about the current value of Dirham to pkr and just found this website.

  • By: Mansoor Fawad
  • on Wed 18 May, 2022

Thanks for provide the full detailed of Saudi Riyal and history of Saudi riyal to pkr.

  • By: Hameed Alam
  • on Wed 18 May, 2022

To European, whether the euro continues to rise or fall does not make much difference. The biggest difference is in other countries just like in Pakistan. People have problems to buying and selling

  • By: Raheel Ali
  • on Wed 18 May, 2022

The dollar has risen again, what is happening like the dollar is rising day by day?

  • By: Irfan Shah
  • on Wed 18 May, 2022

Disclaimer: The currency exchange rates used on this page are obtained from various sources of money market. The rates here are only for info purpose and are not intended as a suggestion or recommendation to trade. Please refer your local money market or banks for daily updated rate.