Currency Rate in Pakistan Today (2024)

Currency Rate in Pakistan Today Open Market are US Dollar to PKR 280.10, Euro to PKR 300.00, British Pound to PKR 353.00, Saudi Riyal to PKR 74.15, UAE Dirham to PKR 75.85. Currency rates according to the Forex Association of Pakistan and check the list more buying and selling rates updated on 24 May, 2024 09:35:26 AM are given below.

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 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 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 277, the Euro is 297, the British Pound to PKR open market is 349, UAE and Dirham is 75. The open market rates provided by Pakistani currency exchange traders are used to compute the USD/PKR exchange rate. Bank exchange rates for the US dollar, on the other hand, are slightly lower than those available on the open market or at currency exchanges.

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.

Factors That Can Influence Exchange Rates

• First, the monetary development rate and money-related steadiness of any nation push up the exchange pace of its currency in the worldwide market.
• 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 is less. This prompts the offering of cash and debasem*nt of the currency subsequently bringing down that currency rate.

Impact of Exchange Rate on Economy

The monetary development of a nation and its currency rate has a straightforwardly corresponding relationship. The more noteworthy the currency exchange pace of a nation more noteworthy the monetary development of that nation.
By utilizing this page, you can easily access the latest currency rate in Pakistan including usd to pkr open market rate and different currencies such as the Saudi Riyal to PKR rate, United Arab Emirates Dirham rate in Pakistan, Euro rate in Pakistan and etc.