The Forex Association has just updated the currency exchange rates in Pakistan today, Monday 21 October 2024. Accordingly, the dollar rate in Pakistan today in the open market is Rs.277.25, The rate of euro exchange is Rs.397.40 and Rs.356.85 for the pound rate in Pakistan
Currency Exchange Table (Pakistani Rupee – PKR)
Currency |
Symbol |
Buying |
Selling |
| US Dollar | USD | 277.25 |
278.75 |
|
Euro |
EUR | 297.40 | 300.15 |
| UK Pound | GBP | 356.85 |
360.35 |
|
UAE Dirham |
AED | 75.30 | 75.95 |
| Saudi Riyal | SAR | 73.60 |
74.15 |
|
Australian Dollar |
AUD | 183.75 | 184.94 |
| Bahrain Dinar | BHD | 730.70 |
738.70 |
|
Canadian Dollar |
CAD | 199.56 | 201.96 |
| China Yuan | CNY | 38.88 |
39.28 |
|
Danish Krone |
DKK | 39.82 | 40.22 |
| Hong Kong Dollar | HKD | 35.36 |
35.71 |
|
Indian Rupee |
IND | 3.34 | 3.45 |
| Japanese Yen | JPY | 1.92 |
1.98 |
|
Kuwaiti Dinar |
KWD | 896.87 | 906.37 |
| Malaysian Ringgit | MYR | 63.34 |
63.94 |
|
New Zealand Dollar |
NZD | 165.23 | 167.23 |
| Norwegians Krona | NOK | 24.98 |
25.28 |
|
Omani Riyal |
OMR | 715.20 | 723.70 |
| Qatari Riyal | QAR | 75.54 |
76.24 |
|
Singapore Dollar |
SGD | 208.64 | 210.64 |
| Swedish Korona | SEK | 25.82 |
26.12 |
|
Swiss Franc |
CHF | 317.51 | 320.31 |
| Thai Bhat | THB | 8.18 |
8.33 |
Currency Exchange in Pakistan
Foreign exchange rates in Pakistan are variable since the rates rely on demand and supply in the market. The open market rates are actually the official rates other than the interbank selling and purchasing rates which are independently determined by the State Bank of Pakistan on the basis of the posted foreign exchange rates. Forex. pk can give you updated open market rates of almost all the currencies with comparison to PKR including USD to PKR, EUR to PKR etc.
Conclusion
Whenever one wants to exchange the foreign currency to PKR, then it is important to check the current exchange rates. Link Exchange International and Forex.pk are reliable sources for obtaining accurate and timely information on currency exchange rates in Pakistan.
FAQs
Q: What factors influence the fluctuations in the Pakistani Rupee’s value against other currencies?
Fluctuations in the PKR’s value against other currencies are influenced by factors such as economic indicators, geopolitical events, central bank policies, and global market sentiment.
Q: How does the State Bank of Pakistan (SBP) intervene in the foreign exchange market to stabilize the Pakistani Rupee?
The State Bank of Pakistan (SBP) intervenes in the foreign exchange market to stabilize the Pakistani Rupee by adjusting interest rates, buying or selling foreign currency reserves, and implementing exchange rate policies.
Q: What impact do global economic events, such as changes in oil prices or geopolitical tensions, have on the value of the Pakistani Rupee?
Global economic events, such as changes in oil prices or geopolitical tensions, can impact the value of the Pakistani Rupee by affecting investor confidence, trade balances, and capital flows.
Q: Are there any government policies or regulations affecting currency exchange in Pakistan?
Government regulations in Pakistan include currency transaction restrictions and reporting requirements for large exchanges. The State Bank of Pakistan (SBP) sets exchange rate policies and intervenes in the foreign exchange market for stability.
