The Forex Association has just updated the currency exchange rates in Pakistan for today, Wednesday, August 21, 2024. The current open market rates are as follows: the US dollar is at Rs.279.6, the euro at Rs.306.4, and the British pound at Rs.360.
Currency Exchange Table (Pakistani Rupee – PKR)
Currency |
Symbol |
Buying |
Selling |
| US Dollar | USD | 279.7 |
280.4 |
|
Euro |
EUR | 306.4 | 308.6 |
| UK Pound | GBP | 360 |
362.3 |
|
UAE Dirham |
AED | 75.9 | 76.32 |
| Saudi Riyal | SAR | 73.82 |
74.52 |
|
Australian Dollar |
AUD | 185.65 | 189.25 |
| Bahrain Dinar | BHD | 734 |
739.5 |
|
Canadian Dollar |
CAD | 202.65 | 207 |
| China Yuan | CNY | 38.29 |
38.69 |
|
Danish Krone |
DKK | 40.03 | 40.43 |
| Hong Kong Dollar | HKD | 35.68 |
36.03 |
|
Indian Rupee |
IND | 3.34 | 3.45 |
| Japanese Yen | JPY | 1.97 |
1.98 |
|
Kuwaiti Dinar |
KWD | 905.45 | 910.6 |
| Malaysian Ringgit | MYR | 58.99 |
59.59 |
|
New Zealand Dollar |
NZD | 169.34 | 171.34 |
| Norwegians Krona | NOK | 26.14 |
26.44 |
|
Omani Riyal |
OMR | 723.4 | 728.5 |
| Qatari Riyal | QAR | 76.44 |
77.14 |
|
Singapore Dollar |
SGD | 202 | 204 |
| Swedish Korona | SEK | 26.27 |
26.57 |
|
Swiss Franc |
CHF | 319.5 | 324.5 |
| Thai Bhat | THB | 7.57 |
7.72 |
Currency Exchange in Pakistan
Foreign exchange rates in Pakistan fluctuate based on market demand and supply. The open market rates, which are different from the interbank buying and selling rates, are determined independently by the State Bank of Pakistan based on posted foreign exchange rates. Forex.pk provides updated open market rates for nearly all currencies compared to the Pakistani Rupee, including USD to PKR, EUR to PKR, and more.
Conclusion
When exchanging foreign currency for PKR, it’s crucial to check the current exchange rates. Link Exchange International and Forex.pk are reliable sources for accurate and up-to-date 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.
