As per Open Market as on Thu, Jan 25 2024, 12:26 PST (GMT+5)
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 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 on a daily basis, thus the market and determining factors have an impact. Today currency rate in Pakistan Dollar to PKR open market is 283, Euro is 311, British Pound to PKR open market is 361, UAE and Dirham is 77. The open market rates provided by Pakistani currency exchange traders used to compute the USD/PKR exchange rate. Bank exchange rates for the US dollar, on the other hand, slightly lower than those available on the open market or at currency exchanges.
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 are less. This prompts offering of cash and debasement 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. 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.