Today Open Market Currency Rates in Pakistan – 20, May 2022

Table of Contents

as per Pakistan Open Market

Pakistan’s top currency rates portal provides you with date open market currency rates of Pakistan. Currency exchange rates in Pakistan’s open market are not quite the same as the interbank special dollar rates. Here you can find USD to PKR, EURO to PKR, SAR to PKR, and all other currency rates against PKR.

In Pakistan Banks generally charge a higher exchange rate on the currency. We timely update the currency rate on our website especially USD to PKR to give our visitors a good experience. Here you will find open market currency rates history, graphs, charts, and a wide range of information to help you explore the Pakistan Currency Open Market.

Open Market Currency Rates in Pakistan

  US DollarUSD200201.5
  Pound SterlingGBP240243
  UAE DirhamAED5455
  Saudi Arabian RiyalSAR51.552.5
  Kuwaiti DinarKWD642.31645.31
  Canadian DollarCAD150152.5
  Australian DollarAUD135138
  Omani RialOMR512.43514.43
  Japanese YenJPY1.441.54
  Malaysian RinggitMYR43.8944.89
  Qatari RiyalQAR53.3354.33
  Bahraini DinarBHD522.73524.73
  Thai BahtTHB5.615.71
  Chinese YuanCNY28.2329.23
  Hong Kong DollarHKD24.225.2
  Danish KroneDKK26.8727.87
  New Zealand DollarNZD123.19125.19
  Singapore DollarSGD134.5136.5
  Norwegian KroneNOK19.120.1
  Swedish KronaSEK18.7719.77
  Swiss FrancCHF200.6201.6
  Indian RupeeINR2.452.55

Source: Forex Association of Pakistan. (last update 08:10 AM)

Pakistani Currency Converter Online

Basic Introduction to 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 exchange at the international level.

It is noted that the state bank of the said country exchanges pace of currency on a regular schedule, and it is related to the process of Foreign Exchange Fixing.

Effect of Exchange Rates on Economy

A nation’s economic development and its currency rate have a straightforwardly corresponding relationship. More noteworthy is the currency exchange pace of a country. More remarkable is the monetary outcome 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 purchase a more significant 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, etc.

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