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Currency Rate in Pakistan

Karachi: Here is the updated currency rate in Pakistan as 15 October 2018. We collect currency rates from local exchanges and local forex market of different cities including Lahore, Peshawar, Faisalabad, Gujranwala, Islamabad, Karachi, Rawalpindi, Quetta, Sialkot, and Multan.

Forex Updates
Currency Symbol Buying Selling
Euro EUR 150 154
US Dollar USD 130.9 132.5
British Pound GBP 170.5 174
Saudi Riyal SAR 34.3 35.3
UAE Dirham AED 35.3 36.2
Australian Dollar AUD 91.5 94.5
Kuwaiti Dinar KWD 437 442
Canadian Dollar CAD 98.5 101.5
Chinese Yuan CNY 19.15 19.45
Indian Rupee INR 1.76 1.9

Which factors affect currency rate in Pakistan?

There are several factors that higher or lower the currency rate in Pakistan or any other country. The Dollar rate in Pakistan has also seen a high rise in last few months.

Last week, The Dollar rate in Pakistan significantly increased as the Pakistani Rupee fell to all time low value. The dollar was falling in the evening after the receiving of $10 million remittances into the market.

The interbank market has seen a 7.5% depreciation of Pakistai Rupee against the US dollar. However, the dollar was traded below Rs134 on October 10.

Later, Pakistani rupee recovers against dollar in the inter bank market as USD to PKR ratio came down. The US dollar was traded at Rs 132.40 and lowered by Rs 1.40.

Also Read: Pakistani Rupee Recovers against Dollar in Inter bank market

The factors are provided below for the further understanding.

  • Changes in inflation cause fluctuation in currency exchange rates.
  • Changes in financing cost influence money esteem and dollar conversion scale.
  • Current account of any country reflects adjust of exchange and income on foreign investment.
  • Government obligation is open obligation or national obligation possessed by the federal government.
  • Identified with current records and adjust of installments, the terms of exchange is the proportion of fare costs to import costs.
  • Political state of country and financial execution can influence its money quality.
  • At the point when any country encounters a retreat, its loan fees are probably going to fall, diminishing its odds to gain outside capital.
  • In the event that a nation’s cash esteem is required to rise, financial specialists will request a greater amount of that money with a specific end goal to make a benefit sooner rather than later.

International Forex Rates

You can see all International Forex Rates Here:

Complete International Forex Rates

Inter Bank Forex Rates

You can see all Inter Bank Forex Rates Here:

Complete Inter Bank Forex Rates

Currency rates are updated on regular basis. You can also check the gold rate in Pakistan here.

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