Today Dollar Rate
Today Dollar Rate in Pakistan is PKR 279.15 updated at 16 Feb, 2024 in Pakistani currency exchange market and in Interbank Dollar Rate in PKR is 278.88 Rs Buying and Selling forex rates in Pakistan fluctuates on daily basis due to diffrent factors involved in economy. Bank exchange price of US Dollar always slightly lower in exchange rate then Currency Exchange or Open Market.
DATE | BUYING | SELLING |
---|---|---|
15 Feb 24 | PKR278.81 | PKR279.31 |
DATE | BUYING | SELLING |
---|---|---|
15 Feb 24 | PKR280.6 | PKR282.35 |
CURRENCY | BUYING | SELLING |
---|---|---|
280.6 | 282.35 | |
Euro | 301.5 | 304.5 |
British Pound | 353 | 356 |
UAE Dirham | 76.6 | 77.3 |
Saudi Riyal | 74.5 | 75.3 |
Kuwaiti Dinar | 907.43 | 916.43 |
Canadian Dollar | 206.5 | 208.5 |
Australian Dollar | 180 | 182 |
Omani Riyal | 725.67 | 733.67 |
Japanese Yen | 2.1 | 2.18 |
Malaysian Ringgit | 59.21 | 59.81 |
Qatari Riyal | 76.76 | 77.46 |
Bahrain Dinar | 743.08 | 751.08 |
Thai Bhat | 7.93 | 8.08 |
Chinese Yuan | 38.84 | 39.24 |
Hong Kong Dollar | 35.74 | 36.09 |
Danish Krone | 40.38 | 40.78 |
New Zealand Dollar | 171.12 | 173.12 |
Singapore Dollar | 207 | 209 |
Norwegians Krone | 26.43 | 26.73 |
Swedish Krona | 26.85 | 27.15 |
Swiss Franc | 318.94 | 321.44 |
Indian Rupee | 3.48 | 3.59 |
CURRENCY | SYMBOL | BUYING TT CLEAN | SELLING TT & OD |
---|---|---|---|
US Dollar | USD | 278.81 | 279.31 |
UK Pound Sterling | GBP | 352.71 | 353.36 |
U.A.E Dirham | AED | 75.90 | 76.05 |
Australian Dollar | AUD | 181.63 | 182.13 |
Japanese Yen | JPY | 1.84 | 1.87 |
Chinese Yuan | CNY | 38.73 | 38.83 |
CURRENCY | SYMBOL | PKR |
---|---|---|
U.S. Dollar | USD | 280.99 |
UAE Dirham | AED | 76.50 |
British Pound | GBP | 223.00 |
Saudi Arabian Riyal | SAR | 74.92 |
Australian Dollar | AUD | 434.68 |
Canadian Dollar | CAD | 207.26 |
Today Open Market Currency Rates in Pakistan – PKR Exchange Rates
Currency Rate in Pakistan – Latest currency rates in Pakistan according to the Forex Association on 16 February 2024 are US Dollar: PKR 282.35, Euro: PKR 304.50, British Pound: PKR 356.00, Saudi Riyal: PKR 75.30, UAE Dirham: PKR 77.30, Australian Dollar: PKR 182.00. More buying and selling rates are given below.
Today Dollar Rate In Pakistan
Today 16 Feb, 2024 dollar rate in Pakistan is 279.15 in interbank exchange rates which is given by State Bank of Pakistan. The open market dollar rate is 280.6. Recently, the Interbank rate decreased by PKR 0.02 0.007. Over the last 30 days, the Dollar to PKR conversion saw a growth of PKR 10.906 (3.715%).
Today, the dollar rate has eased in the Interbank during business today;
Today’s dollar rate became 279 rupees after decreasing by 1 rupee.
Yesterday, the dollar rate in Pakistan closed at 280 rupees in the interbank.
On the other hand, today dollar rate became 281 rupees after decreasing by 1 rupee in the open market.
At the close of business yesterday, the dollar rate in Pakistan was at Rs 282 in the open market.
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Open Market Rates in Pakistan
Open Market Dollar rate in Pakistan is generally associated with the free flow of trading; there are no barriers or restrictions in the buying and selling of goods between the countries and the countries will have an equal chance to demand and supply their products.
On the other, in an open market, there is no tax or tariff. However, the interest that is bear on trade will be determined by the government, Federal Reserves. Dollar Rate Today in Pakistan is incredibly facing serious setbacks as inflation strikes the country.
Currencies Conversion
Likewise the trading of goods money exchanging is also relatively significant because for buying and selling products with other countries it is necessary to convert open market rates with other countries.
Exchanging of currencies such as Dollar to PKR rate in Pakistan also referred as Foreign Exchange rates. The Dollar rate in Pakistan is Recognised under two names, Buying & Selling Rates.
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Apart from that, the International banks have the sole proprietorship to fixing the currency conversion rate in the worldwide market while Central Bank will regulate the national currency and keep balance between the buying and selling of goods by monitoring Foreign Exchange Fixing.
In Pakistan the State Bank of Pakistan is the Central Bank and setting this foreign rate on daily basis.
Currency | Symbol | Buying | Selling |
---|---|---|---|
U.S. Dollar | USD | 280.60 PKR | 282.35 PKR |
Euro | EUR | 301.50 PKR | 304.50 PKR |
British Pound | GBP | 353.00 PKR | 356.00 PKR |
UAE Dirham | AED | 76.60 PKR | 77.30 PKR |
Saudi Riyal | SAR | 74.50 PKR | 75.30 PKR |
Kuwaiti Dinar | KWD | 907.43 PKR | 916.43 PKR |
Canadian Dollar | CAD | 206.50 PKR | 208.50 PKR |
Australian Dollar | AUD | 180.00 PKR | 182.00 PKR |
Omani Riyal | OMR | 725.67 PKR | 733.67 PKR |
Japanese Yen | JPY | 2.10 PKR | 2.18 PKR |
Malaysian Ringgit | MYR | 59.21 PKR | 59.81 PKR |
Qatari Riyal | QAR | 76.76 PKR | 77.46 PKR |
Bahrain Dinar | BHD | 743.08 PKR | 751.08 PKR |
Thai Bhat | THB | 7.93 PKR | 8.08 PKR |
Chinese Yuan | CNY | 38.84 PKR | 39.24 PKR |
Hong Kong Dollar | HKD | 35.74 PKR | 36.09 PKR |
Danish Krone | DKK | 40.38 PKR | 40.78 PKR |
New Zealand Dollar | NZD | 171.12 PKR | 173.12 PKR |
Singapore Dollar | SGD | 207.00 PKR | 209.00 PKR |
Norwegians Krone | NOK | 26.43 PKR | 26.73 PKR |
Swedish Krona | SEK | 26.85 PKR | 27.15 PKR |
Swiss ranc | CHF | 318.94 PKR | 321.44 PKR |
Indian Rupee | INR | 3.48 PKR | 3.59 PKR |
What is the Dollar rate today?
The Dollar rate today is RS. 279.31, it is a live conversion rate in Pakistan.
What is the rate of $1 in Pakistan?
The rate of $1 in Pakistan is 279.31 in the Interbank exchange rate as an official rate by the State Bank of Pakistan.
What is the dollar rate in Pakistan today open market?
The dollar rate in Pakistan today open market is 280.6, it may vary and is different from the Interbank rate.
What is the dollar buying and selling rate?
Today dollar buying rate is 278.81 & selling rate is 282.35. It may also vary depending on the currency exchange or financial institution.
How much is 1 USD to PKR Open Market?
1 USD is equivalent to 282.35 as per the Dollar to PKR Open Market exchange rate.
What is the correct rate of the dollar in Pakistan?
The correct rate of the dollar in Pakistan is PKR 282.35 in the Pakistani currency exchange market.
Open Market Rates in Pakistan
An open market is basically that market of any country to which all economic players have an access to and can do the trade without the tension of extraneous constraints. In easy words open market basically allows free trade between countries. In terms of banking, open market allows the transaction of assets between countries.
The word “open” in open market generally refers to the following characteristics of any market;
- The extent of competition
- Any sort / number of cultural constraints which might hinder the trade
- The number of regulations, government imposes on these markets
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Generally these are the constraints that make trade difficult. The lesser the impact of the following on market of any country, the more open is the market of that country. Open market gives equal opportunity to all economic players in the buying and selling of currency, goods, assets etc.
An open market is free of tariffs, subsidies and levies, which ensures the participation of more entities in the market. The more open markets of the world are of Canada, Australia, Western Europe and USA whereas North Korea, Brazil and Cuba are comparatively closed markets, allowing lesser number of economic participants to trade in the market.
Currency Exchange
Apart from buying and selling of goods, currencies are also exchanged between open markets of different countries. International banks, most famous being Deutsche Bank, Barclays, HSBC, Standard Chartered, Citi etc are involved in fixing the rate of currency exchange in the global market. One central national bank of every country sets exchange rate of currency on daily basis and this process is known as Foreign Exchange Fixing.
How Currency Exchange Works
The currency exchange rate basically tells us the worth of our money in foreign currency. If we want to purchase or buy a currency, the exchange rate lets us know how much we would have to pay to purchase that currency. Exchange rate for currencies is determined by foreign exchange traders.
The exchange rate is also an indicator of building up or weakening of a currency. Before getting your currency exchanged, you ought to know the buying and selling rate of the concerned currency in the market.
Usually best deals are offered by National Banks but other than that money can be exchanged at money changers in every country.
In Pakistan, currency can be exchanged at the following;
- Western Union
- Dollar East Money Changer
- Pakistan Currency Exchange Co Pvt Limited
- AA Exchange, Lahore
- Paragon Exchange, Lahore
- Habib Qatar International Exchange Pakistan
- Wall Street Exchange Co Pvt Ltd
- Ravi Exchange, Lahore
- Pay Exchanger, Lahore
- Link International Exchange Co Pvt Ltd
- Apni Exchange, Lahore
Elements Affecting Exchange Rates
Exchange rates of any country are affected by three factors;
Usually investors around the world would buy any currency depending on the interest rate being paid on the currency by the central bank of that country.
More value is imparted to the currency by high interest rates. Investors purchase high value currency and then save it in bank to keep on receiving high interest on it.
If there is too much of money supply because of over printing of currency, more money is available but goods to be purchased are less. This leads to bidding of money and devaluation of the currency hence lowering that currency’s exchange rate.
The economic growth rate and financial stability of any country push up the exchange rate of its currency in the global market.
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Interbank Rate Difference
Currency exchange rates in open market are different from interbank rates. Banks usually charge a higher exchange rate on the currency because of the added interest to it.
Banks worldwide have to hold liquid assets to put up with the withdrawal and payments on the part of clients due to which interest is added when it comes to currency purchase or selling.
It is suitable for investors to head to bank for currency exchange since they plan on reserving the money to make it double but for common people it is more feasible to visit local money exchangers to get a good deal for their money.
Effect of Exchange Rate on Economy
The economic growth of a country and its currency exchange rate has a directly proportional relationship. Greater the currency exchange rate of a country greater the economic growth of that country.
If the economy of a country is strong then more global investors would purchase its goods and services hence buying more of its currency.
The economy of Pakistan has not been in a stable position since a long time due to which our currency continues to devalue hence leading to change in currency exchange rates.
When the new government took over recently, the price of Dollar was reduced by 4 points but now again the price has gone up by 9 Rupees giving a hard time to Pakistan’s economy. For people in Pakistan, who want to buy or sell foreign currency, there is no margin for profit.
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We get lesser amount in return if we purchase foreign currency. Similarly we get less if we sell foreign currency. This is applicable to currencies that have high exchange rate than Pakistani Rupee.
You can get the open market currency exchange rates of US Dollar in Pakistan ($ USD) and all major currencies including Euro EUR, British Pound GBP, Saudi Riyal SAR, UAE Dirham AED, Canadian Dollar CAD and Chinese Yuan. The current buying and selling prices are given which are converted in Pakistani Rupees PKR. There is a very handy tool of Currency Convertor is also available to easily convert any currency online.
US Dollar to Pakistan Rupee conversion
USD | PKR | |
---|---|---|
10 USD | 2,789.70 PKR | |
25 USD | 6,974.25 PKR | |
50 USD | 13,948.50 PKR | |
100 USD | 27,897.00 PKR | |
250 USD | 69,742.50 PKR | |
500 USD | 139,485.00 PKR | |
1000 USD | 278,970.00 PKR | |
2000 USD | 557,940.00 PKR | |
5000 USD | 1,394,850.00 PKR | |
10000 USD | 2,789,700.00 PKR | |
50000 USD | 13,948,500.00 PKR |
Pakistan Rupee to US Dollar conversion
PKR | USD | |
---|---|---|
10 PKR | 0.04 USD | |
25 PKR | 0.09 USD | |
50 PKR | 0.18 USD | |
100 PKR | 0.36 USD | |
250 PKR | 0.90 USD | |
500 PKR | 1.79 USD | |
1000 PKR | 3.58 USD | |
2000 PKR | 7.17 USD | |
5000 PKR | 17.92 USD | |
10000 PKR | 35.85 USD | |
50000 PKR | 179.23 USD |