Understanding Dollar, AED, and Riyal Exchange Rates Today
Current Dollar Rates
- Interbank Rate: Buying – PKR 282.29, Selling – PKR 282.79
- Open Market Rate: Buying – PKR 282.5, Selling – PKR 285
Other Major Currency Rates
Displaying key rates for Euro, British Pound, UAE Dirham, and Saudi Riyal
Currency |
Buying |
Selling |
|---|---|---|
| Euro | PKR 308 | PKR 311 |
| British Pound | PKR 357.5 | PKR 361 |
| UAE Dirham | PKR 77.5 | PKR 78.3 |
| Saudi Riyal | PKR 75.3 | PKR 76 |
| Kuwaiti Dinar | PKR 921.21 | PKR 930.21 |
Dollar Rate Trends and Insights
Dollar Rate Movements
- The Interbank Dollar Rate saw a decrease of PKR 0.11 (0.039%) today.
- Over the last 30 days, the Dollar to PKR conversion witnessed a growth of PKR 10.906 (3.715%).
Daily Fluctuations
- Today’s Interbank Dollar Rate stands at PKR 282.79, reflecting a decrease of 1 rupee.
- In the open market, the Dollar Rate increased by 1 rupee, reaching PKR 286.
Open Market Dynamics
Open Market Dollar Rate
- The open market Dollar rate in Pakistan is associated with free-flow trading without barriers.
- No tax or tariff in the open market, allowing equal chances for countries to demand and supply products.
Inflation Impact
- The Dollar Rate in Pakistan is facing setbacks due to inflation hitting the country.
- Open Market Rates are crucial as they indicate the free flow of trading without restrictions.
Currencies Conversion Importance
Trading and Currency Exchange
- Money exchanging is essential for buying and selling products between countries.
- Currencies conversion, like Dollar to PKR rate, is necessary for international trade.
Role of State Bank of Pakistan
- The State Bank of Pakistan, as the Central Bank, regulates national currency and monitors foreign exchange fixing.
- International banks determine currency conversion rates globally.
Staying Informed
- Regular updates on currency rates are crucial for individuals and businesses.
- Exchange rate fluctuations impact trade, making it vital to stay informed.
In conclusion, keeping track of currency rates, especially the Dollar rate in Pakistan, is essential for anyone involved in international trade or currency exchange. Whether it’s the Interbank or open market rates, understanding the dynamics helps individuals and businesses make informed decisions. The daily fluctuations in rates emphasize the importance of staying updated on the latest currency trends.