Discover the latest Currency Rates in Pakistan on 26 December, 2023, featuring the exchange rates for Dollar, AED, Riyal, and more. Keep an eye on the fluctuating rates to stay informed about the economic landscape.
Current Exchange Rates
- US Dollar to PKR: 282.5 (BUY) / 285.1 (SELL)
- Euro to PKR: 308 (BUY) / 311 (SELL)
- British Pound to PKR: 357.5 (BUY) / 361 (SELL)
- UAE Dirham to PKR: 77.5 (BUY) / 78.3 (SELL)
- Saudi Riyal to PKR: 75.3 (BUY) / 76 (SELL)
For a comprehensive list of buying and selling rates, check update here’s
Complete Currency Rates – Open Market
| Currency | BUY | SELL |
|---|---|---|
| US Dollar | 282.5 | 285.1 |
| Euro | 308 | 311 |
| British Pound | 357.5 | 361 |
| UAE Dirham | 77.5 | 78.3 |
| Saudi Riyal | 75.3 | 76 |
| Kuwaiti Dinar | 921.21 | 930.21 |
Open Market Currency Rates in Pakistan
Understanding the open market rates in Pakistan is crucial for businesses and individuals. This overview provides insights into the latest situations and trends in major cities like Karachi, Lahore, Islamabad, and Peshawar.
This week, the Pakistani rupee exchange rate faced slight fluctuations. Daily variations are common, influenced by market conditions. Today’s open market rates include Dollar to PKR at 286, Euro at 309, British Pound at 361, and UAE Dirham at 78. These rates are computed by currency exchange traders and may differ slightly from bank exchange rates.
Introduction to Currency Exchange
Currency exchange is not just about buying and selling products; it involves the trading of currencies between different countries. International banks like Deutsche Bank, Barclays, HSBC, Standard Chartered, and Citi play a crucial role in setting international currency exchange rates.
Currency Exchange Companies in Pakistan
Several reputable currency exchange companies operate in Pakistan, facilitating currency transactions. Some of these include:
- Pakistan Currency Exchange Company (Pvt.) Ltd.
- NBP Exchange Company Ltd.
- HBL Currency Exchange (Pvt.) Ltd.
- AA Exchange Company (Pvt.) Ltd.
- Al-Rahim Exchange Company (Pvt.) Ltd.
Factors Influencing Exchange Rates
- Economic Growth: A country’s economic growth rate and financial stability impact its currency exchange rate globally.
- Money Supply: Excessive money supply due to overprinting can lead to currency devaluation, affecting exchange rates.
Impact of Exchange Rates on the Economy
The exchange rate and economic growth share a directly proportional relationship. A higher exchange rate contributes to greater economic development.
Stay Updated
Use this page to easily access the latest currency rates in Pakistan, including USD to PKR open market rate and rates for other currencies like Saudi Riyal to PKR, UAE Dirham rate in Pakistan, and Euro rate in Pakistan. Stay informed about the dynamic economic landscape!