Explore the latest Currency Rates in Pakistan on 27 December, 2023, focusing on Dollar, AED, Riyal, and more. Stay informed about the ever-changing rates in the market to grasp the economic landscape.
Current Exchange Rates
- US Dollar to PKR: 282.7 (BUY) / 285.2 (SELL)
- Euro to PKR: 310 (BUY) / 313 (SELL)
- British Pound to PKR: 310 (BUY) / 313 (SELL)
- UAE Dirham to PKR: 77.35 (BUY) / 78.1 (SELL)
- Saudi Riyal to PKR: 75.25 (BUY) / 75.95 (SELL).
Comprehensive Currency Rates – Open Market
| Currency | BUY | SELL |
|---|---|---|
| US Dollar | 282.7 | 285.2 |
| Euro | 310 | 313 |
| British Pound | 310 | 313 |
| UAE Dirham | 77.35 | 78.1 |
| Saudi Riyal | 75.25 | 75.95 |
| Kuwaiti Dinar | 916.85 | 925.85 |
Open Market Currency Rates in Pakistan
Understanding the significance of open market rates is crucial for gaining insights into the prevailing situations in the market. As free trade becomes more common globally, it’s essential for Pakistani organizations to stay informed about Currency Rates in key cities like Karachi, Lahore, Islamabad, and Peshawar.
This week, the Pakistani rupee exchange rate in the open market experienced slight fluctuations. Daily variations are normal as foreign currency exchange rates in Pakistan respond to 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 Pakistani currency exchange traders and may vary slightly from bank exchange rates for the US dollar.
Introduction to Currency Exchange
Currency exchange involves the trading of currencies between open markets of different nations. International banks such as Deutsche Bank, Barclays, HSBC, Standard Chartered, and Citi play a crucial role in determining the currency exchange rate at the global level.
Factors Influencing Exchange Rates
- Economic Growth: The economic growth rate and financial stability of a country directly impact its currency exchange rate globally.
- Money Supply: Excessive money supply due to overprinting of currency can lead to currency devaluation, impacting exchange rates.
Impact of Exchange Rates on the Economy
The relationship between a nation’s economic growth and its currency rate is directly proportional. A higher currency 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!