Understanding Open Market and Inter Bank Currency Rates in Pakistan

In Pakistan, currency rates can fluctuate frequently depending on various factors. If you're planning to travel or conduct business internationally, it's essential to understand the difference between open market rates and inter bank rates.

The top 5 major currencies traded in Pakistan's open market are US Dollar, Euro, GBP, AUD, and CAD. The open market rates can be found below, which include the buying and selling charts for today's USD to PKR exchange rate.

One of the significant differences between open market rates and inter bank rates is that they can vary greatly. While open market rates are influenced by supply and demand, inter bank rates are determined by banks trading currencies with each other.

For instance, as of today, 27-04-2024 23:42:37, the exchange rate for USD to PKR stands at approximately 17373.62 Pakistani Rupees. On the other hand, the current open market dollar rate in Pakistan is different from inter bank rates.

Live Pound Rate in Pakistan

For those interested in the live pound rate in Pakistan, it's currently trading at 347.4724 Pakistani Rupees per British Pound. This rate has remained unchanged compared to yesterday's value.

To give you an idea of how much your money can buy, 50 Pounds is equivalent to approximately 17373.62 Pakistani Rupees at interbank exchange rates.

Your Trust and Safety

At Exchange Rates UK ONLY, we prioritize our customers' trust and safety by working with foreign exchange payment companies that are registered with the FCA. We strive to provide accurate information on currency rates, but please note that these rates can change frequently.

For those looking for competitive deals on travel money, you can check the table below to compare rates from various suppliers. Today's best UK deal for £500 will get you 160371 PKR plus delivery.

In conclusion, understanding the difference between open market and inter bank currency rates in Pakistan is crucial for anyone planning to conduct international transactions or travel abroad. By keeping up-to-date with the latest exchange rates, you can make informed decisions about your finances and ensure a smooth journey.

Live pound rate in pakistan