Today Interbank Rates in Pakistan on 22 Feb 2024 - PKR Interbank Exchange Rates


Current Interbank Exchange Rates - Latest PKR currency exchange against US Dollar $ Rates (USD), British Pound £ Rate (GBP), Saudi Riyal Rates (SAR), UAE Dirhams (AED), Canadian Dollars Rate (CAD), Australian Dollar Rate, Chinese Yuan Rates (CNY) and Euro Rates in Pakistan ( € EUR). Get Clean TT buying and Selling TT. OD (overdraft) buying of OD/T.CHQ exchange rates in Pakistan. State bank rates, NBP rates, HBL Rates, UBL rates, MCB rates and SCB Rates online. Foreign exchange.

Live Interbank Currency Rates in Pakistan

Options for Currency Exchange

Currency exchange works two ways. If you are a buyer or seller of currency then you can either go to open market for currency exchange where you would find many money exchangers. You can also go to any national bank. Sometimes they give you amazing deals on money exchange but most of the time but they would charge you tad bit more.

Defining Interbank

The banks have a foreign exchange market of their own known as interbank foreign exchange market. The banks worldwide are in constant communication with each other either directly or via electronic platform mainly electronic broking services or Reuters. Money transactions are made on daily basis. The prices of most valued currencies around the world keep on fluctuating in relation to other currencies. Through interbank, bankers usually trade money on a wholesale rate. Mostly they keep their eyes on high rated currencies. Purchase between banks is comparatively at nominal prices, so banks tend to keep foreign currency in bulk and sell it to investors and people at higher rates hence making more money. A number of countries have rules and regulations imposed on interbank trade but in most of the countries, the interbank market is usually decentralized and devoid of rules and regulations.

Interbank Rate Difference

Worldwide Bank’s motive is to deliver the best services to its clients and put up with the load of withdrawals and payments done on the part of clients. In doing so, it inflicts an interest on any money exchanged via banks. This is the reason that interbank exchange rates are different from open market foreign exchange rates. The travelers around the world don’t always opt for bank for money exchange because of comparatively high price issue. Wealthy investors buy foreign currency from banks and then save it in that banks’ account so that by the time they withdraw it, they would get double or even triple the amount i.e. the interest added to the amount.

Interbank Rates in Pakistan

Usually banks are the one that give you numerous deals on money exchange if you are a frequent money exchanger. On the whole interbank currency exchange rates keep on fluctuating depending what big international banks have set the value for trade of currency. In Pakistan, Interbank rates for money exchange are not that drastically but slightly more than open market currency exchange rates.

Again, the reason for that is added interest on the money being exchanged as the banking system has to put up with the liquefaction of customer assets hence requires money making from interests, definitely not suitable for people who want lesser money exchanged. If you see it from saving or money making aspect then definitely go to a national bank of Pakistan for money exchange. Till now, the most expensive currency according to interbank rate is Kuwaiti Dinar, followed by Riyal, Euro, Franc and Dollar. Interbank rates are overseen by national banks like State Bank of Pakistan, National Bank of Pakistan and can also be check online as well. You can check the current bank rates and Interbank rates in Pakistan on this page. Our handy online convertor can convert any currency online.

Fixing of Interbank Rates

Usually the national bank of any country fixes the interbank rates that are updated each day. The revision of rate depends on the following factors;

  • Increasing Value/ Devaluing of foreign Currency
  • Bank’s own estimation of interest rate
  • Analysis and adoption of international bank rates

Factors Affecting Interbank Rates

Since interbank currency exchange rates are mainly the interest rates hence following are the factors that affect interest rate/ interbank rates in any country;

  • Change in currency exchange rates of any country. More the currency exchange rates greater will be the interbank rate.
  • Unemployment rate in any country affects the amount of interest added to currency.
  • Inflation in any country tends to lower the currency’s value hence lowering interbank rates.
  • Economic growth of any country reflects on its interbank rates for currency exchange.

Latest Comments

I need PKR in Islamabad @80per Saudi Riyal.

By: Khan on 03-06-2023

Salam koi bhai uae me rehta hai ya iska koi aziz wahan rehta hai to mujy uae me dirham available kr k de sakta ho to dy do or payment pakistan me osko mil jye gi

By: Zahid Mehmood on 30-01-2023

I want change gbp to pkr

By: Mazhar on 12-01-2023

200 waly bond required me

By: Tuseef on 29-09-2022

Aj open market ma US dollar ka kia rate h

By: Mahr Jee on 02-08-2022

I want to sell dollar in karachi 5000 Give the goo rate

By: Majid on 28-07-2022

I need 10000 usd in lahore or Istanbul Turkey Whatapp 923334776747

By: Aziz on 25-02-2022

I am selling Irani riyals, what is the current rates in Karachi

By: Ali on 14-02-2022

scotland pound rate

By: Rafi on 24-11-2021

Mujay bi paisay kamanY hay

By: Usman Ullah Khan on 06-11-2021

I want receive money as per my reqairement Thanks

By: Tanveer Hussain on 26-10-2021

200 Wala prize bond cahiya!?

By: ShEikH Khuram Ali on 26-08-2021

Anyone need dollars USA contect me

By: Khan on 09-08-2021

Want to buy Rs100 prize bond serial any one want to sale contact me 03154922711 and want to buy 750 200 prize bond

By: Waqas on 21-05-2021

Want to sale 600$

By: Aadil on 17-05-2021

I want to change 4000 USD

By: SABIR Hussain on 13-05-2021

I want to exchange CHF FRANCES 1000 PLEASE BUYER CONTACT ME 03037432578

By: Nomi on 09-05-2021

I have xlt and want exchange in USTt 03359604796

By: Saeed Khan on 09-05-2021

Anyone selling Turkish Lira? 03322980797

By: Moten on 09-05-2021

I hv MalAysian ringgit is there any one interested to buy

By: Tariq on 29-04-2021

Anybody interested to remit Canadian $20k. to Pakistan Contact 647 8314189

By: A.Q Khan on 31-03-2021

I want to chnge 100 dollars in pkr rupees

By: Tj on 17-03-2021

Anyone want to sell GBP contact me 03131006866 03080530566

By: Muhammad Rizwan on 12-02-2021

Want to buy 1000$

By: Ahmed on 08-02-2021

750 waly bond chahiye 03353015473

By: Rashid on 23-01-2021


By: Bahadar on 22-01-2021


By: Bahadar on 22-01-2021

I want to exchange 700 Kuwaiti Dinar Pls contact 0320 4525744

By: Shakeel on 19-01-2021

I want to exchange pound £ 2000, contact 03005152578

By: Tanzeem on 31-12-2020


By: Shoukat Khaskheli on 18-12-2020

Hi guys muje 26000 dirham change karne ha pls rabta 03207451008

By: Fahim on 03-12-2020

hay bro any one to sell or purchase any kind of currency so u can contact me on 03161137021 and

By: Azizullah on 01-12-2020

Salam brothers agr koi kuch sell ya purchase krna chahta ho to rakta karein me koi broker nhi but kuch piase earn krna chahta hoon rakta no 03161137021 or rabta karein aur deal done hone one hour or currency will chahnged

By: Aziz on 01-12-2020

I want to exchange 20000 saudi riyal please contact me 03446400025

By: Muhammad Kashif on 24-11-2020

Muhammad Rehan money like yeah and

By: Muhammad Rehan on 23-11-2020

I want to exchange ksa 30000 riyal contec 03095389340

By: Abdurrasheed on 18-11-2020

Inform me irani riyal rate

By: Asghar on 09-11-2020

Dollar ko pakdo ya dollar ka pakdo kahi udh na Jaye 😏😏

By: Asim Hussain Khan on 19-10-2020

i want to sell yen current if any one interested please contact 03442400045

By: Rizwan on 10-10-2020

I want to exchange at rate of

By: Junie on 02-10-2020

is there any way to buy CNY chines yaun ? how can i buy it ?

By: Obaid on 07-07-2020

I want to change cad $ 2oo in pkr 03156829939

By: Saad on 01-07-2020

Lanat iss tabdeli pe

By: Khan Bahadur on 27-06-2020

I don't know ke 168 ka achanak hogaya rate or 1 hi month me 160 hua then 158. Again yahi haal patrol 1 rupee increase hota ha to mehengai ho jati ha or aaj average 50 se 60 rupee minus diesel neeche per kisi bhi cheaz per 1 rupee Kam na hoe. Or ab dollar oper ja reha ha

By: Zain on 05-06-2020

kiya yaar itny high rate hain , banda kya kary. video hi dekhain phir.

By: #ShoaibHazari on 09-05-2020

Comments dene k liye kuch baqi hai.

By: Majid Qureshi on 07-05-2020

sap kai open market aur inter bank rate mai itna diffrence kaisaey has

By: Zeeshan Ahmed on 26-03-2020

money may birth life as well

By: Syed Imran Khurshid on 08-12-2019

Money change the life

By: Adnan Usman on 30-10-2019

Hassan Kazim, 75 Lacs Finish

By: Hassan Kazim on 28-08-2019