Today Open Market Currency Rates in Pakistan - PKR Exchange Rates


Currency Rate in Pakistan - Latest currency rates in Pakistan according to the Forex Association on 18 June 2024 are US Dollar: PKR 280.50, Euro: PKR 299.00, British Pound: PKR 353.25, Saudi Riyal: PKR 73.55, UAE Dirham: PKR 75.60, Australian Dollar: PKR 184.00. More buying and selling rates are given below.

Currency Rates in Pakistan

Open Market Rates in Pakistan

An open market is basically that market of any country to which all economic players have an access to and can do the trade without the tension of extraneous constraints. In easy words open market basically allows free trade between countries. In terms of banking, open market allows the transaction of assets between countries.

The word “open” in open market generally refers to the following characteristics of any market;

  • The extent of competition
  • Any sort / number of cultural constraints which might hinder the trade
  • The number of regulations, government imposes on these markets

Generally these are the constraints that make trade difficult. The lesser the impact of the following on market of any country, the more open is the market of that country. Open market gives equal opportunity to all economic players in the buying and selling of currency, goods, assets etc. An open market is free of tariffs, subsidies and levies, which ensures the participation of more entities in the market. The more open markets of the world are of Canada, Australia, Western Europe and USA whereas North Korea, Brazil and Cuba are comparatively closed markets, allowing lesser number of economic participants to trade in the market.

Currency Exchange

Apart from buying and selling of goods, currencies are also exchanged between open markets of different countries. International banks, most famous being Deutsche Bank, Barclays, HSBC, Standard Chartered, Citi etc are involved in fixing the rate of currency exchange in the global market. One central national bank of every country sets exchange rate of currency on daily basis and this process is known as Foreign Exchange Fixing.

How Currency Exchange Works

The currency exchange rate basically tells us the worth of our money in foreign currency. If we want to purchase or buy a currency, the exchange rate lets us know how much we would have to pay to purchase that currency. Exchange rate for currencies is determined by foreign exchange traders. The exchange rate is also an indicator of building up or weakening of a currency. Before getting your currency exchanged, you ought to know the buying and selling rate of the concerned currency in the market. Usually best deals are offered by National Banks but other than that money can be exchanged at money changers in every country.

In Pakistan, currency can be exchanged at the following;

  • Western Union
  • Dollar East Money Changer
  • Pakistan Currency Exchange Co Pvt Limited
  • AA Exchange, Lahore
  • Paragon Exchange, Lahore
  • Habib Qatar International Exchange Pakistan
  • Wall Street Exchange Co Pvt Ltd
  • Ravi Exchange, Lahore
  • Pay Exchanger, Lahore
  • Link International Exchange Co Pvt Ltd
  • Apni Exchange, Lahore

Elements Affecting Exchange Rates

Exchange rates of any country are affected by three factors;

  • Usually investors around the world would buy any currency depending on the interest rate being paid on the currency by the central bank of that country. More value is imparted to the currency by high interest rates. Investors purchase high value currency and then save it in bank to keep on receiving high interest on it.
  • If there is too much of money supply because of over printing of currency, more money is available but goods to be purchased are less. This leads to bidding of money and devaluation of the currency hence lowering that currency’s exchange rate.
  • The economic growth rate and financial stability of any country push up the exchange rate of its currency in the global market.

Interbank Rate Difference

Currency exchange rates in open market are different from interbank rates. Banks usually charge a higher exchange rate on the currency because of the added interest to it. Banks worldwide have to hold liquid assets to put up with the withdrawal and payments on the part of clients due to which interest is added when it comes to currency purchase or selling. It is suitable for investors to head to bank for currency exchange since they plan on reserving the money to make it double but for common people it is more feasible to visit local money exchangers to get a good deal for their money.

Effect of Exchange Rate on Economy

The economic growth of a country and its currency exchange rate has a directly proportional relationship. Greater the currency exchange rate of a country greater the economic growth of that country. If the economy of a country is strong then more global investors would purchase its goods and services hence buying more of its currency.

The economy of Pakistan has not been in a stable position since a long time due to which our currency continues to devalue hence leading to change in currency exchange rates. When the new government took over recently, the price of Dollar was reduced by 4 points but now again the price has gone up by 9 Rupees giving a hard time to Pakistan’s economy. For people in Pakistan, who want to buy or sell foreign currency, there is no margin for profit. We get lesser amount in return if we purchase foreign currency. Similarly we get less if we sell foreign currency. This is applicable to currencies that have high exchange rate than Pakistani Rupee.

You can get the open market currency exchange rates of US Dollar in Pakistan ($ USD) and all major currencies including Euro EUR, British Pound GBP, Saudi Riyal SAR, UAE Dirham AED, Canadian Dollar CAD and Chinese Yuan. The current buying and selling prices are given which are converted in Pakistani Rupees PKR. There is a very handy tool of Currency Convertor is also available to easily convert any currency online.

Latest Comments

I am running my own business so for that I really need to get updated today open market currency rates in Pakistan. PKR exchanges rates fluctuates uncertainly. 

By: Babar Ali on 26-06-2019

I have 20k AED. Want to sell against PKR 971567272261

By: Asad Ullah on 09-11-2023

I have Dehram any body needs can contact at Lahore.

By: 0300 on 25-10-2023

Mery pass 200 saudi riyal hain jis ko zarorat ho plz call karey 0345-8220240

By: Asif on 21-09-2023

I am willing to buy USD dollars if any one want sale contact me 0306-2437228.

By: Jahanzaib on 14-09-2023

I need 7000 US dollar

By: Tahir 03335531519 on 11-09-2023

i have usd dollar 966502295645

By: Haider on 10-09-2023

i have usd dollar 966502295645

By: Haider on 10-09-2023

Plz kia kisi ka pass Malaysia Ringgit ha 500avaiable ha saqib 03009547095

By: Saqib on 09-09-2023

Yes sir online wark

By: Zeeshan on 03-09-2023

I need pound if anyone want to sell contact me 03156822208

By: Taimoor on 02-09-2023

Mjy euro chay ksi ky pas hyn to rabta kry 03016390380

By: Khalil on 02-09-2023

I have need to purchase darham 03201913006

By: Umar Khan on 01-09-2023

I buying iran currency Tell me this whatsapp number 03248380529

By: Wali Khan on 01-09-2023


By: MUHAMMAD ABID KHAN on 25-08-2023


By: MUHAMMAD ABID KHAN on 25-08-2023

bhai riyal kitny ka mily ga

By: Hammad on 20-08-2023

I have a drham 15000 sale

By: Mazhar on 04-08-2023

mairy pass saudi Ryal hy agr kese ko chahey to rabeta krly

By: Javid on 23-07-2023

I have Saudi rayal interested connect what's up Manshera Areas 0508623701

By: Saif on 06-07-2023

I need USD any interest sale contact me

By: Malik Ijaz on 05-07-2023

Really appreciate you sharing this article post. Thanks Again! Beauty salon Brooklyn.

By: Beauty Salon Brooklyn on 22-06-2023

Kisi ko idea hai Karachi mai open market kaha hai. dirham to PKR exchange krnay ka kia process hai

By: Uzir on 15-06-2023

I want to sell Saudi Riyals and USD. If someone needs contact me at 03454063074

By: Muhammad Adil on 13-06-2023

Salaam Guy's I Have 2 Lac GBP Anyone Buying It

By: Khawaja Umair on 07-06-2023

AsSaLaAm-O-AlAiKuM MaRe PaAs 2 LaKh Pound Manchester UK K Hn Koi HaY Jo BeHtAr RaTe MaÎn Khareed LaY MjHsE ??

By: Khawaja Umair on 07-06-2023

I have 50,000 saudi 🇸🇦 riyals I want to sale please give me bater rate

By: Naeem on 02-06-2023

I want to sale euro .03456239413

By: Zeeshan on 31-05-2023

Mere pas 3000 EUR hai I want to sale

By: Sajid on 30-05-2023

USD currency available contact me in Lahore 03212998633

By: Riasat Alib on 30-05-2023

I want to buy uae darham in peshawar hayatabad .p3420938403

By: Adnn on 29-05-2023

I want Saudi riyal 20000 contact 03455219096 only Rawalpindi

By: Hassam on 28-05-2023

I have USD and want sell them. If anyone interested. Please contact

By: Hassan on 24-05-2023

mary pass 30000 hazar riyal h kise ko lany h to muja sy contact kary ya mara whatsapp numbir h 0537096656

By: Amir on 15-05-2023

Mujhay turkey kay leeray chahiay ya saudia riyal agar kissi kay pas ho to contact Karen . 03018959474

By: Taj M Khan Safi on 03-05-2023

Dear friend I have 3000 Saudi riyal and exchange with UAE Dirham if any body interested then contact on 03028509224

By: Jehangir on 26-04-2023

I have 50 thousend dirham I want to sel Location Kasur city contact 03111452777

By: Fakhar on 26-04-2023

Mujye Euro 💶 chahyein agher kissi Kay pass hn to rabta karye 03204004182 Malik ijaz

By: Malik Ijaz on 19-04-2023

Mery pass dirham ha kise ko chaye tu contact kry 03315321915

By: Adil Zaman on 17-04-2023

Salam i have dollor usd if any one want contact me

By: Adil Zaman on 04-04-2023

I have some US dollars, Pls. Contact me

By: Mohammad Raja on 20-03-2023

Saudi Ryaal wants to sell contact 03456625591

By: Mujeeb on 16-03-2023

I seem usd 03028539305

By: Rashid on 13-03-2023

I have a lot of lund mean dick who want contact me

By: Malang Baba on 09-03-2023

I have 1 million Irani rial I want to sale

By: Am on 07-03-2023

Want to sale 720 US💸💲 interested peoples can contact with me only on WhatsApp 03011132954

By: Muzammil on 02-03-2023

Agar toba Tek Singh main kisi ko pound chayia to rabta kar sakta hai

By: Ali on 02-03-2023

Need US dollars

By: Zubair Ahmad on 02-03-2023

I have US dollar, If need someone, pls contact on whatsapp# 0313-9520848.

By: NA on 01-03-2023

I have US dollar, If need someone, pls contact on whatsapp# 0313-9520848.

By: NA on 01-03-2023