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Currency Exchange Rates in Pakistan Today – August 1, 2024

Published

1 month ago

August 4, 2024

Admin

Currency Exchange Rates in Pakistan Today – August 1, 2024. On Thursday, August 1, 2024, the currency exchange rates in Pakistan’s local and open market were recorded with significant fluctuations. The US Dollar (USD) was valued at Rs 279.3 for buying and Rs 280.5 for selling.

It is crucial to note that exchange rates can vary depending on the location and the specific Exchange Company or bank handling the transaction. Below, we provide a comprehensive overview of the exchange rates for various currencies in Pakistan’s open market as of today.

Detailed Exchange Rates

Currency	Code	Buying Rate (PKR)	Selling Rate (PKR)
US Dollar	USD	279.3	280.5
Euro	EUR	301.75	303.85
UK Pound Sterling	GBP	356.35	359.9
U.A.E Dirham	AED	75.65	76.35
Saudi Riyal	SAR	73.8	74.54
Australian Dollar	AUD	184.85	186.35
Bahrain Dinar	BHD	741	749
Canadian Dollar	CAD	203	205
China Yuan	CNY	38.29	38.69
Danish Krone	DKK	40.03	40.43
Hong Kong Dollar	HKD	35.63	35.98
Indian Rupee	IND	3.34	3.44
Japanese Yen	JPY	1.9	1.98
Kuwaiti Dinar	KWD	907.71	916.71
Malaysian Ringgit	MYR	58.99	59.59
New Zealand Dollar	NZD	169.34	171.34
Norwegian Krone	NOK	26.14	26.44
Omani Riyal	OMR	722.87	730.89
Qatari Riyal	QAR	76.14	77.14
Singapore Dollar	SGD	202	204
Swedish Krona	SEK	26.27	26.57
Swiss Franc	CHF	309.01	311.51
Thai Baht	THB	7.55	7.7

Currency Exchange Rates in Pakistan Today – August 1, 2024

US Dollar (USD): The buying rate is Rs 279.3, and the selling rate is Rs 280.5.
Euro (EUR): The buying rate is Rs 301.75, and the selling rate is Rs 303.85.
UK Pound Sterling (GBP): The buying rate is Rs 356.35, and the selling rate is Rs 359.9.
U.A.E Dirham (AED): The buying rate is Rs 75.65, and the selling rate is Rs 76.35.
Saudi Riyal (SAR): The buying rate is Rs 73.8, and the selling rate is Rs 74.54.

These rates are updated daily at 09:00 AM Pakistan Standard Time (PST) and are subject to change based on market dynamics and foreign currency demand.

Exchange Rate Variations

Exchange rates are influenced by various factors, including economic indicators, market speculation, geopolitical events, and monetary policies. The demand for foreign currency in the local market also plays a significant role in determining these rates.

Tips for Currency Exchange

Compare Rates: Always check multiple sources for the best exchange rates.
Monitor Trends: Stay updated with the latest news and trends in forex markets.
Choose Reliable Sources: Use reputable banks and exchange companies for transactions.

Conclusion

For the most accurate and updated rates, consider checking the latest updates from trusted financial news sources or directly from banks and currency exchange services.

Bank Services

OMR to PKR and Other Currency Rates in Pakistan – 20 August 2024

Published

3 weeks ago

August 20, 2024

Admin

OMR to PKR and Other Currency Rates in Pakistan – 20 August 2024. As of 20 August 2024, the exchange rate between the Omani Riyal (OMR) and the Pakistani Rupee (PKR) is as follows: the buying rate is PKR 725.45, while the selling rate is PKR 729.82. These figures represent the rate at which you can purchase or sell Omani Riyals in exchange for Pakistani Rupees, according to the rates provided by the Pakistan Open Market.

Omani Riyal to PKR Exchange Rates

The exchange rate of Omani Riyal to PKR is a crucial indicator for businesses and individuals engaged in financial transactions between Pakistan and Oman. It reflects the value of one Omani Riyal in terms of Pakistani Rupees. It’s important to note that exchange rates are not static; they fluctuate continuously due to various factors, including global economic conditions, geopolitical events, and changes in the supply and demand for currencies.

The data provided here is sourced from the Forex Association of Pakistan, a trusted authority on currency exchange in the country. This information can be particularly useful for anyone looking to convert their currency at the most favorable rate.

The Dynamics of Currency Exchange Rates

Currency exchange rates, including the OMR to PKR rate, are influenced by multiple global factors. These rates can change multiple times a day based on real-time trading activities, economic reports, interest rates, and political stability, among other factors. Understanding these fluctuations can help you make informed decisions about when to buy or sell currency.

For individuals planning to travel, engage in international trade, or remit money abroad, keeping track of these rates is essential. By doing so, one can optimize the value received when converting currencies.

Current Currency Rates in Pakistan Open Market (as of 20 August 2024)

In addition to the OMR to PKR rate, here are some other key currency exchange rates in the Pakistan Open Market:

Currency	Buy (PKR)	Sell (PKR)
USD – US Dollar	279.4	280.5
EUR – Euro	303.7	305.9
GBP – British Pound	355.5	357.5
AED – UAE Dirham	75.8	76.5
SAR – Saudi Riyal	73.85	74.55
KWD – Kuwaiti Dinar	905.35	910.5
CAD – Canadian Dollar	202.65	207
AUD – Australian Dollar	183.9	187.5
OMR – Omani Riyal	723.4	728.5
JPY – Japanese Yen	1.91	1.99
MYR – Malaysian Ringgit	58.75	59.55
QAR – Qatari Riyal	76.44	77.14
BHD – Bahrain Dinar	738	743.5
THB – Thai Bhat	7.57	7.72
CNY – Chinese Yuan	38.29	38.69
HKD – Hong Kong Dollar	35.68	36.03
DKK – Danish Krone	40.03	40.43
NZD – New Zealand Dollar	169.34	171.34
SGD – Singapore Dollar	202	204
NOK – Norwegian Krone	26.14	26.44
SEK – Swedish Krona	26.27	26.57
CHF – Swiss Franc	319.5	324.5
INR – Indian Rupee	3.34	3.45

Conclusion

The exchange rates provided above are essential for anyone engaging in currency transactions in Pakistan, whether for personal, business, or investment purposes. Staying updated with these rates ensures that you can convert your currency at the most favorable rates, maximizing the value of your money. Always consider checking the latest rates and consult with a financial expert if you are planning large currency exchanges or investments.