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.