Bank Services

OMR to PKR and Other Currency Rates in Pakistan – August 18, 2024

Published

3 weeks ago

August 19, 2024

Admin

OMR to PKR and Other Currency Rates in Pakistan – August 18, 2024. As of August 18, 2024, the exchange rates for the Omani Riyal (OMR) to Pakistani Rupee (PKR) have been updated according to the Pakistan Open Market. Currently, the buying rate for OMR to PKR stands at 725.45, while the selling rate is 729.82. These rates are subject to frequent changes, reflecting the dynamic nature of global currency markets.

Omani Riyal to PKR Exchange Rates

The exchange rates for the Omani Riyal, as well as other major currencies, fluctuate constantly due to variations in supply and demand in global financial markets. Staying informed about these rates is essential for individuals and businesses dealing in foreign exchange, as it can significantly impact the value received during currency conversion.

The OMR to PKR exchange rates mentioned here have been sourced from the Forex Association of Pakistan, ensuring reliability and accuracy.

Current Currency Rates in Pakistan Open Market

Below is a detailed table of the latest buying and selling rates for various currencies in the Pakistan Open Market as of August 18, 2024:

Currency	Buy	Sell
USD (US Dollar)	279.40	280.50
EUR (Euro)	303.70	305.90
GBP (British Pound)	355.50	357.50
AED (UAE Dirham)	75.80	76.50
SAR (Saudi Riyal)	73.85	74.55
KWD (Kuwaiti Dinar)	905.35	910.50
CAD (Canadian Dollar)	202.65	207.00
AUD (Australian Dollar)	183.90	187.50
OMR (Omani Riyal)	723.40	728.50
JPY (Japanese Yen)	1.91	1.99
MYR (Malaysian Ringgit)	58.75	59.55
QAR (Qatari Riyal)	76.44	77.14
BHD (Bahrain Dinar)	738.00	743.50
THB (Thai Baht)	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)	202.00	204.00
NOK (Norwegian Krone)	26.14	26.44
SEK (Swedish Krona)	26.27	26.57
CHF (Swiss Franc)	319.50	324.50
INR (Indian Rupee)	3.34	3.45

Exchange Rate Fluctuations

Exchange rates are highly sensitive to a variety of factors, including economic indicators, geopolitical events, and changes in market sentiment. For instance, an increase in demand for a particular currency can drive up its value relative to others, while an oversupply can lead to depreciation.

In the case of the Omani Riyal, its exchange rate against the Pakistani Rupee is influenced by the economic relations between Oman and Pakistan, as well as broader market trends. For those looking to convert currency, monitoring these rates can help in making informed decisions and achieving the best possible value.

Conclusion

Whether for personal remittances, business transactions, or travel expenses, being aware of the latest currency exchange rates is crucial. Regular updates from reliable sources like the Forex Association of Pakistan can provide the necessary guidance for effective financial planning.

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.