Understanding Currency Exchange Rates in Pakistan Today

The Pakistani Rupee has recently experienced fluctuations against the US dollar in both the interbank and open markets. This isn’t unusual; currency markets are inherently dynamic. As someone who’s followed these trends closely, I’ve seen how quickly things can change.

For instance, the value of the dollar in the Interbank Market initially declined, reaching Rs. 278.81, but then recovered to close at Rs. 278.94. This kind of volatility underscores the importance of staying informed. Conversely, in the Open Market, the dollar’s value remained relatively stable, closing at Rs. 280.83. These changes reflect the dynamic nature of currency markets, where supply and demand forces constantly influence exchange rates.

Current Currency Rates in Pakistan

Today, the Currency Rate in Pakistan Today Open Market shows the US Dollar to PKR at 281.00, the Euro to PKR at 292.50, the British Pound to PKR at 350.00, the Saudi Riyal to PKR at 74.75, and the UAE Dirham to PKR at 76.50. These Currency rates, according to the Forex Association of Pakistan, including buying rates and selling rates, are updated regularly. You can check the latest list, updated on 31 Jan 2025 at 08:07:54 AM, for the most current information.

Exchange Rates Across Markets

In KARACHI, on January 31, 2025, the US Dollar to Pakistani Rupee exchange rate was recorded at Rs278.95 in the open market, with a selling rate of Rs280.65. The Interbank rate for the US Dollar to Pakistani Rupee interbank exchange rate was Rs279.05.

It’s important to remember that Exchange rates usually vary based on the location and the Exchange Company or bank involved in the transaction. These rates are constantly in flux, so it’s wise to shop around for the best deal. Below are the foreign and local currency exchange rates of Pakistani rupees for the US dollar, UK pound sterling, European Euro, UAE dirham, Saudi riyal, and other foreign currencies in the open market.

Q: What makes currency prices go up and down?

A: Lots of things! Mostly, it’s about supply and demand – if more people want a certain currency, its price goes up. Things like the economy, politics, and even what’s happening in other countries can also affect currency values.

Q: What’s the difference between “interbank” and “open market” rates?

A: Think of “interbank” as the price banks pay each other for currency. “Open market” is what you see at a currency exchange place or your bank – they add a little extra, kind of like a fee, for their service.

Q: Where can I find the latest currency prices?

A: Lots of places online, like the Forex Association of Pakistan website, your bank’s website, or currency converter sites. It’s smart to check a few places to see who has the best deal.

Q: How often do these prices change?

A: They can change all the time, especially the interbank rates. Open market rates might not jump around as much, but they still change day to day.

Q: What currencies are traded most in Pakistan?

A: US dollars, Euros, British Pounds, Saudi Riyals, and UAE Dirhams are pretty common.

Q: How do I get the best exchange rate?

A: Shop around! Check different exchange places and banks. Think about any fees they charge, too. Usually, it’s best to exchange during business hours when things are busiest.

Q: What’s the Forex Association of Pakistan?

A: They’re like a group that keeps an eye on currency exchange businesses in Pakistan. They share info about rates and try to make sure things are done fairly.

Fahad Munir

Fahad Munir is a seasoned journalist and editor at Awam PK, specializing in sharing accurate and timely news, job updates, and educational information to the Pakistani audience.