The exchange rate of the UAE Dirham (AED) against the Pakistani Rupee (PKR) saw fluctuations in the open market, reflecting ongoing currency market trends.
(more…)Tag: Pak Rupee
Pakistan Revenue is committed to providing accurate exchange rates in Pak Rupee for foreign currencies, helping readers stay informed about the fluctuating value of the Pak Rupee in the market.
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Pakistani Rupee to Euro on June 23, 2022
KARACHI: Following are the rates of buying and selling of one Euro (EUR) in Pakistani Rupee (PKR) in the open market on June 23, 2022:
Buying: Rs 222.00 to the Euro
Selling: Rs 225.00 to the Euro
The buying rate means an exchange company or a bank buys foreign currency from a customer.
The selling rate means an exchange company or a bank sells for foreign currency from a customer.
The rate has been updated at 08:17 AM Pakistan Standard Time (PST).
The Euro /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.
Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. Team PKRevenue.com provides the available exchange rates at the time of posting the story. So the team is not responsible for any inaccuracy of the data.
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Pakistani Rupee to UK Pound Sterling on June 23, 2022
KARACHI: Following are the rates of buying and selling of one UK Pound Sterling (GBP) in Pakistani Rupee (PKR) in the open market on June 23, 2022:
Buying: Rs 258.50 to the UK Pound Sterling
Selling: Rs 261.50 to the UK Pound Sterling
The buying rate means an exchange company or a bank buys foreign currency from a customer.
The selling rate means an exchange company or a bank sells the foreign currency from a customer.
The rate has been updated at 08:07 AM Pakistan Standard Time (PST).
The UK Pound Sterling /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.
Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. Team PKRevenue.com provides the available exchange rates at the time of posting the story. So the team is not responsible for any inaccuracy of the data.
READ MORE: Pakistani Rupee to UK Pound Sterling on June 22, 2022
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Pakistani Rupee to Saudi Riyal on June 23, 2022
KARACHI: Following are the rates of buying and selling of one Saudi Riyal (SAR) in Pakistani Rupee (PKR) in the open market on June 23, 2022:
Buying: Rs 56.00 to the Saudi Riyal
Selling: Rs 56.80 to the Saudi Riyal
The buying rate means an exchange company or a bank buys foreign currency from a customer.
The selling rate means an exchange company or a bank sells for foreign currency from a customer.
The rate has been updated at 08:02 AM Pakistan Standard Time (PST).
The Saudi Riyal /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.
Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. Team PKRevenue.com provides the available exchange rates at the time of posting the story. So the team is not responsible for any inaccuracy of the data.
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Rupee slips to new low at Rs211.93 against dollar
KARACHI: The Pakistan Rupee (PKR) slipped to new historic low at Rs211.93 against dollar on Wednesday in interbank foreign exchange market.
The rupee fell by 45 paisas to end at Rs211.93 to the dollar from previous day’s closing of Rs211.48 in the interbank foreign exchange market.
READ MORE: Free-fall in rupee continues; dollar peaks at Rs211.48
Currency experts said that the local unit was under pressure due to fiscal weakness and falling foreign exchange reserves.
They said that the foreign exchange reserves had declined to critically low, which created panic in the market. Besides, high oil prices and rise in commodity prices globally also pushed dollar demand for import payments.
According to data released by the State Bank of Pakistan (SBP) a day earlier, the official reserves of the central bank had declined to provide about one month import cover.
READ MORE: Dollar hits historic high against rupee, ends near Rs210
The official foreign exchange reserves of the State Bank of Pakistan (SBP) fell by $241 million to $8.985 billion by week ended June 10, 2022 as compared with $9.226 billion a week ago i.e. June 03, 2022.
The present level of the SBP’s reserves showed that the central bank has import cover for around only one months.
Pakistan’s import bill for the month of May 2022 recorded at $6.777 billion, according to Pakistan Bureau of Statistics (PBS).
READ MORE: Rupee collapses to fresh low against dollar to Rs208.75
The latest foreign exchange reserves of the SBP showed it fell around 2½ years low. Previously, the foreign exchange reserves held by the central bank were seen at $9.233 billion on December 6, 2019.
The foreign exchange reserves held by the central bank witnessed a record high at $20.146 billion by week ended August 27, 2021.
Since touching the peak the central bank’s foreign exchange witnessed a continuous decline. The official reserves of the SBP fell around $11.16 billion by week ended June 10, 2022 from touching the peak on August 27, 2021.
The country is facing serious balance of payment crisis during the past many months. The foreign exchange reserves of the central bank have seen a constant decline.
The country was expecting inflows from various sources but so far those were not materialized so far. The country also making all efforts to resume IMF program to obtain about $ 1 billion next tranche under Extended Fund Facility (EFF).
READ MORE: Pakistan’s central bank reserves shrink to one month import cover
It is pertinent to mention that the government had twice increased the prices of petroleum products since May 26, 2022 in order to satisfy the International Monetary Fund (IMF) for the release of next tranche of about $1 billion. Another increase was seen on June 15, 2022.
The government on May 26, 2022 decided partially withdraw the subsidy to get the next tranche of the IMF, the rupee sharply made gains against the dollar. The local unit made a recovery of Rs4.42 against the dollar during the past five sessions.
The rupee remained under pressure against the greenback during the current fiscal year. The State Bank of Pakistan (SBP) has taken various measures to support balance of payment and the local currency. However, the measures ended in a failure to help the rupee to recover losses.
The SBP on May 23, 2022 announced a sharp increase in policy rate by 150 basis points to 13.75 per cent from 12.25 per cent.
Recently the government announced a complete ban on imports to support balance of payment and help the rupee to stabilize. But all these measures appeared in failure as the exchange rate yet again deteriorated today massively.
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Bitcoin to Pak Rupee on June 22, 2022
KARACHI: The exchange rate of Bitcoin (BTC) in Pak Rupee (PKR) is Rs4,348,134.46 on June 22, 2022 at 10:33 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate Rs4,329,062.50 at closing on June 21, 2022.
The rate of Bitcoin in US Dollar (USD) is $20,410.58 on June 22, 2022 at 10:33 AM Pakistan Standard Time (PST) in the open exchange market. The rate of Bitcoin has been calculated and compared with the rate $20,596.64 at closing on June 21, 2022.
Disclaimer: All data and information is provided for informational purposes only. The data has not been provided for trading purposes or financial, investment, tax, legal, accounting, or other advice. In the case of trading, it is advised to consult your broker or financial representative to verify pricing before executing any trade. The exchange rate does not constitute investment advice. Further, it is not a recommendation to buy, sell or hold any security or financial product.
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Ripple to Pak Rupee on June 22, 2022
KARACHI: The exchange rate of Ripple (XRP) in Pak Rupee (PKR) is Rs68.97 on June 22, 2022 at 10:29 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate Rs67.97 at closing on June 21, 2022.
The rate of Ripple in US Dollar (USD) is $0.32 on June 22, 2022 at 10:29 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Ripple has been calculated and compared with the rate of $0.32 at closing on June 21, 2022.
Disclaimer: All data and information are provided for informational purposes only. The data has not been provided for trading purposes or financial, investment, tax, legal, accounting, or other advice. In the case of trading, it is advised to consult your broker or financial representative to verify pricing before executing any trade. The exchange rate does not constitute investment advice. Further, it is not a recommendation to buy, sell or hold any security or financial product.
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Dogecoin to Pak Rupee on June 22, 2022
KARACHI: The exchange rate of Dogecoin (DOGE) in Pak Rupee (PKR) is Rs13.52 on June 22, 2022 at 10:23 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate Rs12.63 at closing on June 21, 2022.
The rate of Dogecoin in US Dollar (USD) is $0.06 on June 22, 2022 at 10:23 AM Pakistan Standard Time (PST), in the open exchange market. The rate of Dogecoin has been calculated and compared with the rate $0.06 at closing on June 21, 2022.
Disclaimer: All data and information are provided for informational purposes only. The data has not been provided for trading purposes or financial, investment, tax, legal, accounting, or other advice. In the case of trading, it is advised to consult your broker or financial representative to verify pricing before executing any trade. The exchange rate does not constitute investment advice. Further, it is not a recommendation to buy, sell or hold any security or financial product.
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Foreign currency rates in Pak Rupee – June 22, 2022
KARACHI: Following are the open market exchange rates of foreign currencies in Pak Rupee (PKR) in Pakistan on June 22, 2022 (The rates are updated at 10:15 AM (Pakistan Standard Time):
Currency Buying Selling Australian Dollar (AUD) 143.55 144.80 Bahrain Dinar (BHD) 549.53 554.03 Canadian Dollar (CAD) 159.20 160.55 China Yuan (CNY) 30.78 31.03 Danish Krone (DNK) 29.15 29.50 Euro (EUR) 223.00 226.50 Hong Kong Dollar (HKD) 26.32 26.67 Indian Rupee (INR) 2.65 2.73 Japanese Yen (JPY) 1.60 1.66 Kuwaiti Dinar (KWD) 671.36 676.36 Malaysian Ringgit (MYR) 46.93 47.38 NewZealand $ (NZD) 130.45 131.65 Norwegians Krone (NOK) 20.66 20.96 Omani Riyal (OMR) 537.38 541.88 Qatari Riyal (QAR) 56.76 57.26 Saudi Riyal (SAR) 56.40 57.00 Singapore Dollar (SGD) 148.55 149.85 Swedish Korona (SEK) 20.28 20.58 Swiss Franc (CHF) 210.50 212.25 Thai Bhat (THB) 5.87 5.97 U.A.E Dirham (AED) 57.80 58.50 UK Pound Sterling (GBP) 260.00 263.50 US Dollar (USD) 213.50 215.50 Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. Team PKRevenue.com provides the available exchange rates at the time of posting the story. So the team is not responsible for any inaccuracy of the data.
READ MORE: Foreign currency rates in Pak Rupee – June 21, 2022
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Pakistani Rupee to US Dollar on June 22, 2022
KARACHI: Following are the rates of buying and selling of one US dollar (USD) in Pakistani Rupee (PKR) in the open market on June 22, 2022:
Buying: Rs 213.50 to the US Dollar
Selling: Rs 215.50 to the US Dollar
The buying rate means an exchange company or a bank buys foreign currency from a customer.
The selling rate means an exchange company or a bank sells the foreign currency from a customer.
The rate has been updated at 09:57 AM Pakistan Standard Time (PST).
The US Dollar /PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand.
Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. Team PKRevenue.com provides the available exchange rates at the time of posting the story. So the team is not responsible for any inaccuracy of the data.