Here is a detailed overview of the “Currency exchange today in Pakistan” focusing on rates for some major currencies: INR (Indian Rupee), USD (US Dollar), AED (Dirham), GBP (British Pound), AUD (Australian Dollar). These are approximate, mid-market rates; actual rates in banks or money changers will include margins, fees, etc.
Current Exchange Rates (PKR per unit of foreign currency)
| Currency | Abbreviation | Approximate Mid-Market Rate in Pakistan (PKR) |
| US Dollar | USD | ~PKR 281.4 to PKR 286 per 1USD |
| Indian Rupee | INR | ~PKR 3.19 to PKR 3.21 per 1 INR |
| Emirati Dirham (Dhiram) | AED | ~PKR 76.6 – 77.3 per 1 AED |
| British Pound Sterling | GBP | ~PKR 381- 387 per 1 GBP |
| Australian Dollar | AUD | ~PKR 185 – 190 per 1 AUD |
Comparison of These Rates and What They Imply
- USD/PKR: The US dollar remains in a strong position, around Rs 282-284, which indicates continued depreciation of PKR relative to USD. This raises the cost of goods for importers priced in USD. People holding USD indicates accumulation of more PKR in hand.
- INR/PKR: The rate of Rs 3.19 -3.21 per 1 INR reflects typical cross-border exchanges and trade. India, being Pakistan’s neighbouring country and a key trading partner, stability here is important for trade, remittances, and informal currency flows.
- AED/PKR: At ~Rs 76-77, AED is significantly lower than USD, GBP, etc. This is relevant for expatriates who are coming from the UAE sending remittances home, or people doing business or travel involving the UAE.
- GBP/PKR: ~ Rs 383-385, which is quite high, reflecting the strength of the Pound and also the risk premium associated with converting from a major currency to PKR.
- AUD/PKR: ~Rs 187-189, showing that even apart from other non-major-reserve currencies like AUD a significant PKR amount is required.
Factors Influencing These Rates
- Demand & Supply in Foreign Exchange Markets: The price in PKR tends to rise when more people want USD (for imports, debt servicing, or remittances). It is applicable for other currencies too.
- Inflation & Interest Rates: When Pakistan’s inflation becomes high or interest rates change, it affects the attractiveness of holding PKR vs foreign currency.
- Foreign Reserves & Central Bank Policy: Stability is influenced by how much foreign exchange reserves Pakistan has, and whether the State Bank of Pakistan intervenes in markets.
- Remittances & Trade: Remittances from abroad play a big role for AED, USD, etc. Cross-border flows have weight for INR and bilateral trade.
- Global Market Sentiment & Commodities: Rates are also affected by movements in global commodities or global risk (e.g., USD strength globally, geopolitical issues).
Visit THE PAKISTAN regularly to stay updated on currency exchange rates in Pakistan