Today’s Currency Exchange Rates in Pakistan 23 August 2023

Today’s currency exchange rates in Pakistan: Check the latest rates for the US dollar, euro, British pound, and other major currencies. The following are the foreign currency exchange rates for major currencies in Pakistan’s open market on August 23, 2023 (Wednesday):

Table of Today’s Open Market Currency Exchange Rates in Pakistan

Table of Today’s Inter-Bank Market Currency Exchange Rates in Pakistan

Currency	Symbol	Bank Buying	Bank Selling
Australian Dollar	AUD To PKR	191.96	192.46
Canadian Dollar	CAD To PKR	220.4	220.9
Chinese Yuan	CNY To PKR	40.9	41
Danish Krone	DKK To PKR	43.7	43.8
Euro	EUR To PKR	325.8	326.4
Hong Kong Dollar	HKD To PKR	38.06	38.16
Japanese Yen	JPY To PKR	2.02	2.05
Saudi Riyal	SAR To PKR	79.57	79.72
Singapore Dollar	SGD To PKR	220.15	220.65
Swedish Krona	SEK To PKR	27.33	27.43
Swiss Franc	CHF To PKR	340.17	340.67
Thai Baht	THB To PKR	8.49	8.53
U.A.E Dirham	AED To PKR	81.26	81.41
UK Pound Sterling	GBP To PKR	381.69	382.34
US Dollar	USD To PKR	299	299.9

Explanation of Today’s Currency Exchange Rates in Pakistan

The Pakistani rupee has been depreciating against the US dollar in recent months. The current exchange rate of 311.5 Pakistani rupees per US dollar is the lowest it has been in over a year. This is due to a number of factors, including the rising cost of oil imports, the widening trade deficit, and political uncertainty.

The depreciation of the Pakistani rupee is making it more expensive for Pakistanis to import goods and services, which is contributing to inflation. It is also making it more difficult for businesses to compete internationally.

The government has taken some steps to try to stabilize the rupee, such as raising interest rates and imposing import restrictions. However, it remains to be seen whether these measures will be enough to reverse the trend.

Today’s Currency Exchange Rates in Pakistan

The following are the foreign currency exchange rates for major currencies in Pakistan’s open market on August 23, 2023 (Wednesday):

• US Dollar (USD) to Pakistani Rupee (PKR): 311.5 Pakistani rupees per US dollar. This is the lowest it has been in over a year, due to a number of factors, including the rising cost of oil imports, the widening trade deficit, and political uncertainty.
• Australian Dollar (AUD) to PKR: 200 Pakistani rupees per Australian dollar.
• Canadian Dollar (CAD) to PKR: 230 Pakistani rupees per Canadian dollar.
• Chinese Yuan (CNY) to PKR: 41.01 Pakistani rupees per Chinese yuan.
• Euro (EUR) to PKR: 334 Pakistani rupees per euro.
• Hong Kong Dollar (HKD) to PKR: 37.85 Pakistani rupees per Hong Kong dollar.
• Indian Rupee (INR) to PKR: 3.57 Pakistani rupees per Indian rupee.
• Japanese Yen (JPY) to PKR: 2.18 Pakistani rupees per Japanese yen.
• Saudi Riyal (SAR) to PKR: 83.2 Pakistani rupees per Saudi riyal.
• UAE Dirham (AED) to PKR: 84.7 Pakistani rupees per UAE dirham.
• Pound Sterling (GBP) to PKR: 392.1 Pakistani rupees per pound sterling.

The Pakistani rupee has been depreciating against the US dollar in recent months, and this trend is likely to continue in the near future. This is due to a number of factors, including the rising cost of oil imports, the widening trade deficit, and political uncertainty.

The depreciation of the Pakistani rupee is making it more expensive for Pakistanis to import goods and services, which is contributing to inflation. It is also making it more difficult for businesses to compete internationally.

The government has taken some steps to try to stabilize the rupee, such as raising interest rates and imposing import restrictions. However, it remains to be seen whether these measures will be enough to reverse the trend.

Conclusion

The currency exchange rates in Pakistan are constantly fluctuating. It is important to check the latest rates before making any foreign exchange transactions. You can find the latest currency exchange rates on a number of websites, including the State Bank of Pakistan website.