Currency refers to any form of money that is used as a medium of exchange for goods and services. It can take the form of physical currency, such as paper money or coins, or digital currency, such as electronic money or cryptocurrencies like Bitcoin.

Currency is used to facilitate transactions and economic activity, and it serves as a unit of account for measuring the value of goods and services. Currency is typically issued and regulated by governments or central banks, which may set monetary policies to manage inflation, interest rates, and the overall supply of money in circulation.

In most countries, the national currency is legal tender, meaning that it is accepted as a valid form of payment for all debts and obligations. However, in some cases, other currencies may also be accepted as a form of payment, particularly in international trade or in areas where multiple currencies are in use.

Inter Bank Rates

The interbank rate, also known as the interbank exchange rate or simply the interbank rate, refers to the interest rate at which banks lend to and borrow from one another in the financial markets. This rate serves as a benchmark for a wide range of financial transactions and influences the overall cost of borrowing in the economy.

Inter Bank Rates

As per Open Market as on Wednesday. Dec 14 2023 , 9:30 PST (GMT +5)
Sr.CountriesSymbolCurrencyBank Buying (TT Clean)Bank Selling (TT & OD)
1Australian AUDDollar185.32 185.82
2Canadian CAD Dollar208.05208.55
3China CNY Yuan 39.38 39.48
4Danish DKK Krone 40.92 41.02
5EuroEUREuro 305.25 305.85
6Hong Kong HKDDollar 36.25 36.35
7Japanese JPY Yen 1.91 1.94
8SaudiSARRiyal 75.46 75.61
9 Singapore SGD Dollar210.46210.96
10Swedish SEK Korona 27.02 27.12
11Swiss CHF Franc 323.29 323.89
12Thai THB Bhat 7.88 7.92
13U.A.E AED Dirham77.0877.23
14UK PoundGBP Sterling 354.40 355.05
15US USDDollar 283.11 283.61

Inter Bank Rates on

  1. Definition and Explanation:
    • The section would likely provide an explanation of what interbank rates are. This could include details about how these rates are determined, their significance in financial markets, and how they impact various financial transactions.
  2. Live Interbank Rates:
    • The website may display live or regularly updated interbank rates for different currencies. Users could explore rates for major currency pairs and get real-time data reflecting the rates at which banks trade with each other.
  3. Comparison with Other Rates:
    • There might be a comparison with other types of rates, such as open market rates or official central bank rates. This helps users understand the variations in rates across different markets.
  4. Historical Data:
    • Some websites offer historical data, allowing users to track how interbank rates have changed over time. This can be valuable for users interested in market trends and analysis.
  5. Currency Converter Tool:
    • To enhance user experience, there might be a currency converter tool allowing users to convert between different currencies using the latest interbank rates.
  6. Educational Content:
    • The section might include educational content to help users understand the complexities of interbank rates, including factors influencing their fluctuations.
  7. Market Insights and Analysis:
    • Some websites provide market insights, analysis, or commentary on factors affecting interbank rates. This can be beneficial for users looking for a deeper understanding of the financial landscape.
  8. Updates and Notifications:
    • Users might have the option to subscribe to updates or notifications to receive alerts when there are significant changes in interbank rates.

Pak Open Market Rate

Welcome to, your premier destination for real-time open market currency rates in Pakistan. Stay informed with the latest updates on currency exchange rates, tailored specifically for the Pakistani open market. Discover the disparities between open market rates and interbank rates, with a focus on the ever-fluctuating dollar rate.

Currency Rate in Pakistan Rupee

As per Open Market as on Wednesday. Dec 14 2023, 09:35 PST (GMT+5)

Sr.CountriesSymbolCurrencyBuying Selling
1Australian AUDDollar 187.20 189.00
2BahrainBHD Dinar 755.28 763.28
3Canadian CAD Dollar 209.00 211.00
4China CNY Yuan 39.68 40.08
5Danish DKK Krone 41.08 41.48
6EuroEUR Euro 306.00 309.00
7Hong Kong HKD Dollar 36.35 36.70
8Indian INR Rupee 3.41 3.52
9Japanese JPY Yen1.39 1.45
10Kuwaiti KWD Dinar 920.97 929.97
11Malaysian MYR Ringgit 60.86 61.46
12New Zealand NZDDollar 173.88 175.88
13Norwegians NOK Krone26.02 26.32
14Omani OMR Riyal 737.7 745.7
15Qatari QAR Riyal 77.98 78.68
16Saudi SAR Riyal76.10 76.90
17Singapore SGD Dollar 211.00 213.00
18 Swedish SEK Korona 27.11 27.41
19Swiss CHF Franc 324.21 326.71
20Thai THB Bhat 7.94 8.09
21U.A.E AED Dirham77.50 78.30
22UK PoundGBP Sterling 358.50 362.00
23US USDDollar284.3 287.00

1. Up-to-Date Currency Rates:

Experience the precision of our regularly updated open market currency rates. We strive to provide accurate information for a variety of currencies, including USD to PKR, EURO to PKR, SAR to PKR, and more.

2. Comparison with Interbank Rates:

Understand the variations between open market rates and interbank rates, particularly the dynamics of the dollar rate. ensures you have the latest insights into these differences.

3. Competitive Exchange Rates:

In contrast to traditional banks, which often impose higher exchange rates, offers competitive rates to enhance your currency exchange experience.

4. Timely Updates – USD to PKR:

Benefit from our timely updates, especially focusing on USD to PKR rates. Our commitment is to provide our visitors with the most recent and relevant information for informed decision-making.

5. Comprehensive Currency Information:

Explore a wealth of information, including historical open market currency rates, graphs, and charts. is your go-to resource for in-depth analysis and understanding of the Pakistan Currency Open Market.


  • Accuracy: Our currency rates are diligently updated for accuracy.
  • User-Friendly Interface: Enjoy a seamless and user-friendly experience while navigating through open market rates, graphs, and charts.
  • Transparent Transactions: empowers you with transparency in currency exchange, ensuring you make well-informed decisions.

Explore Pakistan Currency Open Market

Navigate through the historical trends, analyze market movements, and make informed decisions with the extensive resources available at

Trust, your gateway to a comprehensive and reliable source for open market currency rates in Pakistan.

Currency Situation in Pakistan Vs Other Countries

At that time, Pakistan was facing a number of economic challenges, including high inflation, a large trade deficit, and a falling currency. The Pakistani rupee had depreciated significantly against the US dollar, with the exchange rate reaching record lows in 2020.

To address these challenges, the government of Pakistan had taken a number of measures, including seeking financial assistance from the International Monetary Fund (IMF), implementing economic reforms, and encouraging exports to reduce the trade deficit. The State Bank of Pakistan had also raised interest rates to help control inflation and stabilize the currency.

It is worth noting that economic conditions can change rapidly, and it is important to consult up-to-date sources for information on the current situation in Pakistan.

As an AI language model, I do not have real-time access to current events. However, I can provide some general information about the currency situation in different countries as of my knowledge cutoff date of September 2021.

The currency situation in each country can be influenced by a wide range of factors, including economic growth, inflation, trade balances, political stability, and monetary policy. Here are some brief summaries of the currency situation in a few countries:

  • United States: The US dollar is the world’s most widely used currency and is considered a benchmark for other currencies. As of September 2021, the US dollar was generally strong, benefiting from the country’s relatively stable economic growth and low inflation.
  • European Union: The euro is the common currency of the European Union, used by 19 of the 27 member countries. As of September 2021, the euro was generally stable, but concerns about economic growth and inflation in some member countries had led to some fluctuations.
  • China: The Chinese yuan is the currency of the world’s second-largest economy. As of September 2021, the yuan had appreciated against the US dollar, partly due to China’s relatively strong economic performance and increased foreign investment.
  • India: The Indian rupee had depreciated against the US dollar as of September 2021, partly due to the country’s high inflation and trade deficit.
  • Japan: The Japanese yen had generally weakened against the US dollar as of September 2021, due to the country’s low interest rates and economic growth.

It is important to note that economic conditions can change rapidly, and it is important to consult up-to-date sources for information on the current currency situation in different countries.