According to the Forex Association the latest currency exchange rate in Pakistan on 17th August 2024, the US Dollar: is PKR 280.40, the Euro: is PKR 305.70, the British Pound: is PKR 360.10, the Saudi Riyal: is PKR 74.55, the UAE Dirham: PKR 76.65, Australian Dollar: PKR 187.50. Their selling and buying rates are mentioned in the chart below.
Currency Exchange Rate in Pakistan
Here are the buying and selling rates for some other popular currencies on the same day:
| Currency | Buying | Selling | |
| US Dollar | USD | 279.6 | 280.5 |
| Euro | EUR | 303.5 | 305.7 |
| UK Pound Sterling | GBP | 357.9 | 360.1 |
| U.A.E Dirham | AED | 75.9 | 76.6 |
| Saudi Riyal | SAR | 73.9 | 74.60 |
| Australian Dollar | AUD | 184.25 | 186.15 |
| Bahrain Dinar | BHD | 739.5 | 745 |
| Canadian Dollar | CAD | 203 | 205 |
| China Yuan | CNY | 38.29 | 38.69 |
| Indian Rupee | IND | 3.34 | 3.44 |
| Japanese Yen | JPY | 1.9 | 1.98 |
| Kuwaiti Dinar | KWD | 907.71 | 916.71 |
| New Zealand Dollar | NZD | 169.34 | 171.34 |
| Omani Riyal | OMR | 722.87 | 730.89 |
| Qatari Riyal | QAR | 76.14 | 77.14 |
Important Note:
- These rates are just an estimate and can change quickly.
- The exact amount you’ll get might be different depending on where you exchange money.
For More: DailyPakPress Updates on Gold, Currencies, and Taxes
What is Currency Exchange?
Currency Exchange in simple words is trading one type of money for another. For example, you might trade Pakistani rupees for US dollars when you’re traveling.
How Does it Work?
The exchange rate tells us how much for one currency you will get. This change in currency rate is based on time and mainly depends on the country’s economic position. So, the Big companies and banks decide the rates of currency.
when you go for a money exchange, you mainly visit banks and the exchange markets or you use machines at the airport. It is important to compare the rates of currency before setting a deal.
Where to Exchange Money in Pakistan
If you’re in Pakistan, you can exchange money at these places:
- Banks: These are usually the safest options.
- Money exchange shops: You can find these in many cities.
- Airport exchange counters: Convenient but often have higher fees.
Remember: Exchange rates increase or decrease fastly so it is important to compare the prices before exchanging it.