Currency rate in Pakistan, 5 December 2018


Currency Rate in Pakistan

Karachi: Here is the updated currency rate in Pakistan as 5 December 2018. We collect currency rates from local exchanges and local forex market of different cities including Lahore, Peshawar, Faisalabad, Gujranwala, Islamabad, Karachi, Rawalpindi, Quetta, Sialkot, and Multan.

Forex Updates

Currency Symbol Buying Selling
Euro EUR 155.5 157.5
US Dollar USD 137.5 139
British Pound GBP 175 178
Saudi Riyal SAR 36.5 37.5
UAE Dirham AED 37.5 38.25
Australian Dollar AUD 98.5 100.5
Kuwaiti Dinar KWD 458.5 463
Canadian Dollar CAD 100.5 102
Chinese Yuan CNY 20.2 20.35
Indian Rupee INR 1.92 1.99

Which factors affect currency rate in Pakistan?

There are several factors that higher or lower the currency rate in Pakistan or any other country. The Dollar rate in Pakistan has also seen a high rise in last few months.

On Friday, the US Dollar hit the all time high value of Rs 142 in the inter bank market. However, the debt has also increased by PKR 760 billion owing to the rise in the value of US dollar.

USD to PKR came down as Rupee recovered against US Dollar. The recovery came after PM Imran Khan secured $6 billion Saudi loan from Saudi Arabia on an annual basis. However, it will be for one year in the form of cash assistance and oil on deferred payments. This agreement will be in place for at least three years.

Also Read: Rupee recovers against US Dollar

Following a steep increase in the US dollar’s price last week, the rupee made a recovery against the dollar in the inter bank market on Friday as it was trading at Rs 132.40 in the inter bank, down Rs 1.40 and closed at Rs 131.90, down by Rs 1.87.

A few days back, The Dollar rate in Pakistan significantly increased as the Pakistani Rupee fell to all time low value. The dollar was falling in the evening after the receiving of $10 million remittances into the market.

The interbank market has seen a 7.5% depreciation of Pakistani Rupee against the US dollar. However, the dollar was traded below Rs 134 on October 10.

Later, Pakistani rupee recovers against dollar in the inter bank market as ratio came down. The US dollar was traded at Rs 132.40 and lowered by Rs 1.40.

Also Read: Pakistani Rupee Recovers against Dollar in Inter bank market

The factors are provided below for the further understanding.

  • Changes in inflation cause fluctuation in currency exchange rates.
  • Changes in financing cost influence money esteem and dollar conversion scale.
  • Current account of any country reflects adjust of exchange and income on foreign investment.
  • Government obligation is open obligation or national obligation possessed by the federal government.
  • Identified with current records and adjust of installments, the terms of exchange is the proportion of fare costs to import costs.
  • Political state of country and financial execution can influence its money quality.
  • At the point when any country encounters a retreat, its loan fees are probably going to fall, diminishing its odds to gain outside capital.
  • In the event that a nation’s cash esteem is required to rise, financial specialists will request a greater amount of that money with a specific end goal to make a benefit sooner rather than later.

International Forex Rates

You can see all International Forex Rates Here:

Complete International Forex Rates

Inter Bank Forex Rates

You can see all Inter Bank Forex Rates Here:

Complete Inter Bank Forex Rates

Currency rates are updated on regular basis. You can also check the gold rate in Pakistan here.


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