Currency And Gold Rate In Pakistan
Currency And Gold Rate In Pakistan: Today’s currency rate in Pakistan according to international currencies as of 26th October 2018: The price of 1 USD to PKR buying is 131.45, GBP to PKR buying is 168.50 Rs, Saudi Riyal to PKR buying is 34.60 Rs., UAE Dirham buying is 35.60 Rs., Australian Dollar buying is 91.75 Rs., Rs. Below are today’s currency rates according to different currencies of the world
The rates are provided by local forex Market and Local exchanges of Karachi, Lahore, Rawalpindi, Peshawar, Quetta, Faisalabad, Multan, Gujranwala, Sialkot and Islamabad.
Factors Affecting Interbank Rates
Since interbank currency exchange rates are mainly the interest rates hence following are the factors that affect interest rate/ interbank rates in any country;
Change in currency exchange rates of any country. More the currency exchange rates greater will be the interbank rate.
- Unemployment rate in any country affects the amount of interest added to currency.
- Inflation in any country tends to lower the currency’s value hence lowering interbank rates.
- Economic growth of any country reflects on its interbank rates for currency exchange.
- Gold Rate:
Today’s Gold rate in Pakistan is Rs. 51,655 per 10 grams, and Rs. 60,250 per tola. The gold prices are different in every city of Pakistan.
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