Currency Exchange Rates in Pakistan Today – October 12, 2023
The world of currency exchange is dynamic and constantly changing. For those living in or dealing with Pakistan, staying updated on currency exchange rates is essential. As of Thursday, October 12, 2023, we provide you with the latest exchange rates, ensuring you have the most accurate and current information at your disposal.
Understanding Currency Exchange Rates
Before we dive into the specifics, let's take a moment to understand what currency exchange rates are and why they matter.
What Are Currency Exchange Rates?
Currency exchange rates represent the value of one currency in terms of another. These rates can fluctuate daily due to various economic and geopolitical factors.
How Are Exchange Rates Determined?
Several factors influence exchange rates, including interest rates, inflation, political stability, and market speculation. The supply and demand for a currency also play a crucial role.
The Role of Exchange Companies and Banks
It's important to note that exchange rates may vary slightly depending on where you exchange your money. Different banks and exchange companies may offer slightly different rates.
Exchange Rates on October 12, 2023
Now, let's get to the heart of the matter. Here are the exchange rates for various currencies against the Pakistani Rupee as of October 12, 2023:
Currency Exchange Rates - October 12, 2023
| Currency | Abbreviation | Buying Rate | Selling Rate |
|---|---|---|---|
| US Dollar | USD | 276.5 | 279.25 |
| Euro | EUR | 290 | 293 |
| UK Pound Sterling | GBP | 345 | 349 |
| U.A.E Dirham | AED | 75 | 76 |
| Saudi Riyal | SAR | 73 | 73.7 |
| Australian Dollar | AUD | 175.25 | 178 |
| Bahrain Dinar | BHD | 745 | 753 |
| Canadian Dollar | CAD | 204 | 206 |
| China Yuan | CNY | 38.56 | 36.98 |
| Danish Krone | DKK | 35 | 36 |
| Hong Kong Dollar | HKD | 36 | 37.28 |
| Indian Rupee | INR | 3.46 | 3.57 |
| Japanese Yen | JPY | 1.88 | 1.95 |
| Kuwaiti Dinar | KWD | 906 | 915 |
| Malaysian Ringgit | MYR | 59.62 | 60.22 |
| New Zealand Dollar | NZD | 169 | 171 |
| Norwegian Krone | NOK | 25 | 26 |
| Omani Riyal | OMR | 727 | 726 |
| Qatari Riyal | QAR | 76 |
