KARACHI – The exchange rate of the one US Dollar against Pakistani Rupees in the local and open market was recorded at Rs 293 while the selling rate was traded at Rs.297 on Tuesday, May 16, 2023.
Note: These rates may vary depending on the location/city-to-city basis/ and the Exchange Company or bank involved in the transaction. Below are the foreign and local currency exchange rates for US Dollar, UK Pound Sterling, European Euro, UAE Dirham, Saudi Riyal, and other foreign currencies in Pakistan’s open market.
| Buying | Selling | ||
| US Dollar | USD | 293 | 297 |
| Euro | EUR | 318 | 321 |
| UK Pound Sterling | GBP | 365 | 368 |
| U.A.E Dirham | AED | 80 | 80.9 |
| Saudi Riyal | SAR | 78 | 78.8 |
| Australian Dollar | AUD | 192.5 | 194.5 |
| Bahrain Dinar | BHD | 769.96 | 777.96 |
| Canadian Dollar | CAD | 214 | 216.2 |
| China Yuan | CNY | 41.4 | 44.46 |
| Danish Krone | DKK | 42.92 | 42.33 |
| Hong Kong Dollar | HKD | 36.16 | 37.51 |
| Indian Rupee | IND | 3.47 | 3.58 |
| Japanese Yen | JPY | 2.05 | 2.35 |
| Kuwaiti Dinar | KWD | 926.58 | 935.58 |
| Malaysian Ringgit | MYR | 63.26 | 64.86 |
| New Zealand Dollar | NZD | 176.31 | 178.56 |
| Norwegians Krone | NOK | 27.98 | 28.63 |
| Omani Riyal | OMR | 739.99 | 747.97 |
| Qatari Riyal | QAR | 78.87 | 79.58 |
| Singapore Dollar | SGD | 210 | 212 |
| Swedish Korona | SEK | 27.32 | 227.68 |
| Swiss Franc | CHF | 318.97 | 320.59 |
| Thai Bhat | THB | 8.33 | 8.48 |
The exchange rates are constantly moving, based on supply and demand. However, the forex rates are updated at 09:00 AM on Pakistan Standard Time (PST) and are subject to change based on market forces and foreign currency demands.
