Currency Converter

About these rates

The converter uses mid-market reference rates that are updated once a day. They are useful for a quick idea of value — for example, how much a USD 100 invoice or a SAR 2,000 salary is in rupees. The rate you actually get from a bank, an exchange company or a money transfer service is a little different, because they add their own margin and their buying and selling rates are not the same.

Sending or receiving money from abroad

• Compare the final amount the receiver gets, not only the rate. Fees can be hidden in a lower rate.
• Remittances through banks and licensed exchange companies are recorded, which helps when you show foreign income in your tax return.
• For freelancers, the rupee amount credited in your account is what counts for your records.

Open market and interbank rate

In Pakistan you will often hear two rates for the US dollar: the interbank rate used between banks, and the open market rate at exchange companies. They are usually close, but can differ by a few rupees. Check the State Bank of Pakistan or your bank for the official rate on a given day.