Currency converter

The fields come filled with sample values so you can see how the converter works. Replace them with your own amount and currencies. The result appears next to the inputs.

What this currency converter does

This exchange rate converter turns an amount in one currency into another at a reference rate. A reference rate is a rate published by a central bank for information. It is not a rate anyone is offering to trade with you.

The rates card at the top shows official State Bank of Pakistan (SBP) data. It lists SBP's mark-to-market "ready" rates in rupees per unit for USD, EUR, GBP, SAR, AED, CNY and many other currencies, with the SBP date and a link to the SBP page. It also shows the SBP weighted average customer exchange rate for the US dollar (bid and offer), a recent trend line against PKR and a converter that includes PKR. The separate converter card below it uses the euro reference rates published by the European Central Bank (ECB) and has no PKR. For rupee amounts, use the rates card. Under every result you see:

• Source: which published rate was used.
• Date: the day that rate refers to.

Always check both. Reference rates are not updated in real time. If markets move after publication, the converted amount can differ from the live rate.

How to use the PKR converter

1. In the rates card at the top, type the amount you want to convert.
2. Choose the currency you have, such as USD.
3. Choose the currency you want, such as PKR.
4. Read the result, the rate used, the source and the date.

To convert dollar to PKR, set USD as the "from" currency and PKR as the "to" currency. To convert in the other direction, swap them. The ECB converter card does not include PKR.

The formula

The ECB publishes each rate as "units of currency per euro". To convert between two currencies that are not the euro, the ECB converter card goes through the euro. This is called a cross rate:

Amount in B = Amount in A × (rate of B per EUR ÷ rate of A per EUR)

• If A is the euro, the amount is multiplied by the rate of B.
• If B is the euro, the amount is divided by the rate of A.

The rates card works with SBP rates in rupees per unit of each currency, applies them directly and labels the source as SBP. The result is rounded for display, so a manual calculation can differ slightly in the last decimal places.

Why your bank's rate is different

The reference rate shown here is not the rate you will get when you exchange money. Banks, exchange companies and card issuers set their own rates. Their rates usually differ for these reasons:

• Buy and sell rates. Dealers quote a lower rate to buy a currency from you and a higher rate to sell it to you. The difference is their spread.
• Fees and charges. Card payments, transfers and cash exchange can carry fees on top of the rate.
• Timing. Dealer rates change during the day. A reference rate is fixed for its date.
• Market type. Interbank, open-market and customer rates in Pakistan are not the same. Our SBP exchange rates page explains the rates the State Bank of Pakistan publishes.

Before you exchange or send money, ask the bank or exchange company for its final rate and total cost. For more background, see Exchange rates.

Using converted amounts in trading

Traders often need amounts in PKR when prices and results are quoted in USD. The converter in the rates card can help you:

• understand what an account balance in USD equals in PKR at the SBP rate;
• translate a profit or loss figure from a calculator into PKR;
• compare costs quoted in different currencies.

For trade-specific numbers, use the pip value calculator, the profit/loss calculator or the margin calculator. The full list is on the calculators page. To convert a gold price per ounce into PKR per gram, use the gold ounce to PKR/gram tool.

A reference rate is not the rate a broker applies to your account. If your account is held with a broker such as Exness, check the conversion terms in your personal area or on the broker's official site.

Leveraged forex and CFD trading can lose money fast, and currency moves can make a loss larger in PKR terms. Read Risk management before you trade. For the legal position on offshore trading platforms in Pakistan, see Law and regulators.

Frequent questions

Is the dollar to PKR result the rate I will get at a bank?

No. The rates card shows an SBP reference rate. Banks, exchange companies in the open market and remittance apps quote their own buying and selling rates and may add fees.

Where do the rates come from?

The rates card uses official SBP data: the mark-to-market rates SBP issues every working day so authorised dealers can revalue their books, plus the SBP weighted average customer bid and offer rates for the US dollar. The US dollar mark-to-market rate is a weighted average of closing interbank rates collected through brokerage houses. The other currencies come from the same SBP file. The separate converter card uses ECB euro reference rates and has no PKR. The source and date appear with each result.

Why does the date not show today?

Reference rates are published for specific days and are not live. SBP publishes no new rate on weekends and public holidays, so the last working day's date stays. The card refreshes by itself when SBP publishes. The date tells you which day the rate refers to.

Can I convert between two currencies that are not the euro?

Yes. The ECB converter card calculates a cross rate through the euro, using the formula above. For pairs with PKR, use the converter in the rates card.

Can I use this converter to decide when to exchange or trade?

No. It shows a conversion at a published rate. It does not forecast rates or give advice on when to buy or sell any currency.

Why does my own calculation differ slightly?

The displayed result is rounded. Small differences in the last decimal places come from rounding.