Indian Rupee to Pakistani Rupee Currency Conversion

The Indian rupee to Pakistani rupee currency conversion is a crucial aspect to consider when traveling between the two countries. The exchange rate is subject to fluctuations, but as of now, 1 Indian rupee is equivalent to approximately 1.7 Pakistani rupees.

To give you a better idea, let's look at a few examples of currency conversion. For instance, if you're traveling to Pakistan and you have 100 Indian rupees, you can exchange it for around 170 Pakistani rupees.

However, it's essential to note that the exchange rate may vary depending on the location and the time of exchange. So, it's always a good idea to check the current exchange rate before making any transactions.

Forex is a global market where currencies are traded, with trillions of dollars worth of currency exchanged every day.

The forex market is decentralized, meaning it doesn't have a physical location, and operates at high speeds with exchange rates changing every second.

The most common forex transactions involve exchanges between the U.S. dollar and other major currencies like the euro, yen, and pound Sterling.

Forex quotes always consist of two currencies, a base currency and a quote currency, with the base currency always equaling exactly one.

For example, the EUR/USD rate of 1.366 means that one euro is worth $1.366 USD.

In the real world, most exchange rates are given in terms of how much a U.S. dollar is worth in a foreign currency, but the euro is different, being given in terms of how much a euro is worth in U.S. dollars.

The buying and selling rates, also known as the bid and ask prices, are usually listed separately when buying foreign currencies, with the selling rate (ask price) being higher than the buying rate (bid price).

The Indian rupee (INR) is a major currency that's widely traded. The exchange rate between INR and PKR, the Pakistani rupee, can fluctuate significantly over time.

In the past 30 days, the INR to PKR exchange rate reached a high of 3.2781 and a low of 3.2162. This means that the value of INR decreased by 1.66% over this period.

The average exchange rate over the last 30 days was 3.2496, indicating a relatively stable market. In contrast, the exchange rate over the last 90 days peaked at 3.3089 and dipped to a low of 3.2162, averaging 3.2774 and showing a total change of -2.48%.

Here's a quick summary of the exchange rate fluctuations over the past 30 and 90 days:

The Indian Rupee, or INR, is a currency that's widely traded and used. The value of one currency is expressed in terms of another, which is known as the exchange rate.

In the foreign exchange market, the bid price is the price that a buyer is willing to pay for a unit of currency. This is the price at which you can buy the Rupee.

The ask price, on the other hand, is the price that a seller is willing to accept for a unit of currency. This is the price at which you can sell the Rupee. The difference between the bid and ask price is called the bid-ask spread, which can vary depending on who you're dealing with.

The smallest unit of value in a bid-ask spread is called a pip, which is used to measure the difference between two currency quotes. For example, if the bid-ask spread for the Rupee is 1.2800/1.2803, it's 3 pips apart.

The currency pair is a quote of the relative value of one currency unit against another, and it's an important concept to understand when trading the Rupee. The first currency in a currency pair is called the base currency, while the second is called the quote currency.

The interbank rate is the wholesale exchange rate that banks use between themselves, and it's an important rate to keep in mind when trading the Rupee.

The Indian rupee's value can fluctuate significantly due to various factors. One key factor is inflation rates - a low inflation economy tends to see a rise in currency value as purchasing power increases.

Differences in interest rates can also impact the rupee's value. If India's interest rates are higher than other countries, it can attract foreign investment, increasing demand for the rupee.

Trade deficits, where India spends more than it earns through foreign trade, can lead to a depreciation of the rupee. This is because India requires more foreign currency than it receives.

Politics play a significant role in the rupee's value. A stable government with policies that promote foreign investment can make India a more attractive destination for foreign investors.

Economic performance is another crucial factor. A strong economy like India's, with a growing GDP and stable growth rate, can attract foreign capital, increasing the value of the rupee.

Here are some key factors that influence the rupee's value:

As we explore the world of rupees, it's essential to understand the fluctuations in the exchange rate. The INR to PKR exchange rate can vary significantly over time, making it crucial to stay informed.

One key aspect to consider is the 30-day performance of the exchange rate. In the last 30 days, the INR to PKR exchange rate saw a 30-day high of 3.2752 and a 30-day low of 3.2158, resulting in a 30-day average of 3.2493.

This volatility can be a concern for travelers or businesses that need to exchange currencies. A 30-day average change of -1.59% indicates a slight decrease in the value of the Indian Rupee against the Pakistan Rupee.

Let's break down the 30-day and 90-day performance of the INR to PKR exchange rate in a table:

The 90-day performance of the exchange rate shows a similar trend, with a 90-day high of 3.3070 and a 90-day low of 3.2158, resulting in a 90-day average of 3.2780 and a total change of -2.63%.