InterBank Rates In Pakistan

Today Interbank Exchange Rates - The interbank currency rates sorted by buying TT clean & selling TT & OD and Buying OD/T. CHQ exchange rates of all major currencies converted in Pakistani rupees (PKR). Current interbank currency exchange rates in Pakistan can be compared with the world exchange rates like: USD $ Dollar Rates, (Riyal – SAR) Saudi Riyal Rates, (€ -EUR) Euro Rates, (£-GBP) British Pound Rates, (AED) UAE Dirham Rates, and (CNY) Chinese Yuan Rates in Pakistan.

Updated : 22 Sep, 2019

For the smooth banking system, banks need to borrow or lend money to one another via Interbank Rates. It helps to meet the liquidity shortages and to fulfill the reserve requirements posed by regulatory authorities. Darsaal provides Interbank Rate Live to its users to stay updated.

What is Interbank Rate?

The interest rate charged on the short term loans borrowed by banks is called as Interbank Rate. To maintain the liquidity and necessary asset in hand, borrowing and lending take place between banks in the interbank market on the basis of Forex Interbank Rate.

How InterBank Rates Changes?

interbank rate can fluctuate due to number of factors:

  • Government debts
  • Trade deficit
  • Supply and demand of currency
  • Inflation rate
  • Political and economic stability

KIBOR (Karachi interbank offer rate) is used in Pakistan as interbank rate. KIBOR is based on interest rate at which banks offer to lend unsecured funds to other banks in the Karachi wholesale (interbank) money market.

What is Interbank Rates Live?

Banks can make some money if they have some amount of extra cash in hand by lending it to other banks. Interbank Currency Rates in Pakistan are maintained by the government institutions and leading Pakistani banks, including National Bank of Pakistan and State Bank of Pakistan.

How We Can Convert Currency to InterBank Rates in Pakistan?

For brokers and local banks, it is important to know Interbank Rate Pakistan. Start getting updates on interbank currency rates in Pakistan in comparison with the world rates for example:

  • Interbank Rate of USD
  • Interbank Currency Exchange Rate of Euro
  • Interbank Currency Exchange Rate of Japanese Yen
  • Interbank Currency Exchange Rate of Singapore Dollar
  • Interbank Currency Exchange Rate of Saudi Riyal
  • Interbank Currency Exchange Rate of Qatari Riyal
  • Interbank Currency Exchange Rate of UAE Dirham
  • Interbank Currency Exchange Rate of Canadian Dollar
  • Interbank Currency Exchange Rate of UK Pound
  • Interbank Currency Exchange Rate of Swedish Korona

We provides updated Interbank Rate State Bank of Pakistan of most of the currencies i.e., Open Market Dollar Rate in Pakistan, the open market euro rate in Pakistan etc.

What is difference between interbank rate and open market rate?

The rate that is used by banks and financial institutions when they swap one currency into another currency is called as interbank rate. While open market rate is the interest rate that is paid on traded debt security in the open market.

What is difference between foreign exchange rate and interbank rate?

The rate that is used by banks and financial institutions when they swap one currency into another currency is called as interbank rate. When the exchange rate is determined by demand and supply of other different currencies in the foreign exchange market, it is known as foreign exchange rate.

Are interbank rate and real exchange rate same thing?

Yes, both interbank rate and real exchange rate are same thing because both consist of interest rate of traded currencies from banks or financial institutions when one currency is swapped into another.

What is Interbank Lending Market?

Interbank Forex Rates or interbank lending between banks nationally or internationally is important for financial stability.

It mitigates the liquidity risk and provides a funding source for efficient banking. Interbank market is governed by the leading banks of the world.

Market conditions, credit rating, and maturity are the main factors deciding the interbank exchange rate. One can view the live interbank exchange rates here.

For smooth and efficient banking system, it is crucial to stay updated of Interbank Foreign Exchange Rates. We provide this important data to its users for both selling and buying currency rates.

Also, for subscribers, the daily updates are sent through Twitter and SMS alerts service on cellphones to keep them updated anywhere anytime.

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