INTERBANK RATES IN PAKISTAN
20 Mar, 2018 06:59 PM: 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.
|Currency||Symbol||Buying TT Clean||Selling TT & OD||Buying OD/T.CHQ|
|Hong Kong Dollar||HKD||14.17||14.20||14.14|
|New Zealand Dollar||NZD||76.77||76.91||76.57|
Interbank Currency Exchange Rates In Pakistan
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.
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.
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 on Darsaal 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
Darsaal 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.
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 on Darsaal.
For smooth and efficient banking system, it is crucial to stay updated of Interbank Foreign Exchange Rates. Darsaal provides this important data to its users for both selling and buying currency rates.
Also, for subscribers, the daily updates are sent through Twitter SMS alerts service on cellphones to keep them updated anywhere anytime.
Disclaimer: All information on this page are taken from third party reliable sources just for general information for our users. Darsaal never endorse or recommend for any trading advice as well as accuracy of data provided here.