According to the State Bank of Pakistan (SBP), the opening rate of the interbank market in Pakistan today, on 4 September 2023, for the conversion of British Pound (GBP) to Pakistani Rupee (PKR) is Rs. 387.42.
The exchange rate between the Great Britain Pound (GBP) or British Pound and the Pakistani Rupee (PKR) is subject to constant fluctuations, which are determined by the dynamics of supply and demand for foreign currency within the local market.
The State Bank of Pakistan (SBP) furnishes the daily closing interbank rate for the exchange of British Pound (GBP) to Pakistani Rupee (PKR) at the conclusion of each working day from Monday to Friday. Hence, it is advisable to revisit the currency rate after the conclusion of the business day for the most up-to-date information.
In contrast, it is commonly observed that the exchange rate between the British Pound (GBP) and the Pakistani Rupee (PKR) in the informal market tends to be marginally higher than the interbank rate offered by financial institutions and foreign exchange entities when acquiring foreign currency from clientele.
Additionally, it is worth noting that all remittances received by clients’ bank accounts are credited based on the interbank rates supplied by the State Bank of Pakistan (SBP).
On 4 September 2023, at the commencement of the business day, the exchange rate between the British Pound (GBP) and the Pakistani Rupee (PKR) stood at Rs. 387.42. It is anticipated that this rate would see fluctuations during the course of the day. The closing exchange rate for the British Pound to PKR will be updated at the conclusion of the business day.
Furthermore, the closing interbank rate of the British Pound to Pakistani Rupee (GBP to PKR) in Pakistan on 4 September 2023 may be observed in the following table. This information is updated at the conclusion of the business day.
Furthermore, the data also includes the valuation change (in Pakistani Rupees) relative to the preceding day.
GBP to PKR Exchange Rate in Pakistan Today
|Date||Exchange Rate||Change (PKR)|
|4 September 2023||Rs. 387.42||–|
|1 September 2023||Rs. 387.42|