After the launch of Pakistan Remittance Initiative (PRI) in 2009, remittance inflows in Pakistan have seen over 150 % boost. Pakistan received a whooping $ 20.10 billion which made him eighth largest remittance recipient of the world.
Remittances from Pakistanis overseas has played a very important role in nation’s economy. Most of it comes from oil rich arab countries, gulf countries, US, Australia and UK. PRI has encouraged legalized way of remittance through smooth and fast remittance inflow processes.
If you are looking for cost-effective way to transfer your hard-earned money to Pakistan, Exchange Rate IQ is there to help you. It is an innovative platform that lists all available options to send money to Pakistan so that you can compare them in terms of exchange rate, remittance fee, transfer time etc. You can also get an estimated value in Pakistani Rupee (PKR) for the amount being transferred. Exchange Rate IQ brings in much needed transparency in remittance w
Current Exchange Rate(Mid Market) :- 121.6499 PKR/USD
is a currency exchange rate. Usually traders in currency exchange market have two exchange rates -
- Selling exchange rate - at which sellers are willing to sell a particular currency and
- Buying exchange rate - at which buyers are willing to buy a particular currency.
Mid-market rate is the mid-point of these two rates. This is the most transparent and the most accurate exchange rate. It is also known as “Interbank Rate” or “Spot Rate” or “Real Exchange Rate”. This is the rate which independent sources like Reuter, Google etc show.