As of August 25, 2023, the current exchange rate between the Omani Rial (OMR) and the Pakistani Rupee (PKR) stands at Rs. 780.82. The determination of this rate is carried out by the State Bank of Pakistan and it signifies the interbank exchange rate at the beginning of the business day. It is important to acknowledge that this rate is susceptible to fluctuations over the course of the day as a result of multiple factors.
At the end of the business day, the State Bank of Pakistan (SBP) will provide the final interbank exchange rate between the Omani Rial (OMR) and the Pakistani Rupee (PKR). Therefore, it is recommended to check the website at a later point in time in order to get the updated closing exchange rate for the Omani Rial (OMR) to the Pakistani Rupee (PKR).
It is imperative to acknowledge that the remittances received in Pakistan and the conversions from Omani Rial (OMR) to Pakistani Rupee (PKR) are determined by the interbank rate. In contrast, when consumers engage in the conversion of Pakistani Rupees (PKR) to Omani Rials (OMR), they are provided with the prevailing open market exchange rate.
As of the initiation of the business day on August 25, 2023, the prevailing exchange rate between the Omani Rial (OMR) and the Pakistani Rupee (PKR) is recorded at Rs. 780.82. However, the aforementioned post will be enhanced with the final exchange rate between the Omani Rial (OMR) and the Pakistani Rupee (PKR) in the interbank market on the current day, precisely after the end of the official business hours, as per the State Bank of Pakistan (SBP).
It is noteworthy to acknowledge that the anticipated open market rate for the Omani Rial (OMR) to Pakistani Rupee (PKR) is projected to exhibit a marginal increase compared to the interbank rate. Hence, it is advisable to ascertain the prevailing rates by consulting your bank, the nearest foreign exchange company, or a reputable dealer before engaging in any transactions or investment decisions.
Closing Interbank Rate
Furthermore, the following table illustrates the interbank exchange rate between the Omani Rial and the Pakistani Rupee (PKR) in Pakistan on the 25th of August, 2023. The provided information is regularly updated at the close of the business day. In addition, the table also presents the values of appreciation and depreciation (in PKR) in relation to the previous day.
| DATE | EXCHANGE RATE (PKR) | CHANGE (PKR) |
|---|---|---|
| 25 August 2023 | Rs. 780.82 | – |
| 24 August 2023 | Rs. 780.82 |