The exchange rate between the Iranian Rial (IRR) and the Pakistani Rupee (PKR) is an interesting topic for traders, travelers, and regional businesses. As of today, 1 Iranian Rial equals 0.0067 Pakistani Rupees. This means the Iranian currency has a much lower value compared to the Pakistani Rupee. Exchange rates like this are affected by inflation, trade sanctions, and global market trends.
Current Exchange Situation
The Iranian Rial has faced robust strain through the years due to global sanctions, excessive inflation, and restricted get admission to to global change systems. The Pakistani Rupee, whilst additionally suffering from inflation and financial demanding situations, stays stronger in contrast.
Both nations percentage a border and feature a record of change, especially in oil, food products, and small-scale enterprise goods. However, due to Iran’s restricted global banking system, maximum transactions are performed through unofficial exchange markets or barter change systems.
Here’s a simple conversion table based on today’s exchange rate:
| Iranian Rial (IRR) | Pakistani Rupee (PKR) |
|---|---|
| 1 IRR | 0.0067 PKR |
| 10 IRR | 0.067 PKR |
| 100 IRR | 0.67 PKR |
| 1,000 IRR | 6.70 PKR |
| 10,000 IRR | 67.00 PKR |
| 100,000 IRR | 670.00 PKR |
(Note: Rates may vary slightly depending on market conditions or exchange services.)
Why the Exchange Rate Matters
The exchange rate between the Rial and Rupee is important for border trade, tourism, and regional cooperation. Pakistani traders importing oil, fruits, or construction materials from Iran often monitor this rate to manage costs. Similarly, Iranian traders exporting goods to Pakistan keep an eye on the Rupee strength to maximize profits.
However, due to limited official trade channels, most small traders depend on informal exchange systems that use current market rates.
How to Check Daily Rates
Exchange rates can change frequently. For the most accurate and updated information, it’s best to check:
- Currency converter platforms
- Official financial news outlets
- Licensed money exchange companies
Conclusion
Currently, 1 IRR = 0.0067 PKR, showing that the Pakistani Rupee is a good deal stronger than the Iranian Rial. Despite this distinction, both nations continue restrained alternate and hold financial connections. Monitoring each day forex updates enables investors and vacationers make smarter economic decisions.
