The Kuwaiti Dinar to Pakistani Rupee exchange rate is a critical factor for those involved in international trade, remittances, or foreign investments. As of the 2nd of November, 2023, the interbank exchange rate for 1 Kuwaiti Dinar (KWD) in Pakistan is approximately equal to 913.62 Pakistani Rupees (PKR).
It’s important to note that the initial rate provided at the beginning of the business day is subject to fluctuations. The closing interbank exchange rate, which is often used as a reference, will be determined and provided by the State Bank of Pakistan (SBP) at the end of the business day. Therefore, for the most accurate and up-to-date rate, it’s advisable to check again at the close of the business day.
Understanding the difference between interbank and open market rates is essential. Typically, interbank rates tend to be more favorable compared to open market rates offered by banks and foreign exchange companies throughout Pakistan. While interbank rates serve as a benchmark for businesses and financial institutions, they are generally not made available to individual customers for currency exchange.
For those who receive remittances from abroad, understanding the interbank rates is crucial. When remittances are credited to customers’ accounts, they are often based on these interbank rates. In contrast, banks and forex companies may offer foreign currencies at open market rates, which can be less favorable.
On the 2nd of November, 2023, the initial Kuwaiti Dinar (KWD) to Pakistani Rupee (PKR) exchange rate is 913.62 PKR. However, it’s important to bear in mind that this rate can change during the course of the day due to various market forces, economic indicators, and geopolitical events.
To gain a comprehensive understanding of the day’s financial landscape, keeping an eye on the closing interbank exchange rate for Kuwaiti Dinar to PKR is recommended. The State Bank of Pakistan will provide this rate at the close of the business day.
The following table will display the closing interbank exchange rate for Kuwaiti Dinar to Pakistani Rupee on the 2nd of November, 2023. It will be updated at the end of the business day. In addition to the closing rate, the table will include the rates from the previous day, enabling you to observe any appreciation or depreciation in the value of the Kuwaiti Dinar in relation to the Pakistani Rupee.
Closing Exchange Rate Table:
Date: 2nd November 2023
Kuwaiti Dinar (KWD) to Pakistani Rupee (PKR) Exchange Rate
Time of Day Exchange Rate (KWD to PKR)
Opening Rate 913.62 PKR
Closing Rate To be updated
Previous Day Rate
It’s worth noting that the exchange rate between Kuwaiti Dinar and Pakistani Rupee can be influenced by various factors such as economic conditions, geopolitical events, interest rates, and market sentiment. Therefore, these rates are subject to change and it’s important to stay informed if you are involved in any financial transactions related to these currencies.