Inter Bank Rates also known as the interbank exchange rate or simply the interbank rate, refers to the interest rate at which banks lend to and borrow from one another in the financial markets. This rate serves as a benchmark for a wide range of financial transactions and influences the overall cost of borrowing in the economy.
Inter Bank Rates
As per Open Market as on Wednesday. Dec 14 2023 , 9:30 PST (GMT +5)
| Sr. | Countries | Symbol | Currency | Bank Buying (TT Clean) | Bank Selling (TT & OD) |
| 1 | Australian | AUD | Dollar | 185.32 | 185.82 |
| 2 | Canadian | CAD | Dollar | 208.05 | 208.55 |
| 3 | China | CNY | Yuan | 39.38 | 39.48 |
| 4 | Danish | DKK | Krone | 40.92 | 41.02 |
| 5 | Euro | EUR | Euro | 305.25 | 305.85 |
| 6 | Hong Kong | HKD | Dollar | 36.25 | 36.35 |
| 7 | Japanese | JPY | Yen | 1.91 | 1.94 |
| 8 | Saudi | SAR | Riyal | 75.46 | 75.61 |
| 9 | Singapore | SGD | Dollar | 210.46 | 210.96 |
| 10 | Swedish | SEK | Korona | 27.02 | 27.12 |
| 11 | Swiss | CHF | Franc | 323.29 | 323.89 |
| 12 | Thai | THB | Bhat | 7.88 | 7.92 |
| 13 | U.A.E | AED | Dirham | 77.08 | 77.23 |
| 14 | UK Pound | GBP | Sterling | 354.40 | 355.05 |
| 15 | US | USD | Dollar | 283.11 | 283.61 |
Inter Bank Rates on AsaanTax.pk:
- Definition and Explanation:
- The section would likely provide an explanation of what interbank rates are. This could include details about how these rates are determined, their significance in financial markets, and how they impact various financial transactions.
- Live Interbank Rates:
- The website may display live or regularly updated interbank rates for different currencies. Users could explore rates for major currency pairs and get real-time data reflecting the rates at which banks trade with each other.
- Comparison with Other Rates:
- There might be a comparison with other types of rates, such as open market rates or official central bank rates. This helps users understand the variations in rates across different markets.
- Historical Data:
- Some websites offer historical data, allowing users to track how interbank rates have changed over time. This can be valuable for users interested in market trends and analysis.
- Currency Converter Tool:
- To enhance user experience, there might be a currency converter tool allowing users to convert between different currencies using the latest interbank rates.
- Educational Content:
- The section might include educational content to help users understand the complexities of interbank rates, including factors influencing their fluctuations.
- Market Insights and Analysis:
- Some websites provide market insights, analysis, or commentary on factors affecting interbank rates. This can be beneficial for users looking for a deeper understanding of the financial landscape.
- Updates and Notifications:
- Users might have the option to subscribe to updates or notifications to receive alerts when there are significant changes in interbank rates.
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