As of November 20, 2023, the exchange rate for Canadian Dollars to Pakistani Rupees (CAD to PKR) stands at 1 CAD = 208.67 PKR. In simple terms, for every Canadian Dollar you have, you can get 208.67 Pakistani Rupees in exchange.
It means that CAD to PKR rate has increased by Rs. 0.61 compared to the previous working day. On the other hand, the open market rates are slightly higher.
A few real-world factors can influence how this exchange rate moves:
- Interest Rates: Imagine interest rates as the fuel for exchange rate changes. When Canada’s interest rates are higher than Pakistan’s, people want more Canadian Dollars, which tends to drive up the CAD to PKR rate.
- Inflation: If inflation is racing ahead in Canada compared to Pakistan, the Canadian Dollar’s value can take a hit when compared to the Pakistani Rupee. This can result in a lower CAD to PKR exchange rate.
- Economic Growth: The health of each country’s economy also plays a role. If Canada’s economy is booming while Pakistan’s lags behind, folks will want more Canadian Dollars, pushing the CAD to PKR rate higher.
- Political Stability: Politics matter too. If Canada experiences political instability, investors may think twice about Canadian assets, leading to a drop in the CAD to PKR rate.
How can you get the best CAD to PKR rate?
Before exchanging your money at any forex dealer, compare rates from different exchange companies to get the best possible deal.
Rates for Last 7 Business Days
|20 November 2023||208.67|
|17 November 2023||208.06|
|16 November 2023||209.74|
|15 November 2023||210.54|
|14 November 2023||208.40|
|13 November 2023||208.21|
|10 November 2023||207.83|
|8 November 2023||208.18|
Read more: Interbank Currency Rates – Daily Updates.