Today, on , the current exchange rate for 1 ZAR to PKR is in the interbank market, according to the State Bank of Pakistan.
The South African Rand (ZAR) to Pakistani Rupee (PKR) today shows how the two currencies are responding to the global and local market. The rate varies on a daily basis depending on forex trading, demand and economic changes experienced in the world.
In case you are following remittances, online trading or observing the forex market, this daily updated rate of ZAR to PKR.
ZAR to PKR Exchange Rate
ZAR to PKR Rate Today
| Currency | Rate |
|---|---|
| 1 ZAR | Loading… |
There have been noticeable changes in the Rand over the recent days as a result of world commodity prices and the economic future of South Africa. The domestic market conditions in Pakistan such as inflation and the demand of the US Dollar also have an influence on ZAR to PKR.
What Affects the Rand to Rupee Rate?
The ZAR to PKR rate mainly changes due to:
Global Commodity Trends
South Africa is a large producer of minerals. The changes in the prices of gold and metal have direct effect on the strength of ZAR.
Forex Market Sentiment
Both currencies spur changes in investor confidence and international trading patterns.
Pakistan’s Dollar Reserves
Increased or decreased USD reserves affect PKR, and it has an effect on cross currency exchanges such as ZAR/PKR.
Political & Economic Announcements
Both South Africa economic reports and monetary decisions by Pakistan are examples of events which affect the daily rates.
Is ZAR Expected to Rise Against PKR?
The Rand tends to respond to risk perception. ZAR tends to improve when there is a stabilization of the global markets. The performance of PKR is pegged on the import bill of Pakistan, interest rates, and the developments of IMF. It is important to keep up with the day to day activities as short-term movements.
FAQs
Q1: How much is 1 ZAR to PKR today?
As of today, 1 ZAR = PKR in the open market (subject to change).
Q2: What is the ZAR to PKR open market rate today?
The current ZAR to PKR open market rate is approximately PKR for selling.
Q3: How much is 50 ZAR in PKR?
50 ZAR equals approximately PKR today.
Q4: How much is 100 ZAR in PKR?
100 ZAR equals approximately PKR today.
