PKR · PKR
Pakistani Rupee (PKR)
The Pakistani Rupee (PKR) is the official currency of Pakistan, issued by the State Bank of Pakistan. Learn about its history, denominations, and role in the economy.
Convert this currency
Converted amount
0.0036 USD
Exchange rate
1 PKR = 0.003603 USD
Updated
8/9/2026 12:00 AM
Source
ApiForex Managed Source 3
PKR · Pakistani Rupee
Pakistani Rupee (PKR): Overview and History
The Pakistani Rupee (PKR) is the official currency of the Islamic Republic of Pakistan. It is issued and regulated by the State Bank of Pakistan, the country's central bank. The rupee is subdivided into 100 paise, although paise coins are no longer in circulation due to inflation. The currency symbol is '₨' or 'Rs', and its ISO code is PKR.
The history of the Pakistani rupee dates back to 1947 when Pakistan gained independence from British rule. Initially, the country used the Indian rupee with an overprint, but in 1948, the State Bank of Pakistan issued its own currency. Over the decades, the rupee has undergone several changes in design and denominations, reflecting the nation's cultural heritage and political milestones. Banknotes are available in denominations of 10, 20, 50, 100, 500, 1000, and 5000 rupees, while coins are issued in 1, 2, 5, and 10 rupees.
The value of the Pakistani rupee is determined by market forces in a managed float system, with the central bank intervening to stabilize excessive fluctuations. The currency plays a vital role in the country's economy, facilitating trade, investment, and daily transactions. However, like many emerging market currencies, the PKR has faced periods of depreciation and volatility, influenced by factors such as political instability, fiscal deficits, and external debt. Understanding the PKR is essential for anyone engaging in financial activities within Pakistan or with Pakistani entities.
- Code
- PKR
- Symbol
- PKR
- Current rate
- USD / PKR
Currency information
Last updated · 8/7/2026
Introduced in 1948, replacing the Indian Rupee.
- Official name
- Pakistani Rupee
- Legal tender status
- Legal tender in Pakistan
- Decimal places
- 2
- Minor unit
- Paisa · 1 PKR = 100 Paisa
- Countries
- Pakistan
- Issuing authority
- State Bank of Pakistan
- Central bank
- State Bank of Pakistan · Official website
- Exchange-rate regime
- Managed float
Common banknotes
10 Rupees · 20 Rupees · 50 Rupees · 100 Rupees · 500 Rupees · 1000 Rupees · 5000 Rupees
Common coins
1 Rupee · 2 Rupees · 5 Rupees · 10 Rupees
Also known as
PKR · Rs · Pakistani Rupee · ₨
Practical notes
- The 5000 Rupee note is the highest denomination.
- Coins below 1 Rupee are rarely used.
Priority currency pairs
The most useful conversions for this currency.
Pakistani Rupee questions
What is the PKR exchange rate?
The displayed rate is the latest available reference rate for USD/PKR. It can change throughout the day.
How can I convert PKR online?
Use the converter above to calculate indicative amounts between PKR and the other supported currencies.