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base info Arbitrum

Arbitrum to Pakistani Rupee Converter and calculator

Convert 1Arbitrum (ARB) to Pakistani Rupee (PKR) equals ₨ 315.37 | Bitget

PKR information

About the Pakistani Rupee (PKR)

What Is the Pakistani Rupee (PKR)?

The Pakistani Rupee, with the ISO code PKR, is the official currency of the Islamic Republic of Pakistan. It was officially adopted in 1949, taking over from the Indian Rupee post-partition. The currency is symbolized as Rs and is subdivided into 100 paise, although paise coins are no longer in active circulation. The Pakistani Rupee is the sole legal tender in Pakistan, and it is used for all transactions within the country.

The Pakistani Rupee is issued by the State Bank of Pakistan, which is the central bank of the country. The State Bank of Pakistan is responsible for the regulation and control of the currency, including its issuance, distribution, and monetary policy management. This role includes ensuring the stability of the currency, managing Pakistan's foreign exchange reserves, and overseeing the country's banking system

What Is the History of PKR?

The term "Rupee" is derived from the Sanskrit word "Rūpya," meaning a coin of silver. The Pakistani Rupee has its roots in the currency introduced by Sher Shah Suri in the 16th century. It was officially adopted in 1949, following the partition of British India and the creation of Pakistan. Before this, the currency in circulation was the Indian Rupee, issued and controlled by the Reserve Bank of India.

Notes and Coins of PKR

The first coins in Pakistan were introduced in 1948 in various denominations, ranging from 1 pice to 1 rupee. Over the years, the coinage has evolved, with the latest additions being the Rs. 5 and Rs. 10 coins. Banknotes have also seen significant changes, with the current series featuring denominations from Rs. 5 to Rs. 5,000. These notes are distinct in their color and size, with larger denominations being longer. All banknotes feature a portrait of Muhammad Ali Jinnah on the obverse.

Economic Significance and Exchange Rate

The Pakistani Rupee is a fiat currency, meaning its value isn't backed by physical commodities but by the government's declaration. Historically, the rupee was pegged to the British pound and later operated under a managed float system. This shift led to significant devaluation in the 1980s, impacting the import of raw materials and the broader economy.

In recent years, the PKR has faced challenges, including a sharp devaluation in 2021 due to political instability and economic pressures. However, as of late 2023, it has shown signs of recovery, becoming one of the best-performing currencies against the US dollar.

Do Pakistan and India use the same currency?

No, Pakistan and India do not use the same currency. Pakistan uses the Pakistani Rupee (PKR), while India uses the Indian Rupee (INR). Although both currencies share a common historical origin and are both named "rupee," they are distinct and separate currencies managed by their respective countries. The Pakistani Rupee is managed by the State Bank of Pakistan, and the Indian Rupee is managed by the Reserve Bank of India. The two currencies have different values and are not interchangeable.

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Bitget crypto-to-fiat exchange data shows that the most popular Arbitrum currency pair is the ARB to PKR, with for Arbitrum's currency code being ARB. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for PKR.

ARB to PKR conversion rate trend

1D7D1M3M1YAll
In the past 1D, Arbitrum has changed -2.26% to PKR. Based on the trend and price charts, Arbitrum(ARB) has changed -2.26% to PKR while Pakistani Rupee(PKR) has changed % to ARB in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
₨314.82
0.0001% / 0.0004%vip-iconVIP
Binance
₨315.1
0.1000% / 0.1000%
Yes
OKX
₨315.05
0.080% / 0.100%
Yes
Huobi
₨314.77
0.1000% / 0.1000%
Yes
Gate.io
₨314.85
0.1000% / 0.1000%
Yes
Bybit
₨314.71
0.1000% / 0.1000%
Yes
KuCoin
₨314.16
0.1000% / 0.1000%
Yes
Bitfinex
₨314.88
0.1000% / 0.1000%
Yes
Last updated 2024/04/16 01:00:30(UTC+0)

What factors influence the conversion rate of Arbitrum to Pakistani Rupee?

Arbitrum to Pakistani Rupee is falling this week.
Arbitrum's current market price is ₨ 315.37 per ARB, with a total market cap of ₨ 836,960,282,243.91 PKR based on a circulating supply of 2,653,939,500 ARB. The trading volume of Arbitrum has changed by -19.63% (₨ -41,193,824,395.43 PKR) in the last 24 hours. Last trading day, ARB's trading volume was ₨ 209,809,688,321.86.
Market cap
$3.01B
24h volume
$606.50M
Circulating supply
2.65B ARB

Conversion tables

The exchange rate of Arbitrum is decreasing.
1 ARB is currently valued at ₨ 315.37 PKR , which means buying 5 ARB will cost ₨ 1,576.83 PKR . Similarly, ₨1 PKR can be traded for 0.003171 ARB, and ₨50 PKR can be converted to 0.1585 ARB, excluding any platform or gas fees.
The exchange rate of 1 ARB to Pakistani Rupee has changed by -27.83% in the last 7 days. In the last 24 hours, the rate has fluctuated by -2.26%, reaching a high of 351.92 PKR and a low of 312.54 PKR . One month ago, the value of 1 ARB was ₨ 486.77 PKR , which represents a -35.22% change from its current value. Over the last year, Arbitrum has changed by
-
142.19PKR
, resulting in a change of -31.08% in its value.

ARB to PKR

Amount
02:00 am today
0.5 ARB
157.68
1 ARB
315.37
5 ARB
1,576.83
10 ARB
3,153.65
50 ARB
15,768.26
100 ARB
31,536.53
500 ARB
157,682.64
1000 ARB
315,365.29

PKR to ARB

Amount02:00 am today
0.5PKR0.001585  ARB
1PKR0.003171  ARB
5PKR0.01585  ARB
10PKR0.03171  ARB
50PKR0.1585  ARB
100PKR0.3171  ARB
500PKR1.59  ARB
1000PKR3.17  ARB
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Today vs. 24 hours ago

Amount02:00 am today24 hours ago24h change
0.5 ARB$0.5672$0.5803
-2.26%
1 ARB$1.13$1.16
-2.26%
5 ARB$5.67$5.8
-2.26%
10 ARB$11.34$11.61
-2.26%
50 ARB$56.72$58.03
-2.26%
100 ARB$113.43$116.06
-2.26%
500 ARB$567.17$580.3
-2.26%
1000 ARB$1,134.34$1,160.6
-2.26%

Today vs. 1 month ago

Amount02:00 am today1 month ago1M change
0.5 ARB$0.5672$0.8754
-35.22%
1 ARB$1.13$1.75
-35.22%
5 ARB$5.67$8.75
-35.22%
10 ARB$11.34$17.51
-35.22%
50 ARB$56.72$87.54
-35.22%
100 ARB$113.43$175.09
-35.22%
500 ARB$567.17$875.43
-35.22%
1000 ARB$1,134.34$1,750.87
-35.22%

Today vs. 1 year ago

Amount02:00 am today1 year ago1Y change
0.5 ARB$0.5672$0.8229
-31.08%
1 ARB$1.13$1.65
-31.08%
5 ARB$5.67$8.23
-31.08%
10 ARB$11.34$16.46
-31.08%
50 ARB$56.72$82.29
-31.08%
100 ARB$113.43$164.58
-31.08%
500 ARB$567.17$822.89
-31.08%
1000 ARB$1,134.34$1,645.78
-31.08%

FAQ

This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.