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base info Tether USDt

Tether USDt to Pakistani Rupee Converter and calculator

Convert 1Tether USDt (USDT) to Pakistani Rupee (PKR) equals ₨ 277.62 | 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 Tether USDt currency pair is the USDT to PKR, with for Tether USDt's currency code being USDT. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for PKR.

USDT to PKR conversion rate trend

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In the past 1D, Tether USDt has changed +0.04% to PKR. Based on the trend and price charts, Tether USDt(USDT) has changed +0.04% to PKR while Pakistani Rupee(PKR) has changed % to USDT in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
₨277.62
0.0001% / 0.0004%vip-iconVIP
Last updated 2024/04/15 05:43:12(UTC+0)

What factors influence the conversion rate of Tether USDt to Pakistani Rupee?

Tether USDt to Pakistani Rupee is rising this week.
Tether USDt's current market price is ₨ 277.62 per USDT, with a total market cap of ₨ 29,907,400,638,490.05 PKR based on a circulating supply of 107,728,050,000 USDT. The trading volume of Tether USDt has changed by -33.10% (₨ -11,696,342,351,333.15 PKR) in the last 24 hours. Last trading day, USDT's trading volume was ₨ 35,337,022,276,334.77.
Market cap
$107.80B
24h volume
$85.21B
Circulating supply
107.73B USDT

Conversion tables

The exchange rate of Tether USDt is increasing.
1 USDT is currently valued at ₨ 277.62 PKR , which means buying 5 USDT will cost ₨ 1,388.1 PKR . Similarly, ₨1 PKR can be traded for 0.003602 USDT, and ₨50 PKR can be converted to 0.1801 USDT, excluding any platform or gas fees.
The exchange rate of 1 USDT to Pakistani Rupee has changed by +0.07% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.04%, reaching a high of 277.9 PKR and a low of 277.3 PKR . One month ago, the value of 1 USDT was ₨ 277.36 PKR , which represents a +0.09% change from its current value. Over the last year, Tether USDt has changed by
+
0.001888PKR
, resulting in a change of +0.00% in its value.

USDT to PKR

Amount
05:43 am today
0.5 USDT
138.81
1 USDT
277.62
5 USDT
1,388.1
10 USDT
2,776.19
50 USDT
13,880.97
100 USDT
27,761.94
500 USDT
138,809.72
1000 USDT
277,619.43

PKR to USDT

Amount05:43 am today
0.5PKR0.001801  USDT
1PKR0.003602  USDT
5PKR0.01801  USDT
10PKR0.03602  USDT
50PKR0.1801  USDT
100PKR0.3602  USDT
500PKR1.8  USDT
1000PKR3.6  USDT
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Today vs. 24 hours ago

Amount05:43 am today24 hours ago24h change
0.5 USDT$0.5003$0.5001
+0.04%
1 USDT$1$1
+0.04%
5 USDT$5$5
+0.04%
10 USDT$10.01$10
+0.04%
50 USDT$50.03$50.01
+0.04%
100 USDT$100.07$100.03
+0.04%
500 USDT$500.34$500.14
+0.04%
1000 USDT$1,000.68$1,000.28
+0.04%

Today vs. 1 month ago

Amount05:43 am today1 month ago1M change
0.5 USDT$0.5003$0.4999
+0.09%
1 USDT$1$0.9998
+0.09%
5 USDT$5$5
+0.09%
10 USDT$10.01$10
+0.09%
50 USDT$50.03$49.99
+0.09%
100 USDT$100.07$99.98
+0.09%
500 USDT$500.34$499.88
+0.09%
1000 USDT$1,000.68$999.75
+0.09%

Today vs. 1 year ago

Amount05:43 am today1 year ago1Y change
0.5 USDT$0.5003$0.5003
+0.00%
1 USDT$1$1
+0.00%
5 USDT$5$5
+0.00%
10 USDT$10.01$10.01
+0.00%
50 USDT$50.03$50.03
+0.00%
100 USDT$100.07$100.07
+0.00%
500 USDT$500.34$500.33
+0.00%
1000 USDT$1,000.68$1,000.67
+0.00%

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.