Newslink Currency Converter is Pakistan’s most used currency calculator, which helps you to find the fluctuation in currencies and give better guideline about should you start trading or wait for a change in trend. Currency Converter is a tool that is built to convert one currency into another to check it’s corresponding value against that currency, This tool updates value at every hour to give best user experience to its users.

A country can avoid inflation if it fixes its currency to a popular one like the U.S. dollar or euro. A fixed exchange rate is when a country ties the value of its currency to some other widely-used commodity or currency. The dollar is used for most transactions in international trade. Today, most fixed exchange rates are pegged to the U.S. dollar. Countries also fix their currencies to that of their most frequent trading partners. A fixed exchange rate tells you that you can always exchange your money for the same amount of the other currency. It allows you to determine how much of one currency you can trade for another. For example, if you go to Saudi Arabia, you know the dollar will buy you 3.75 Saudi riyal since the dollar's exchange rate in riyals is fixed. Saudi Arabia did that because its primary export, oil, is priced in U.S. dollars. All oil contracts and most commodities contracts around the world are written and executed in dollars. Likewise, Chinese yuan, Bahrain Dollar, Hong Kong Dollar, Omani Riyal and Arab Emirates Dirham are the fixed currencies it means they change less frequently with respect to dollars, 3.66 Emirates dirham will always equal to 1 united states dollar and 6.97 Chinese will be equals to 1 United State Dollars. Now their governments are slightly moving towards flexible exchange rates. Fixed exchange rates also provide stability. Investors will always be known about the worth of currency.

Europeans (both individuals and corporations) would likely expand their investment in the U.S. based on these assumptions. They would also be better suited to make acquisitions of U.S.-based businesses or real estate. For example, when the Japanese yen traded at record highs against the United States Dollar back in the 1980s, Japanese firms made significant purchases of real estate – including the world-renowned Rockefeller Center. Conversely, U.S. corporations would be less apt to acquire a European company or European real estate if $1 converted to 0.70 euros. These were all expected to lift the growth rate, at least in the short term. Macroeconomic strength means interest rates likely to rise to head off domestic inflation. Rising domestic interest rates mean better returns which means more demand from abroad. The result? The exchange rate goes up.

First, expectations of national economic weakness are Think of things like war, or a natural catastrophe, or some other radical change of circumstances with economic implications. A good example is the impact of the Brexit referendum on sterling. So what’s going on? Bad macroeconomic news implies lower economic activity and less inward investment from abroad due to lower returns. That makes investing money in a currency less attractive to external investors, so there’s less demand for a currency from abroad. The result? The exchange rate goes down.

But it’s important to remember that the value of a currency is a relative measure. A nation’s currency is always valued in a foreign currency. So sterling is measured in dollars or Euro or yen or rand. If the value of another country’s currency rises that means yours can fall, even if nothing has really changed about the economic outlook for your country. When the dollar rises against the British Pound it can be because the US economy is doing well. It doesn’t necessarily mean the outlook for the UK economy has got any worse

And a final word of caution. Don’t make the mistake of believing that currency moves are always based on rational and careful assessments by currency traders and investors of underlying economic conditions. In the short term – and possibly even the long term – there is a very large dose of knee-jerk sentiment, herding and, sometimes, blind panic involved.

Chinese Yuan to Pakistani Rupee                      British Pound to Pakistani Rupee   

Canadian Dollar to Pakistani Rupee                 UAE Dirham to Pakistani Rupee