IQD to PKR — Iraqi Dinar to Rupee

Iraqi Dinar (IQD) to Pakistani Rupee today

Right now 1 IQD = Rs 0.21 at the interbank/market reference rate, updated hourly from a live exchange-rate feed. The IQD is a foreign currency. Use the converter above to turn any amount of Iraqi Dinar into rupees — or rupees back into IQD.

Interbank vs open-market rate

The interbank rate (Rs 0.21) is the wholesale rate at which banks trade IQD. The open-market rate — what a money changer or currency dealer in the bazaar quotes you — is usually a little higher because it includes their buying/selling margin. As a rough guide it runs around Rs 0.2 for IQD, but the exact figure changes through the day; always confirm the day's buying and selling rate with your dealer before exchanging.

What moves the IQD–rupee rate

Against every foreign currency, the rupee is driven by Pakistan's foreign-exchange reserves, the trade and current-account balance, remittances from overseas Pakistanis, IMF and other inflows, inflation and State Bank of Pakistan policy. When reserves fall or imports outpace exports, the rupee tends to weaken — so it takes more rupees to buy one IQD.

How to get the best IQD rate

Compare the buying/selling spread at two or three dealers, avoid airport and hotel counters (worst rates), watch the trend before a large exchange, and for transfers factor in the fee — a "zero-fee" service with a poor rate can cost more than a small flat fee at a good rate. For amounts above a few hundred IQD, even a rupee of difference per unit adds up.

Is this rate accurate?

Yes — it is a live market reference refreshed hourly, and it is the same interbank rate quoted on financial dashboards. It is not the exact counter rate at any one money changer, which varies by dealer, location and the moment you transact. Treat the figure here as the benchmark and confirm the day's counter rate locally.