41.. FQinuaandcriaatliAc rEitqhumaettiiocns                                     eeLleeaarrnn..pPuunnjjaabb

4.2.3.4	 Convert Pakistani Currency to well-known internationalcurrencies

	 Currency conversion rates are not permanent but these change day by day. We use
these currency rates to convert Pakistani currency to different international currencies.
(rate of US $ is equal to Rs. 99.80)

Example 1:	 Mr. Saud wants to exchange Pakistani Rupees (PKR). 50,000 to US dollars.
How many US Dollars will he receive? (Rate of US $ = Rs 99.80)

Solution:

		 Amount to be converted = Rs. 50,000

		 Rate of one US Dollar = Rs. 99.80

		                                                  50,000

		         Number of US Dollars = 99.80 = US $ 501.0

Example 2:	 Convert Rs. 75,810 into UK£. (1 UK Pound = Rs. 168.50)

Solution:
		 Amount to be converted = Rs. 75810
		 Rate of 1 UK £ = Rs.l 68.50

		                                   75810
           Number of UK £ = 168.50 = UK£ 449.91

           Table below shows current exchange rates of some currencies.

		

           Country Currency Symbol Buying (PKR) Selling (PKR)

           US Dollar ($) USD                                    99.80   99.05

           UK Pound (£) GBP                                     168.50  168.75

           Saudi Riyal (SR) SAR                                 26.85   27.10

           Indian                            Rupee  INR         1.60    1.65

				

                                                                                version: 1.1

                                                            17