About converting Canadian dollar to Pakistani rupee
Canada has a growing Pakistani community in Toronto, Mississauga, Calgary and Vancouver. Families send Canadian dollars home, and students and immigrants work out settlement funds and fees in the other direction.
The Canadian dollar floats and tends to move with oil prices and with the US dollar. Its rupee rate is a cross rate: Canadian dollar to euro to rupee.
Banks and exchange companies add a margin to the mid-market rate shown here, and some charge a fixed fee as well. Compare the final amount received, not just the headline rate.
How the CAD to PKR rate is worked out
Rates are stored per euro, so every pair is a cross rate through the euro, and the inverse is 1 divided by the rate. Major currencies use the European Central Bank’s euro reference rates; others, such as the Pakistani rupee and Gulf currencies, use the open-source currency-api feed, linked through the US dollar. The working box under the result shows the sum with today’s numbers.
The rate is a mid-market reference for information only. For a transfer, compare the amount the recipient receives with two or three providers. For any other pair, use the full currency converter.