Real time Forex rates and market commentaries

One of the most unique features of Forexpk is the availability of the current currency rates to the users, which is not available anywhere on the web from Pakistan. These rates are provided through the courtesy of Khanani and Kalia International (Pvt) Ltd. which are updated round the clock, number of times a day, so that the purpose of providing the most updated information to the visitors can be justified. This section establishes a general perception that KKI provides the most current, authentic and genuine rates not only in the market but on the web as well. Likewise, inter bank rates are also available which are displayed in collaboration with various banks including UBL and HBZ mainly. The real time rates are followed by the market commentaries, which are compiled by our Research team on a daily basis and cover kerb, inter bank and international markets. These reports are written in a way so that the market activities of the whole day can be concluded and the visitors may identify the major causative factors of the ups and downs of the money market in Pakistan on a particular day.

Important: be aware of the risks

Finally, it cannot be stressed enough that trading foreign exchange on margin carries a high level of risk, and may not be suitable for everyone. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. Remember, you could sustain a loss of some or all of your initial investment, which means that you should not invest money that you cannot afford to lose. If you have any doubts, we recommend that you seek advice from an independent financial advisor.

Margin FX

If you are interested in foreign exchange margin trading, we suggest contacting CMC Markets for FX Contracts for Difference (CFDs).

FX CFD trading is the simultaneous buying of one currency and selling of another. FX CFDs are traded on margin, which means that you only allocate a small proportion of the value of the position but gain full exposure to the market - increasing your profit (and loss) potential.

CMC Markets offer tight dealing spreads over Spot and Forward FX CFDs.

Visit CMC Markets to find out more about their services or to open an account.

Open a CMC Markets account

OzForex does not provide any form of margin trading facilities and cannot offer any advice or information in relation to foreign exchange margin trading.


Disclosure of Referral Commission Payments: OzForex has a referral agreement with CMC pursuant to which OzForex is paid a referral fee by CMC in relation to clients referred by OzForex. The amount of the referral commission will depend on the type of contract entered into. In the case of a foreign exchange CFD, for example, if a client entered into an AUD/GBP spot transaction for AUD$100,000 OzForex would be paid a commission of GBP1.25. (ie: 100,000 * 0.25 pips = GBP 1.25).

Forex Quotes

Reading a foreign exchange quote is simple if you remember two things:
The first currency listed is the base currency
The value of the base currency is always 1. As the centerpiece of the forex market, the US dollar is usually considered the base currency for quotes. When the base currency is USD, think of the quote as telling you what a US dollar is worth in that other currency. When USD is the base currency and the quote goes up, that means USD has strengthened in value and the other currency has weakened. Rising quotes mean a US dollar can now buy more of the other currency than before. Majors not based on the US dollar The three exceptions to this rule are the British pound (GBP), the Australian dollar (AUD) and the Euro (EUR). For these pairs, where USD is not the base currency, a rising quote means the US dollar is weakening and buys less of the other currency than before. In other words, if a currency quote goes higher, the base currency is getting stronger. A lower quote means the base currency is weakening. Cross currencies Currency pairs that don't involve USD at all are called cross currencies, but the premise is the same. Bids, asks and the spread Just like other markets, forex quotes consist of two sides, the bid and the ask: The BID is the price at which you can SELL base currency.The ASK is the price at which you can BUY base currency. What's a pip? Forex prices are often so liquid, they're quoted in tiny increments called pips, or "percentage in point". A pip refers to the fourth decimal point out, or 1/100th of 1%. For Japanese yen, pips refer to the second decimal point. This is the only exception among the major currencies.