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base info Frax Price Index Share

Frax Price Index Share to Pakistani Rupee Converter and calculator

Convert 1Frax Price Index Share (FPIS) to Pakistani Rupee (PKR) equals ₨ 232.12 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Frax Price Index Share(FPIS) to Pakistani Rupee(PKR). This is the real-time data. The current conversion shows 1 FPIS at a value of 1 FPIS for 232.12 PKR . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

PKR information

About the Pakistani Rupee (PKR)

What Is the Pakistani Rupee (PKR)?

The Pakistani Rupee, with the ISO code PKR, is the official currency of the Islamic Republic of Pakistan. It was officially adopted in 1949, taking over from the Indian Rupee post-partition. The currency is symbolized as Rs and is subdivided into 100 paise, although paise coins are no longer in active circulation. The Pakistani Rupee is the sole legal tender in Pakistan, and it is used for all transactions within the country.

The Pakistani Rupee is issued by the State Bank of Pakistan, which is the central bank of the country. The State Bank of Pakistan is responsible for the regulation and control of the currency, including its issuance, distribution, and monetary policy management. This role includes ensuring the stability of the currency, managing Pakistan's foreign exchange reserves, and overseeing the country's banking system

What Is the History of PKR?

The term "Rupee" is derived from the Sanskrit word "Rūpya," meaning a coin of silver. The Pakistani Rupee has its roots in the currency introduced by Sher Shah Suri in the 16th century. It was officially adopted in 1949, following the partition of British India and the creation of Pakistan. Before this, the currency in circulation was the Indian Rupee, issued and controlled by the Reserve Bank of India.

Notes and Coins of PKR

The first coins in Pakistan were introduced in 1948 in various denominations, ranging from 1 pice to 1 rupee. Over the years, the coinage has evolved, with the latest additions being the Rs. 5 and Rs. 10 coins. Banknotes have also seen significant changes, with the current series featuring denominations from Rs. 5 to Rs. 5,000. These notes are distinct in their color and size, with larger denominations being longer. All banknotes feature a portrait of Muhammad Ali Jinnah on the obverse.

Economic Significance and Exchange Rate

The Pakistani Rupee is a fiat currency, meaning its value isn't backed by physical commodities but by the government's declaration. Historically, the rupee was pegged to the British pound and later operated under a managed float system. This shift led to significant devaluation in the 1980s, impacting the import of raw materials and the broader economy.

In recent years, the PKR has faced challenges, including a sharp devaluation in 2021 due to political instability and economic pressures. However, as of late 2023, it has shown signs of recovery, becoming one of the best-performing currencies against the US dollar.

Do Pakistan and India use the same currency?

No, Pakistan and India do not use the same currency. Pakistan uses the Pakistani Rupee (PKR), while India uses the Indian Rupee (INR). Although both currencies share a common historical origin and are both named "rupee," they are distinct and separate currencies managed by their respective countries. The Pakistani Rupee is managed by the State Bank of Pakistan, and the Indian Rupee is managed by the Reserve Bank of India. The two currencies have different values and are not interchangeable.

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Bitget crypto-to-fiat exchange data shows that the most popular Frax Price Index Share currency pair is the FPIS to PKR, with for Frax Price Index Share's currency code being FPIS. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for PKR.

FPIS to PKR conversion rate trend

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In the past 1D, Frax Price Index Share has changed -2.42% to PKR. Based on the trend and price charts, Frax Price Index Share(FPIS) has changed -2.42% to PKR while Pakistani Rupee(PKR) has changed % to FPIS in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
₨233.48
0.0200% / 0.0320%vip-iconVIP 7
Last updated 2024/12/24 08:32:38(UTC+0)

How to buy Frax Price Index Share

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Create Your Free Bitget Account
Sign up on Bitget with your email address/mobile phone number and create a strong password to secure your account.
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Verify Your Account
Verify your identity by entering your personal information and uploading a valid photo ID.
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Buy Frax Price Index Share (FPIS)
Use a variety of payment options to buy Frax Price Index Share on Bitget. We'll show you how.

Buy FPIS (or USDT) for PKR (Pakistani Rupee) offers

Bitget P2P trading does not currently support direct buying of FPIS with PKR. However, you can buy USDT in Bitget P2P trading first, and then buy FPIS with USDT via Bitget spot market.
Merchants (trades/completion rate)PriceAmount/limit
Low to high
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Sell FPIS (or USDT) for PKR (Pakistani Rupee) offers

Bitget P2P trading currently does not support direct selling of FPIS to PKR. However, you can first exchange FPIS for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
Merchants (trades/completion rate)PriceAmount/limit
High to low
Payment methods
Zero fees
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What factors influence the conversion rate of Frax Price Index Share to Pakistani Rupee?

Frax Price Index Share to Pakistani Rupee is rising this week.
Frax Price Index Share's current market price is ₨ 232.12 per FPIS, with a total market cap of ₨ 0 PKR based on a circulating supply of -- FPIS. The trading volume of Frax Price Index Share has changed by -93.28% (₨ -10,806,628.46 PKR) in the last 24 hours. Last trading day, FPIS's trading volume was ₨ 11,584,840.09.
Market cap
$0
24h volume
$2.79K
Circulating supply
0 FPIS

Conversion tables

The exchange rate of Frax Price Index Share is increasing.
1 FPIS is currently valued at ₨ 232.12 PKR , which means buying 5 FPIS will cost ₨ 1,160.6 PKR . Similarly, ₨1 PKR can be traded for 0.004308 FPIS, and ₨50 PKR can be converted to 0.2154 FPIS, excluding any platform or gas fees.
The exchange rate of 1 FPIS to Pakistani Rupee has changed by +8.55% in the last 7 days. In the last 24 hours, the rate has fluctuated by -2.42%, reaching a high of 238.78 PKR and a low of 232.12 PKR . One month ago, the value of 1 FPIS was ₨ 163.27 PKR , which represents a +42.17% change from its current value. Over the last year, Frax Price Index Share has changed by
-
137.39PKR
, resulting in a change of -37.18% in its value.

FPIS to PKR

Amount
12:36 today
0.5 FPIS
116.06
1 FPIS
232.12
5 FPIS
1,160.6
10 FPIS
2,321.2
50 FPIS
11,605.98
100 FPIS
23,211.95
500 FPIS
116,059.77
1000 FPIS
232,119.53

PKR to FPIS

Amount12:36 today
0.5PKR0.002154  FPIS
1PKR0.004308  FPIS
5PKR0.02154  FPIS
10PKR0.04308  FPIS
50PKR0.2154  FPIS
100PKR0.4308  FPIS
500PKR2.15  FPIS
1000PKR4.31  FPIS

Today vs. 24 hours ago

Amount12:36 today24 hours ago24h change
0.5 FPIS$0.4167$0.4270
-2.42%
1 FPIS$0.8333$0.8540
-2.42%
5 FPIS$4.17$4.27
-2.42%
10 FPIS$8.33$8.54
-2.42%
50 FPIS$41.67$42.7
-2.42%
100 FPIS$83.33$85.4
-2.42%
500 FPIS$416.66$427.01
-2.42%
1000 FPIS$833.31$854.01
-2.42%

Today vs. 1 month ago

Amount12:36 today1 month ago1M change
0.5 FPIS$0.4167$0.2931
+42.17%
1 FPIS$0.8333$0.5861
+42.17%
5 FPIS$4.17$2.93
+42.17%
10 FPIS$8.33$5.86
+42.17%
50 FPIS$41.67$29.31
+42.17%
100 FPIS$83.33$58.61
+42.17%
500 FPIS$416.66$293.07
+42.17%
1000 FPIS$833.31$586.14
+42.17%

Today vs. 1 year ago

Amount12:36 today1 year ago1Y change
0.5 FPIS$0.4167$0.6633
-37.18%
1 FPIS$0.8333$1.33
-37.18%
5 FPIS$4.17$6.63
-37.18%
10 FPIS$8.33$13.27
-37.18%
50 FPIS$41.67$66.33
-37.18%
100 FPIS$83.33$132.66
-37.18%
500 FPIS$416.66$663.28
-37.18%
1000 FPIS$833.31$1,326.56
-37.18%

Frax Price Index Share price prediction

What will the price of FPIS be in 2025?

Based on FPIS's historical price performance prediction model, the price of FPIS is projected to reach $0.7654 in 2025.

What will the price of FPIS be in 2030?

In 2030, the FPIS price is expected to change by -15.00%. By the end of 2030, the FPIS price is projected to reach $0.8545, with a cumulative ROI of +34.95%.

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FAQ

What is a cryptocurrency calculator?

A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.

How does a cryptocurrency calculator work?

A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between Frax Price Index Share and PKR.

How accurate is a cryptocurrency calculator?

Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as Frax Price Index Share and PKR. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.

Can I trust the results of a cryptocurrency calculator?

While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.

Can I use a cryptocurrency calculator for tax purposes?

Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.

Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?

If you want to know the value of Frax Price Index Share in PKR, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.
This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.