Google slashes gulf exchange rates in half

February 04, 2025 (MLN): Google's currency converter seems to have "missed the mark" as it is incorrectly displaying the exchange rate for the UAE Dirham (AED), Saudi Riyal (SAR), and Qatari Riyal (QAR) against the Pakistani Rupee (PKR).

While the actual market rate hovers around 76.50PKR per AED, 74.75 PKR for SAR, and 77.09 PKR for QAR, Google shows a baffling 38.36 PKR for AED, 37.56 PKR for SAR and 38.66 PKR for QAR, causing confusion among traders, businesses, and overseas Pakistanis.

The incorrect rate on Google has confused, especially those involved in remittances and foreign exchange transactions.

Many individuals relying on Google’s search results for real-time currency rates have expressed frustration over the misleading information.

In addition to the Gulf currencies, there have been reports of Google’s converter showing a dramatically low rate for the US Dollar as well. In one instance, the USD to PKR rate was shown at 140.89 PKR, a figure far below the official rate (which currently stands in the high 277s PKR).

The disparity between the interbank and open market rates often exists, but such a vast difference raises questions about data accuracy.

Copyright Mettis Link News