On the present day of 29 August 2023, The current exchange rate between the United States Dollar (USD) and the Pakistani Rupee (PKR) stands at Rs 303.54. The closing exchange rate at the conclusion of the business day was supplied by the State Bank of Pakistan (SBP).
The interbank closing rate for the exchange of the United States Dollar (USD) to the Pakistani Rupee (PKR) is published by the State Bank of Pakistan (SBP) during the final hour of the business day, namely from Monday to Friday.
In contrast, it is common for the exchange rate between the United States Dollar (USD) and the Pakistani Rupee (PKR) in the open market to exhibit a slight increase compared to the interbank rate offered by financial institutions for the purpose of acquiring foreign currency from individuals. It is important to acknowledge that all incoming payments to consumers’ bank accounts are credited based on interbank rates.
According to the Pakistan Open Market, the prevailing buying exchange rate for the United States Dollar (USD) in relation to the Pakistani Rupee (PKR) is at 319. Similarly, the selling exchange rate for 1 USD is recorded as PKR 319.
The buying rate pertains to the rate at which an exchange business or bank acquires foreign currency from an individual, whereas the selling rate pertains to the rate at which an exchange company or bank dispenses international currency to a consumer.
The determination of the exchange rate between the US Dollar and Pakistani Rupee is influenced by open market prices and market forces, which are driven by the demand for foreign cash.
USD to PKR Exchange Rate in Pakistan Today
| DATE | EXCHANGE RATE (PKR) | CHANGE (PKR) |
|---|---|---|
| 29 August 2023 | Rs. 302.00 | – |
| 28 August 2023 | Rs. 302.00 |