The exchange rate between the US dollar (USD) and Pakistani rupee (PKR) as of September 1, 2023, is Rs. 305.54. The details offered concern the exchange rate between the US dollar and the Pakistani rupee between banks, specifically at the start of the current business day.
It is crucial to note that on September 1st, 2023, the exchange rate between the US Dollar and the Pakistani Rupee in Pakistan’s open market rates and interbank rates, as provided by banks or foreign exchange organizations, is slightly higher.
Although outgoing transactions are subject to fees based on open market rates, inbound remittances are assigned to clients’ accounts in accordance with the interbank rate. In essence, while purchasing foreign currency, financial institutions charge their customers fees based on current market rates, but when selling currency, they offer the same currency at interbank rates.
On August 31, 2023, at the close of trade in the interbank market, the exchange rate between the US dollar (USD) and the Pakistani rupee (PKR) was 305.54. At the end of the business day on September 1, 2023, the most recent exchange rate from USD to PKR will be made public.
The exchange rate between the United States Dollar (USD) and Pakistani Rupee (PKR) as of September 1, 2023, is shown below for Pakistan. The table also shows the corresponding rates of appreciation and depreciation in proportion to the day before. It’s crucial to remember that the table is typically updated at the end of each business day.
USD to PKR Exchange Rate in Pakistan Today
| DATE | EXCHANGE RATE (PKR) | CHANGE (PKR) |
|---|---|---|
| 1 September 2023 | Rs. 305.54 | – |
| 31 August 2023 | Rs. 305.54 |