Stay updated on the USD to PKR exchange rate, key market influences, government measures, and its impact on businesses, investors, and the general public.
The exchange rate between the Pakistani rupee (PKR) and the US dollar (USD) is very important for trade, investment, and economic stability.
Current Rates
PKR to US Dollar changes daily based on economic and market conditions.
Market Influences
Many factors determine the exchange rate, including:
- Inflation
- Political stability
- Trade deficit
- Foreign exchange reserves
- Global economic trends
Historical trends
- The value of the rupee has been subject to various fluctuations over the past few years.
- Demand and supply factors and political decisions affect the exchange rate.
Open market vs. Interbank
- Interbank rate: Typically used for transactions with low exchange rates and currency.
- Open market rate: Refers to the maximum amount of public and business interest.
Government measures
- Change interest to control inflation.
- Increase foreign exchange reserves and well-known principles for currency stability.
- Regulations and measures to control the illegal market.
World factors
- Oil price.
- Foreign remittance inflows.
- International trade agreements.
- Foreign direct investment (FDI) impact.
Exchange rate ripple effects
Importers & Exporters
- The value of the PKR makes imports more expensive.
- Exporters can take advantage of the weakness of the PKR.
PKR to USD Exchange Rate Table
| Date | Interbank Rate (PKR per USD) | Open Market Rate (PKR per USD) |
|---|---|---|
| March 20 | 278.50 | 280.00 |
| March 21 | 279.00 | 280.50 |
| March 22 | 278.75 | 280.20 |
| March 23 | 278.90 | 280.30 |
| March 24 | 279.10 | 280.50 |
| March 25 | 279.30 | 280.75 |
| March 26 | 279.40 | 280.90 |
| March 27 | 279.50 | 281.00 |
| March 28 | 280.16 | 280.40 (buying), 281.90 (selling) |
Investors
- Forex dealers and stock market investors monitor the movement of foreign exchange.
- Foreign investors check the stability before investing.
Business
- A volatile money increases operating costs.
- Importing companies face an additional burden.
Public
- Inflation decreases the value of the PKR.
Advice
- Follow government policy: Follow the rules that affect the exchange rate.
- Good investment: Develop appropriate strategies for currency index risk.
