As of today, February 9, 2025, the exchange rate for the US Dollar (USD) in Pakistan is PKR 279.55 according to the interbank rate set by the State Bank of Pakistan. Meanwhile, the open market rate for the US Dollar is PKR 279.60. Over the past month, the Dollar has appreciated by PKR 10.906, showing a 3.715% increase.
Live Currency Updates:
- Interbank Rate (USD): PKR 279.55
- Open Market Rate (USD): PKR 279.60
- Yesterday’s Interbank Closing Rate: PKR 278.42
- Change in Interbank Rate: No change (PKR 0.00)
Open Market Exchange Rates in Pakistan:
In Pakistan’s open market, currency rates are influenced by the forces of supply and demand. Unlike the interbank market, the open market reflects free trade with no government-imposed restrictions, taxes, or tariffs. Despite this, inflation pressures in Pakistan continue to impact the exchange rate, causing daily fluctuations in the Dollar price.
Foreign Currency Conversion & Exchange:
Currency conversion plays a vital role in international trade and business. The Dollar to PKR exchange rate is influenced by both global financial markets and the policies set by the State Bank of Pakistan. Daily exchange rates are announced by the central bank, ensuring market stability and regulating the local economy.
Significance of Currency Rates in Pakistan:
Currency rates are essential for businesses, investors, and individuals in Pakistan, as they directly affect purchasing power, especially in the case of imports and exports. Fluctuating exchange rates have a significant impact on the cost of goods, inflation, and the economic conditions of the country. The State Bank of Pakistan actively monitors and enforces policies to control currency exchange rates and maintain economic stability.
FAQs on Currency Rates in Pakistan:
- What is the Dollar rate today?
The Dollar rate today is PKR 279.55 based on the interbank rate set by the State Bank of Pakistan. - What is the rate of $1 in Pakistan?
The rate of $1 in Pakistan is PKR 279.55 according to the interbank exchange rate. - What is the Dollar rate in the open market today?
The open market rate for the Dollar is PKR 279.60, which may vary slightly based on market conditions. - What is the buying and selling rate of the Dollar today?
The live buying rate for the Dollar is PKR 279.05, and the selling rate is PKR 281.10. These rates can fluctuate depending on the financial institution. - How much is 1 USD to PKR in the open market?
1 USD is equivalent to PKR 281.10 in the open market. - What is the correct Dollar rate in Pakistan?
The correct Dollar rate in Pakistan is PKR 281.10 in the currency exchange market.
Stay informed with the latest currency exchange rates and trends to better navigate the financial landscape in Pakistan.
