As of February 9, 2025, the exchange rate for the US Dollar (USD) in Pakistan is PKR 279.05, according to the State Bank’s interbank rate. Meanwhile, in Pakistan’s open market, the US Dollar is trading at PKR 279.60. The buying and selling rates for foreign currencies, including the US Dollar, fluctuate daily due to various economic factors. Typically, the exchange rate offered by banks is slightly lower than the rates in currency exchanges or the open market.
Dollar Rate in Pakistan – February 9, 2025
As of today, February 9, 2025, the exchange rate for the US Dollar (USD) in Pakistan is PKR 279.55, based on the interbank rate set by the State Bank of Pakistan. The open market dollar rate is slightly higher at PKR 279.60. Over the past 30 days, the Dollar to PKR conversion has increased by PKR 10.906, reflecting a growth of 3.715%.
Dollar Rate Live Updates:
- Interbank Rate: PKR 279.55
- Open Market Rate: PKR 279.60
- Yesterday’s Interbank Rate Close: PKR 278.42
- Current Interbank Rate Change: PKR +0.00 (no change)
Open Market Dollar Rates in Pakistan:
The open market dollar rate typically reflects free-market conditions, where the supply and demand for currencies set the price without any restrictions. In an open-market system, trade occurs without tariffs or taxes, and interest rates are influenced by the federal government and the central bank. Inflation in Pakistan is currently putting pressure on the exchange rate, contributing to fluctuations in the dollar price.
Currency Conversion & Foreign Exchange:
Currency conversion plays a crucial role in international trade and business. The dollar rate in Pakistan is influenced by global currency markets, with exchange rates determined by both international banks and Pakistan’s State Bank. In Pakistan, foreign exchange rates are announced daily by the State Bank, which monitors trends and enforces policies to maintain market stability and control inflation.
Importance of Dollar Rate in Pakistan:
The dollar rate is a key factor for businesses, investors, and individuals in Pakistan, particularly due to the impact of inflation and the cost of imported goods. Fluctuations in the exchange rate directly affect the purchasing power of consumers, as well as the profitability of exporters and importers. Given the importance of accurate exchange rates, the State Bank of Pakistan takes active measures to regulate the foreign exchange market and ensure economic stability.
Frequently Asked Questions:
- What is the Dollar rate today?
The Dollar rate today is PKR 279.55 (interbank rate), as per the State Bank of Pakistan’s official exchange rate. - What is the rate of $1 in Pakistan?
The rate of $1 in Pakistan is PKR 279.55 according to the interbank exchange rate set by the State Bank of Pakistan. - What is the Dollar rate in Pakistan’s open market today?
The open market rate for the Dollar today is PKR 279.60. It may vary slightly depending on market conditions. - What is the dollar buying and selling rate today?
The live dollar buying rate is PKR 279.05, and the selling rate is PKR 281.10. These rates can vary depending on the currency exchange or 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, based on the current exchange market, is PKR 281.10 in currency exchanges.
Stay updated with the latest exchange rates and trends in the forex market to better understand the economic situation in Pakistan.
