Dollar Rate Today
29 Apr 2023 – Today 1 USD to PKR conversion rate is PKR 283.84 in Interbank exchange rate as an official rate by State Bank of Pakistan. US Dollar to PKR buying and selling rates are different in inter bank and currency exchange or open market rates. US Dollar to Pakistani Rupee has decreased PKR 0.08 or 0.028% on trading in Interbank rate. Use the calculator below to convert currencies online.
Interbank USD Rate
انٹر بینک ڈالر ریٹ
|29 Apr 23||PKR283.34||PKR283.84|
Open Market Rate
اوپن مارکیٹ ڈالر ریٹ
|29 Apr 23||PKR286.60||PKR289.50|
Dollar Rate Comparison
US Dollar Profile
|NAME||SYMBOL||MINOR UNIT||MINOR UNIT SYMBOL|
|US Dollar||$||1/100 = cent||¢|
USD to PKR Interbank Rates History
|29 Apr, 23||283.34||283.84|
|28 Apr, 23||283.42||283.92|
|27 Apr, 23||283.30||283.90|
|26 Apr, 23||284.00||285.00|
|25 Apr, 23||282.97||283.47|
|24 Apr, 23||282.97||283.47|
|23 Apr, 23||282.97||283.47|
|22 Apr, 23||282.97||283.47|
|21 Apr, 23||282.97||283.47|
|20 Apr, 23||283.39||283.89|
Dollar to Pakistani Rupee
Dollar to Pakistani Rupee currency exchange rate fluctuates almost on daily basis. US Dollar to Pakistan Rupee conversion is based on open market rates that are set by the dealers of currency exchange in Pakistan. As per the current scenario, the dollar is touching the sky against Pakistani currency. Stay tuned to get the latest information regarding USD to PKR exchange rates in an open market.
What Is USD To PKR Today?
Weekly performance of USD to PKR shows decrease in value and Pakistani Rupee is down by PKR -0.37 or -0.131%. The peak conversion exchange rate of US Dollar to PKR was PKR 285 and lowest PKR 283.47 conversion.Monthly fluctuation during the last 30 days as follows for USD to PKR: High PKR 288.9 and Low PKR 283.47 in value, where buying was PKR 283.34 and Selling 283.84
Due to the IMF delay, the PKR rose again against the USD in the interbank
The IMF has ordered Pakistan to exchange dollars at the going rate for commerce with Afghanistan, according to the secretary general of the Exchange Companies Association of Pakistan (ECAP). While According to the chief executive of Topline Securities, the currency market’s trepidation over the IMF’s delayed funding was the primary cause of the recent decline of the value of Rupee against Dollar.
According to the State Bank of Pakistan, the Pakistani rupee experienced a steep decline versus the USD as trading came to a close on March 2023. The local currency reached an all-time high of Rs. 281 at the time. Experts linked the government’s standoff with the International Monetary Fund as the cause of the record decline, which is 6.66 percent (IMF).
ECAP Removes Cap On USD
The State Bank of Pakistan periodically adjusted its exchange rate policies, which can affect the value of PKR. It’s important to note that the value of a currency is determined by supply and demand, and can be affected by a wide range of factors, including economic conditions, political developments, and global market trends. ECAP has agreed to remove the restriction on the USD value, meaning that the dollar value would henceforth be determined by supply and demand. According to a spokesperson of the exchange companies, the government has also agreed to allow the dollar to free float, allowing for a more flexible and market-driven exchange rate.
How Much Was 1 USD to PKR in 1947?
In 1947, when Pakistan became an independent country, the Pakistani Rupee did not exist as a separate currency. The currency in circulation at that time was the Indian Rupee, and the exchange rate between the Indian Rupee and the US Dollar was fixed at 1 USD = 4.76 INR. Therefore, the approximate value of 1 USD to PKR in 1947, based on the fixed exchange rate, would have been 1 USD = 4.76 PKR.
Q. What is the rate of US Dollar today in Pakistan?
A. US Dollar rate today in Pakistan is Rs 283.84. In the last 30 days, the rate of US Dollar is decreased.
Q. How much is 1 US Dollar to PKR today?
A. 1 US Dollar equals 283.84 Pakistani rupees. However, the rate fluctuates on a regular basis. It is a reason that it is crucial for investors to remain updated with the USD to PKR today rate.
Q. How to calculate USD to PKR exchange rate?
A. There are different methods to calculate the USD to PKR exchange rate. However, the simplest one is that first, you have to check the rate of one US Dollar in Pakistan. In the next step, multiply the rate by the amount in currency. For example, if one US Dollar is equal to 283.84 Pakistani Rupees then ten US Dollar will be equivalent to RS 2838.40.
Q. How can I exchange US Dollar to Pakistani rupees?
A. You can exchange US Dollar into Pakistani Rupees from the money changers or currency exchange currencies. However, it is recommended to first view the latest USD to PKR rate to not become a victim of any fraud.