Dollar to PKR Trend This Month
Over the past month, the dollar rate in Pakistan has eased slightly, moving from around PKR 278.30 on July 27 to PKR 277.95 by August 25. The rate briefly climbed back toward PKR 278.25 in early August before drifting lower through the rest of the month, with a similar short recovery near August 22. Despite these small ups and downs, the overall movement has stayed mild, with the rupee holding its ground rather than showing any sharp swings.
Dollar Rate Today: Live Updates
- Interbank dollar rate today closed at Rs. 278.25, slightly up from yesterday's close of Rs. 278.18.
- Open market counters across major cities were quoting between Rs. 278.00 and Rs. 278.50 throughout the day.
- The State Bank's latest weekly bulletin shows reserves holding steady, with no major swings this week.
Dollar Price in Pakistan: City Wise Rates
- Karachi: Cash trading is moving normally around Saddar and I.I. Chundrigar Road.
- Lahore & Islamabad: Counter rates track closely with the national average, with steady walk-in volume rather than any rush to buy or sell.
- Smaller Cities: Expect a slightly wider gap between buying and selling than the big exchange hubs offer.
Dollar to PKR Open Market vs Interbank Rate
- Open Market Rate: The price you'll actually deal with at an exchange counter for physical cash, whether for travel, tuition, or a medical bill abroad.
- Interbank Rate: The State Bank sets daily interbank rates for banks to handle big imports and business payments.
What Affects the Dollar Rate in Pakistan?
A number of factors move the dollar rate in Pakistan from one week to the next:
- Inflation: Higher inflation at home pushes demand for a stable store of value like the dollar.
- Oil prices: Pakistan buys most of its oil from abroad, so when crude gets more expensive on the world market, the country needs more dollars to cover the same import bill.
- State Bank policy and reserves: How much foreign currency the SBP is holding, and what it does with interest rates, has a real say in whether the rupee stays steady or starts sliding.
- Remittances: Dollars sent home by Pakistanis working abroad make up a big chunk of what flows into the country, easing pressure on the exchange rate.
- External debt and political stability: Investor confidence in the rupee tracks how manageable the debt load and political situation look.
Remittances and the Dollar Rate in Pakistan
When remittance inflows run strong, around $700-800 million a week, the rupee tends to hold steady, and on strong weeks it can even gain slightly. On slower weeks, the dollar to PKR rate tends to drift upward. Stronger dollar supply from remittances also narrows the gap between official and informal rates, leaving little incentive to use unofficial channels.
Q: What is the rate of $1 in Pakistan?
A: According to the State Bank the interbank rate is about Rs. 278.25.
Q: What is the dollar buying and selling rate today?
A: In the open market, dealers are buying dollars at Rs. 278.00. In the open market dealers sell dollars at Rs. 278.50 but exact rates depend on which exchange shop you visit.
Q: What is the open market rate for 100 US Dollars today?
A: Selling 100 dollars gets you around Rs. 27,800 while buying 100 dollars costs Rs. 27,850.