The State Bank of Pakistan has announced the official exchange rate of USD to PKR as PKR 285.42 in the interbank market today. However, it’s important to note that buying and selling rates for US Dollar to Pakistani Rupee may vary between the interbank market and currency exchange or open market rates. Despite this, the interbank trading rate for USD to PKR has remained unchanged since yesterday.
In the world of currency exchange, fluctuations in exchange rates can significantly impact international trade and finance. Today’s exchange rate of USD to PKR provides valuable information for businesses and individuals engaged in financial transactions between the United States and Pakistan.
The Interbank Exchange Rate:
As per the official exchange rate set by the State Bank of Pakistan, 1 US Dollar is equivalent to PKR 285.42. This rate applies specifically to transactions conducted through the interbank market, which serves as the primary platform for banks and financial institutions to exchange currencies. It is important to note that this rate may differ from the rates offered in currency exchange bureaus or the open market.
USD to PKR Interbank Rates History
| DATE | BUYING | SELLING |
|---|
| Today | 284.92 | 285.42 |
| 30 May, 23 | 284.92 | 285.42 |
| 29 May, 23 | 284.92 | 285.42 |
| 28 May, 23 | 284.65 | 285.15 |
| 27 May, 23 | 284.65 | 285.15 |
| 26 May, 23 | 285.60 | 286.00 |
| 25 May, 23 | 286.63 | 287.13 |
| 24 May, 23 | 287.20 | 287.70 |
| 23 May, 23 | 286.40 | 286.80 |
| 22 May, 23 | 285.70 | 286.00 |
| 21 May, 23 | 285.32 | 285.82 |
It’s crucial to understand that buying and selling rates for USD to PKR can vary in different market segments. While the interbank exchange rate acts as a benchmark, the rates available in currency exchange bureaus or the open market may differ due to various factors such as supply and demand dynamics, transaction costs, and market competition. Individuals or businesses looking to exchange currencies should consider these variations when seeking the best rates for their specific requirements.
Stability in Interbank Trading:
Despite potential disparities between interbank rates and other market segments, the trading rate for USD to PKR has shown stability, remaining unchanged from the previous day. This consistency suggests a relatively steady exchange environment for those involved in interbank transactions.
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Hamariweb, 30 May, 2023