Today, February 10, 2025, the dollar rate in Pakistan is PKR 279.55 according to the State Bank of Pakistan’s interbank exchange rate. The open market rate is slightly higher at PKR 279.60. The dollar to PKR exchange rate has seen fluctuations recently, increasing by PKR 10.906 (3.715%) over the past month.
The interbank dollar rate decreased by PKR 0.00 today, closing at 278.45 compared to yesterday’s closing rate of 278.42.
Open market rates in Pakistan generally reflect free trade principles, where goods can be exchanged between countries without restrictions, ideally creating balanced supply and demand. However, factors like Pakistan’s current inflation rate significantly impact the dollar rate.
Currency conversion is crucial for international trade and business. For global commerce to function smoothly, open market rates need to align with international currency values. The exchange rate between the US dollar and the Pakistani Rupee is influenced by both international banking practices and the policies of the State Bank of Pakistan, which sets and announces daily exchange rates to maintain a stable foreign exchange market.
The current dollar rate in Pakistan has broad implications for the country’s economy, affecting consumers, importers, and exporters. The price of imported goods and the overall inflation rate are directly influenced by fluctuations in the dollar’s value. The State Bank of Pakistan actively monitors foreign exchange trends and implements regulations to maintain stability in both the open market and the interbank exchange.
The current live dollar rate in Pakistan is PKR 279.55. The interbank rate, set by the State Bank of Pakistan, for $1 USD is 279.55 PKR. The open market rate may vary slightly and is currently 279.60 PKR. The current buying rate for the US dollar is 279.05 PKR, and the selling rate is 281.10 PKR. These rates can fluctuate based on the currency exchange or financial institution used. The open market exchange rate for 1 USD to PKR is 281.10. The prevailing dollar rate in the Pakistani currency exchange market is 281.10 PKR.