The live USD to PKR exchange rate in Pakistan on October 2, 2023, is 287.74. This is the interbank rate, which is the rate at which banks exchange currencies with each other. The open market rate, at which banks and exchange bureaus exchange currencies with the public, is typically slightly higher.
USD to PKR Exchange Rate in Pakistan Today
|DATE||EXCHANGE RATE (PKR)||CHANGE (PKR)|
|2 October 2023||Rs. 287.74||–|
|28 September 2023||Rs. 287.74|
As you can see, the USD to PKR exchange rate has been relatively stable over the past few days. However, it is important to note that exchange rates can fluctuate rapidly, so it is always best to check the latest rates before making any currency transactions.
The USD to PKR exchange rate is important for a variety of reasons. It affects the cost of imports and exports, as well as the value of foreign investment. It also affects the cost of travel and remittances.
For example, if the value of the Pakistani rupee decreases relative to the US dollar, imported goods will become more expensive for Pakistani consumers. Pakistani exporters, on the other hand, will benefit from a weaker rupee, as their products will become more competitive in the global market.
The USD to PKR exchange rate is also important for foreign investors. If the value of the Pakistani rupee decreases relative to the US dollar, foreign investors will be able to buy more Pakistani assets for the same amount of US dollars. This could lead to an increase in foreign investment in Pakistan.
Overall, the USD to PKR exchange rate is an important indicator of the economic health of Pakistan. It is also important for businesses and individuals who are involved in international trade and investment.