The exchange rate between the US Dollar (USD) and the Pakistani Rupee (PKR) on August 17, 2023, is 1 USD = 294.93 PKR. This is the closing interbank currency rate set by the State Bank of Pakistan (SBP).
The exchange rate is constantly fluctuating, so it is always best to check the latest rates before making any transactions. You can find the latest exchange rates on the websites of banks and currency exchange companies.
Today’s Exchange Rate for USD to PKR in Pakistan
|DATE||EXCHANGE RATE (PKR)||CHANGE (PKR)|
|17 August 2023||Rs. 294.93||+3.42|
|16 August 2023||Rs. 291.51|
Here are some of the factors that can affect the exchange rate between the USD to PKR:
- Demand and supply: The exchange rate is determined by the supply and demand for each currency. If there is more demand for the USD than the PKR, the exchange rate will go up.
- Interest rates: The interest rates in the two countries also affect the exchange rate. If interest rates are higher in the US than in Pakistan, the USD will become more valuable and the exchange rate will go up.
- Political stability: Political stability in the two countries can also affect the exchange rate. If there is political instability in Pakistan, the PKR will become less valuable and the exchange rate will go up.
It is important to remember that the exchange rate is just one factor to consider when making a financial decision. You should also consider the other factors involved, such as the interest rates, political stability, and the economic outlook for both countries.