The USD to PKR exchange rate is the rate at which the US dollar can be exchanged for Pakistani rupees. It is determined by the supply and demand for both currencies in the foreign exchange market. The value of the Pakistani rupee has been declining against the US dollar in recent years, due to a number of factors, including:
The open market currency rates in Pakistan on August 20, 2023, are as follows:
| Currency | Symbol | Buying | Selling | Yesterday | Difference | Trend |
|---|---|---|---|---|---|---|
| US Dollar to PKR | USD | 303.80 | 304.30 | 302 | 1.80 | Steady |
| Euro to PKR | EUR | 330.50 | 331.50 | 327.50 | 3.00 | Rising |
| British Pound to PKR | GBP | 385.80 | 386.80 | 382 | 3.80 | Rising |
| Saudi Riyal to PKR | SAR | 80.90 | 81.90 | 80.10 | 0.80 | Steady |
| UAE Dirham to PKR | AED | 83.90 | 84.90 | 83.10 | 1.80 | Rising |
| Australian Dollar to PKR | AUD | 202 | 203 | 200 | 2 | Rising |
As you can see, the US dollar has remained steady against the Pakistani rupee today. The euro and British pound have both risen slightly, while the Saudi riyal and UAE dirham have also remained steady. The Australian dollar has seen the biggest increase, rising by 2%.
The open market currency rates in Pakistan are subject to change on a daily basis, so it is always best to check the latest rates before making any transactions. You can find the latest open market currency rates on a number of websites, including Forex. pk and Hamariweb.com.
Here are some factors that can affect the open market currency rates in Pakistan:
- The political situation in Pakistan
- The economic situation in Pakistan
- The global oil prices
- The interest rates in Pakistan
- The foreign exchange reserves of Pakistan
As a result, the USD to PKR exchange rate has been increasing. In August 2023, the exchange rate is around 303.80 PKR per USD. This means that 1 US dollar can be exchanged for 303.80 Pakistani rupees.
The USD to PKR exchange rate is constantly fluctuating, so it is important to check the latest rates before making any transactions. You can find the latest rates on a number of websites, including Forex. pk and Hamariweb.com.
If you are planning to travel to Pakistan, it is a good idea to exchange your currency for Pakistani rupees before you go. You can do this at a bank or currency exchange bureau. However, it is important to compare the exchange rates offered by different institutions before you make a transaction.
You can also use a currency converter to find the current exchange rate between the US dollar and Pakistani rupee. A currency converter is a website or app that allows you to enter the amount of money you want to exchange and it will show you the equivalent amount in the other currency.
Here are some tips for exchanging currency:
- Do your research and compare exchange rates before you make a transaction.
- Avoid using currency exchange bureaus at airports or tourist destinations, as they often offer the worst exchange rates.
- Consider using a credit card that does not charge foreign transaction fees.
- Be aware of the fees associated with currency exchange, such as commissions and ATM withdrawal fees.
By following these tips, you can save money when you exchange currency. If you are planning to make any foreign currency transactions, it is important to be aware of these factors and how they can affect the exchange rates.
