The Pakistani rupee continued to gain ground against the US dollar in the open market on Sunday, September 17, 2023, rising by Rs3.25 against the greenback. The rupee also appreciated against a number of other currencies, including the euro, pound sterling, and Saudi riyal. The rupee’s appreciation against the dollar is good news for Pakistani consumers and businesses as it will make imports cheaper and boost exports.
PKR to USD – Today Pakistani Rupee to US Dollar as of September 17, 2023
| DATE | EXCHANGE RATE (PKR) | CHANGE (PKR) |
| 17 September 2023 | Rs. 296.5 | 0.59% |
Today Pakistani Rupee to US Dollar as of September 17, 2023 and Other Currency Rates:
| CURRENCY | SYMBOL | BUYING | SELLING |
|---|---|---|---|
| US Dollar | USD | 296.5 | 299.5 |
| Euro | EUR | 321.5 | 324.5 |
| British Pound | GBP | 375.5 | 379 |
| UAE Dirham | AED | 81.7 | 82.5 |
| Saudi Riyal | SAR | 79.15 | 79.9 |
| Kuwaiti Dinar | KWD | 968.3 | 977.3 |
| Canadian Dollar | CAD | 220 | 222.2 |
| Australian Dollar | AUD | 198 | 200 |
| Omani Riyal | OMR | 776.86 | 784.86 |
| Japanese Yen | JPY | 2 | 2.09 |
| Malaysian Ringgit | MYR | 63.21 | 63.81 |
| Qatari Riyal | QAR | 81.28 | 81.98 |
| Bahrain Dinar | BHD | 795.46 | 803.46 |
| Thai Bhat | THB | 8.29 | 8.44 |
| Chinese Yuan | CNY | 40.72 | 41.12 |
| Hong Kong Dollar | HKD | 38.21 | 38.56 |
| Danish Krone | DKK | 42.57 | 42.97 |
| New Zealand Dollar | NZD | 175.01 | 177.01 |
| Singapore Dollar | SGD | 217.2 | 219.2 |
| Norwegians Krone | NOK | 27.87 | 28.17 |
| Swedish Krona | SEK | 26.6 | 26.9 |
| Swiss Franc | CHF | 334.14 | 336.64 |
| Indian Rupee | INR | 3.57 | 3.68 |
The rupee’s appreciation against the dollar comes as the country’s foreign exchange reserves have increased in recent months. The State Bank of Pakistan’s (SBP) foreign exchange reserves stood at $17.5 billion on September 8, 2023, up from $16.4 billion a month earlier.
The rupee’s gains against the dollar are also being attributed to the government’s efforts to improve the country’s economic fundamentals. The government has taken a number of steps in recent months to reduce the budget deficit, improve tax collection, and promote exports.
The rupee’s appreciation against the dollar is good news for Pakistani consumers and businesses. It will make imports cheaper and boost exports. It will also help to reduce inflation and improve the country’s economic outlook.
Dollar currency exchange rates fluctuate all the time, depending on worldwide supply and demand. It is important to understand the current exchange rate for your currency in order to get the best possible rate when converting currency.
This page provides daily US Dollar to PKR exchange rates as provided by the State Bank of Pakistan (SBP). This is the official currency exchange rate provided by the banking regulator daily at the end of the working day.
Here are some tips for getting the best currency exchange rate:
- Shop around and compare rates from different currency exchange providers.
- Avoid exchanging currency at airports or hotels, as the rates are usually less favorable.
- Consider using a debit or credit card that offers no foreign transaction fees.
- If you are exchanging a large amount of currency, you may be able to negotiate a better rate with a currency exchange provider.
Please note that the exchange rates on this page are for informational purposes only and may not be the same as the rates offered by currency exchange providers.
Impact on Consumers and Businesses
The rupee’s appreciation against the dollar is good news for Pakistani consumers and businesses. It will make imports cheaper and boost exports. It will also help to reduce inflation and improve the country’s economic outlook.
Consumers will benefit from the rupee’s appreciation as it will make imported goods and services cheaper. This will boost their purchasing power and help to improve their standard of living.
Businesses will also benefit from the rupee’s appreciation as it will make their exports more competitive. This will help them to increase their sales and profits. The rupee’s appreciation will also make it cheaper for businesses to import raw materials and machinery. This will help to reduce their costs and improve their efficiency.
