The US Dollar rate in Pakistan today, August 22, 2023, is Rs. 297.13. This is the interbank rate for the US Dollar to the Pakistani Rupee at the start of the business day today.
Buying and Selling US Dollar Rate in Pakistan
| Remittance | Symbol | Buying | Selling | |
 US Dollar DD |
USD-DD | 304.9 | 308.15 | |
 US Dollar TT |
USD-TT | 304.9 | 308.15 |
Live Currency Converter
Source: forex.pk
Factors Affecting the Dollar Rate in Pakistan
The dollar rate in Pakistan is affected by a number of factors, including:
- The demand and supply of the US dollar: If the demand for the US dollar increases, the dollar rate will go up. Conversely, if the demand for the US dollar decreases, the dollar rate will go down.
- The interest rates in Pakistan and the US: If the interest rates in Pakistan are higher than the interest rates in the US, the dollar rate will go down. This is because investors will be more likely to invest in Pakistan, which will increase the demand for the Pakistani rupee and decrease the demand for the US dollar.
- The political and economic stability of Pakistan: If Pakistan is politically or economically unstable, the dollar rate will go up. This is because investors will be less likely to invest in countries that are seen as being risky.
- The interventions by the central banks: The central banks of Pakistan and the US can intervene in the foreign exchange market to try to influence the dollar rate. For example, if the State Bank of Pakistan wants to weaken the Pakistani rupee, it can sell US dollars in the market.
How to Get the Best Dollar Rate in Pakistan
There are a few things you can do to get the best dollar rate in Pakistan:
- Shop around: Compare the dollar rates offered by different banks and exchange bureaus.
- Use a currency converter: A currency converter can help you to compare the dollar rates offered by different websites.
- Buy in bulk: If you are buying a large amount of US dollars, you may be able to get a better dollar rate.
- Pay with a credit card: Some credit cards offer better dollar rates than others.
Conclusion
The dollar rate in Pakistan is constantly changing. It is important to check the latest rates before you make a transaction. You can also use a currency converter to compare the rates offered by different websites. By following these tips, you can get the best possible dollar rate in Pakistan.
