In a recent announcement, the State Bank of Pakistan has revealed that the interbank exchange rate for USD to PKR conversion remains stable at PKR 285.15. This official rate signifies the value of one US Dollar in Pakistani Rupees for interbank transactions. It is important to note that the buying and selling rates of the US Dollar may differ when compared to the interbank exchange rate, as seen in currency exchange and the open market.
Despite fluctuations in the market, the trading value between the US Dollar and Pakistani Rupee has remained unchanged compared to the previous day. This stability is expected to provide some relief to individuals and businesses engaged in foreign currency transactions.
USD to PKR Interbank Rates History
|29 May, 23||284.65||285.15|
|28 May, 23||284.65||285.15|
|27 May, 23||284.65||285.15|
|26 May, 23||285.60||286.00|
|25 May, 23||286.63||287.13|
|24 May, 23||287.20||287.70|
|23 May, 23||286.40||286.80|
|22 May, 23||285.70||286.00|
|21 May, 23||285.32||285.82|
|20 May, 23||285.32||285.82|
The interbank exchange rate serves as a benchmark for financial institutions and plays a significant role in determining the overall value of the US Dollar in the Pakistani market. While fluctuations in exchange rates are common due to various factors such as economic indicators, market demand, and geopolitical events, the State Bank of Pakistan’s decision to maintain the current rate aims to ensure stability and confidence in the foreign exchange market.
For those involved in international trade, tourism, or overseas remittances, it is advised to stay updated with the latest exchange rates to make informed decisions. Market fluctuations can impact the affordability of imported goods, the competitiveness of exports, and the value of remittances received from abroad.
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