Today on 20 May 2023 Dollar rate in Pakistan (USD to PKR) is Rs 295.00. The State Bank of Pakistan (SBP) provided the closing exchange rate at the end of the business day.
The State Bank of Pakistan (SBP) publishes the closing interbank rate for Dollar (USD) to Pakistani Rupee (PKR) at the final hour of the business day (Monday to Friday).
Meanwhile, the open market USD to PKR rate is often somewhat higher than the interbank rate supplied by banks when getting foreign currency from consumers. It is also worth noting that all incoming payments to customers’ bank accounts are credited at interbank rates.
Dollar Rate in Pakistan (Dollar to PKR) Today
On May 20, 2023, the open market buying rate for one US Dollar (USD) in Pakistani Rupees (PKR) was Rs 295.00, while the selling rate was Rs 298.00.
PKR to USD – These prices are updated as of 8:00 a.m. Pakistan Standard Time (PST) and are subject to change according to market conditions and foreign currency demand.
USD to PKR Exchange Rate in Pakistan Today
The buying rate represents the rate at which an exchange company or bank purchases foreign currency from an individual, whereas the selling rate represents the rate at that an exchange company or bank sells international currency to a customer.
The US Dollar/PKR exchange rate is set by open market prices and market forces according to foreign currency demand.
DISCLAIMER: We provide daily updates for AED to PKR, SAR to PKR, GBP to PKR, EUR to PKR, and USD to PKR exchange rates regularly. Readers should be aware that currency rates can fluctuate regularly due to several reasons such as supply and demand, financial conditions, and geopolitical events. So, it is always prudent to confirm current exchange rates before engaging in any financial transactions using foreign currency.