Dollar Rate in Pakistani Rupees Today
An In-Depth Analysis In the world of finance and trading, the exchange rate of the US Dollar (USD) against the Pakistani Rupees (PKR) is a subject of great significance. Investors, traders, and the general public often keep a close eye on the Dollar rate in Pakistan today, as it can have a profound impact on the country’s economic landscape. In this article, we will delve into the dynamics of the Dollar rate in Pakistan and explore its implications on the open market and international trade.
Table of Contents
Open Market Doller Rates in Pakistan
The open market is a critical component of any country’s economy. It signifies a free flow of trade, where there are no barriers or restrictions on the buying and selling of goods between countries. In an open market, there are typically no taxes or tariffs imposed. But , the interest rates applied to these trades are determined by the government and central banks, such as the Federal Reserves in the case of the United States.
|New Date||Country Symbol||Buying Price||Selling Price|
|22-10-2023||USD||280.8 PKR||283.5 PKR|
|21-10-2023||USD||280.8 PKR||283.5 PKR|
|20-10-2023||USD||280.5 PKR||283.2 PKR|
|19-10-2023||USD||279.25 PKR||282 PKR|
|18-10-2023||USD||280 PKR||282 PKR|
|18-08-2023||USD||301.5 PKR||303.8 PKR|
|17-08-2023||USD||302 PKR||304 PKR|
|16-08-2023||USD||301.5 PKR||303.5 PKR|
|15-08-2023||USD||299.1 PKR||302 PKR|
|14-08-2023||USD||295 PKR||298 PKR|
|13-08-2023||USD||295 PKR||298 PKR|
|12-08-2023||USD||295 PKR||298 PKR|
|11-08-2023||USD||295 PKR||298 PKR|
|10-08-2023||USD||293.6 PKR||296.5 PKR|
|09-08-2023||USD||293.8 PKR||296.7 PKR|
|08-08-2023||USD||293.6 PKR||296.5 PKR|
|07-08-2023||USD||291.6 PKR||294.5 PKR|
|06-08-2023||USD||290 PKR||293 PKR|
|05-08-2023||USD||290 PKR||293 PKR|
|04-08-2023||USD||289.5 PKR||292.5 PKR|
|03-08-2023||USD||290 PKR||293 PKR|
|02-08-2023||USD||289 PKR||292 PKR|
|01-08-2023||USD||288 PKR||291 PKR|
|31-07-2023||USD||289.5 PKR||292.5 PKR|
|30-07-2023||USD||289 PKR||292 PKR|
|29-07-2023||USD||289 PKR||292 PKR|
|28-07-2023||USD||289 PKR||292 PKR|
|27-07-2023||USD||289 PKR||292 PKR|
|26-07-2023||USD||291.5 PKR||294 PKR|
|25-07-2023||USD||292 PKR||294.5 PKR|
Currency Conversion Rate
Apart from trading goods, currency exchange is another critical aspect of international trade. To engage in buying and selling products with other countries, it is essential to convert open market rates into other currencies. This exchange of currencies is often referred to as foreign exchange rates. International banks typically determine these rates on a worldwide scale, while the Central Bank of a country is responsible for regulating its national currency and maintaining a balance in the foreign exchange market.
In Pakistan, the State Bank of Pakistan acts as the Central Bank and sets the foreign exchange rate on a daily basis. This rate is crucial for international trade and investment, as it directly impacts the cost of goods and services.
Accessing Dollar Rates and Forex Exchange
To facilitate the process of monitoring currency exchange rates, various online services are available. These services provide accurate and up-to-date forex exchange rates. Websites like the one you are on can offer real-time information on the Dollar rate in Pakistan today. This allows users to easily access tables displaying live forex rates in Pakistani Rupees, along with buying and selling values for different currencies.
In addition to the USD to PKR rate, users can also check the rates for other currencies, including the Australian Dollar (AUD) to PKR rate, Saudi Riyal to PKR rate, Emirati Dirham (AED) to PKR rate, and more. These rates are essential for individuals and businesses engaged in international trade, as they provide insights into the cost of transactions and investments.
Currency Exchange Rates
It’s important to note that the currency exchange rates provided on this page are obtained from various sources in the money market. These rates are for informational purposes only and are not intended as financial advice or trading recommendations. If you are considering trading or currency exchange, please consult with your local money market or financial institution for daily updated rates and expert guidance.
The Dollar rate in Pakistan is a pivotal aspect of the country’s economic landscape. It directly influences international trade, the cost of goods, and the overall financial stability of the nation. By staying informed about the Dollar rate in Pakistan today and utilizing online resources to access forex exchange rates, individuals and businesses can make well-informed financial decisions in this ever-changing economic environment.