![]() ![]() US Dollar rate today in Pakistan is Rs 283.47. What is the rate of US Dollar today in Pakistan?Ī. Therefore, the approximate value of 1 USD to PKR in 1947, based on the fixed exchange rate, would have been 1 USD = 4.76 PKR. The currency in circulation at that time was the Indian Rupee, and the exchange rate between the Indian Rupee and the US Dollar was fixed at 1 USD = 4.76 INR. In 1947, when Pakistan became an independent country, the Pakistani Rupee did not exist as a separate currency. According to a spokesperson of the exchange companies, the government has also agreed to allow the dollar to free float, allowing for a more flexible and market-driven exchange rate. It's important to note that the value of a currency is determined by supply and demand, and can be affected by a wide range of factors, including economic conditions, political developments, and global market trends.ĮCAP has agreed to remove the restriction on the USD value, meaning that the dollar value would henceforth be determined by supply and demand. The State Bank of Pakistan periodically adjusted its exchange rate policies, which can affect the value of PKR. Experts linked the government's standoff with the International Monetary Fund as the cause of the record decline, which is 6.66 percent (IMF). The local currency reached an all-time high of Rs. While According to the chief executive of Topline Securities, the currency market's trepidation over the IMF's delayed funding was the primary cause of the recent decline of the value of Rupee against Dollar.Īccording to the State Bank of Pakistan, the Pakistani rupee experienced a steep decline versus the USD as trading came to a close on March 2023. The IMF has ordered Pakistan to exchange dollars at the going rate for commerce with Afghanistan, according to the secretary general of the Exchange Companies Association of Pakistan (ECAP). Monthly fluctuation during the last 30 days as follows for USD to PKR: High PKR 288.9 and Low PKR 283.2 in value, where buying was PKR 282.97 and Selling 283.47ĭue to the IMF delay, the PKR rose again against the USD in the interbank The peak conversion exchange rate of US Dollar to PKR was PKR 284.71 and lowest PKR 283.47 conversion. Weekly performance of USD to PKR shows increased in value and Pakistani Rupee is up by PKR 1.24 or 0.436%. ![]()
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