The United States Dollar (USD) has shown a decline against the Pakistani Rupee (PKR). The State Bank of Pakistan’s official interbank exchange rate records 1 USD to PKR at 277.70. Moreover, the open market rates also reflect a decrease in the value of the USD, with the buying rate at PKR 278.00 and the selling rate at PKR 281.00.
Interbank Exchange Rates
| Date | Buying (PKR) | Selling (PKR) |
|---|---|---|
| 12 Jul 23 | 277.30 | 277.70 |
Open Market Exchange Rates
| Date | Buying (PKR) | Selling (PKR) |
|---|---|---|
| 12 Jul 23 | 278.00 | 281.00 |
The interbank exchange rate, provided by the State Bank of Pakistan, shows that 1 USD is equivalent to 277.70 PKR. This indicates a decline of 0.20 PKR or 0.072% in the interbank rate. On the other hand, in the open market, the value of the dollar has also decreased by 0.20 PKR, resulting in 1 USD being equivalent to 277.70 PKR.
