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The dollar falls against Pakistani Rupee, today's rates

The dollar falls against Pakistani Rupee, today's rates 

The United States Dollar (USD) depreciated against the Pakistan Rupee (PKR). According to official interbank exchange rates provided by the National Reserve Bank of Pakistan, 1 USD is currently worth PKR 277.70. This represents a decrease in interbank rates of 0.20 PKR or 0.072%.

Open Market Exchange Rates

Date

Buying (PKR)

Selling (PKR)

12 Jul 23

278.00

281.00

Interbank Exchange Rates

Date

Buying (PKR)

Selling (PKR)

12 Jul 23

277.30

277.70

The interbank exchange rate as recorded by the National Reserve Bank of Pakistan is an important indicator of the value of the USD against the PKR. It refers to the exchange rate used by financial institutions for large transactions. A slight decrease in interbank rates indicates a decrease in demand for the USD, resulting in a lower price relative to the PKR.

The dollar falls against Pakistani Rupee, today's rates
The dollar falls against Pakistani Rupee, today's rates 

Similarly, open market prices provide insight into the USD prices of small businesses by individuals and firms. The decline in buying and selling prices indicates that demand for the USD on the open market has decreased, resulting in a depreciation against the PKR.

Overall, the depreciation of the USD against the PKR in terms of interbank exchange rates and open market rates indicates changes in currency market dynamics and this could have various implications for trade, investment, and monetary activity in the U.S. and Pakistan.


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