CURRENCY EXCHANGE RATE USD TO PKR, 29 October 2024

Today, a slight increase in Dollar to PKR rate is observed, the currency exchange rate from the US Dollar to Pakistani Rupee (USD to PKR) in the open market is recorded as 1 USD equal to 277.75 PKR. USD to PKR is one of the most watched and searched rates in Pakistan, In this article, mypricezone.com will keep you updated about the current conversion rates from USD to PKR, and other currencies like USD to GBP, USD to AUD, USD to INR, etc.

CURRENCY	OPEN MARKET RATE
1 USD TO PKR	277.75
1 USD TO AUD	1.52
1 USD TO CAD	1.39
1 USD TO EUR	0.9246
1 USD TO GBP	0.7707
1 USD TO BHD	0.3760
1 USD TO OMR	0.3845
1 USD TO INR	84.10
1 USD TO KWD	0.3066

US DOLLAR CURRENCY EXCHANGE RATE

The United States dollar also referred to as the dollar, U.S. dollar, or American dollar, is the official currency of the United States and several other countries. As per our currency rankings 1 USD to PKR is one of the most popular currency exchange rates searched in Pakistan. According to Wikipedia “the ISO 4217 currency code for US dollar is “USD“, and the currency symbol is $“. Below, you’ll find US Dollar rates in multiple currencies and a currency converter.

CURRENCY	CURRENCY CODE	SYMBOL	RATE IN USD
Pakistan Rupee	PKR	$	0.0036
Bahrain Dinar	BHD	.د.ب	2.66
Canadian Dollar	CAD	$	0.7199
China Yuan	CNY	¥	0.1401
Danish Krone	DKK	Kr	0.1450
EURO	EUR	€	1.08
Hong Kong Dollar	HKD	$ / HK$ / 元	0.1287
Indian Rupee	INR	₹	0.0119
Japanese Yen	JPY	¥	0.0065
Kuwaiti Dinar	KWD	ك	3.26
Malaysian Ringgit	MYR	RM	0.2293
NewZealand $	NZD	$	0.5984
Norwegians Krone	NOK	Kr	0.0910
Omani Riyal	OMR	ر.ع	2.60
Romanian New Lei	RON	lei	0.2175
Qatari Riyal	QAR	ر.ق	0.2747
Saudi Riyal	SAR	SR	0.2667
Singapore Dollar	SGD	$	0.7562
Swedish Korona	SEK	Kr	0.0940
Swiss Franc	CHF	CHF	1.16
Thai Bhat	THB	฿	0.0296
U.A.E Dirham	AED	AED	0.2723
Australian Dollar	AUD	$	0.6590
US Dollar	USD	$	1.00

At present, 1$, 5$, 10$, 20$, 50$, and 100$, are the current circulating banknotes printed and used in the United States, the table below will show the price of these banknotes according to Pakistan Rupee.

CURRENCY	OPEN MARKET RATE
1 USD TO PKR	277.75
5 USD TO PKR	1,388.7400
10 USD TO PKR	2,777.4800
20 USD TO PKR	5,554.9600
50 USD TO PKR	13,887.4000
100 USD TO PKR	27,774.8000

CLICK HERE TO CHECK EURTO PKR RATE

CURRENCY CONVERTER

KEY FACTORS IMPACTING THE US DOLLAR “USD” RATE

As we all know, Pakistan primarily follows a managed float system, which influences the USD to PKR rate in connection to market forces but with some contribution from the State Bank of Pakistan to maintain stability.

A few of the many important factors that are directly influencing the USD to PKR currency exchange rate in Pakistan are

Inflation: Pakistan’s inflation rate has been relatively high, affecting the purchasing power of the Rupee.
Interest Rates: The State Bank of Pakistan has adjusted interest rates to manage inflation and attract foreign investments.
Trade Deficit: Pakistani imports exceed its exports, leading to a trade deficit that puts pressure on the Rupee.
Foreign Exchange Reserves: The reserves held by the State Bank provide a barricade but are insufficient to counter all downward pressures.

Additionally, gross domestic product (GDP), political instability, speculation and market sentiment, and geopolitical events are some significant factors that are impacting the USD to PKR rate in Pakistan.

Conclusion

Today Currency rate in Pakistan from USD to PKR is influenced by a network of factors, including economic and political instability, trade balance, foreign exchange reserves, and market sentiment. Understanding these factors and their interplay is crucial for businesses, investors, and individuals alike. It is highly suggested to stay updated with the variations in currency exchange rates to make valuable decisions.