1 Dollar in Pak Rupees Today: Open Market Exchange Rate
Updated Exchange Rate
As of today, the open market exchange rate for 1 USD (United States Dollar) in PKR (Pakistani Rupee) is:
1 USD = 157.50 PKR
This exchange rate may vary depending on the location, market conditions, and other economic factors.
Open Market Exchange Rate vs. Official Exchange Rate
The open market exchange rate is the rate at which currencies are traded in the open market, whereas the official exchange rate is the rate set by the State Bank of Pakistan (SBP). The open market exchange rate is often different from the official exchange rate due to various market and economic factors.
Factors Affecting Exchange Rate
The exchange rate between USD and PKR is influenced by several factors, including:
- Supply and Demand: The demand for USD and the supply of PKR in the market affect the exchange rate.
- Economic Indicators: GDP growth rate, inflation rate, and interest rates can influence the exchange rate.
- Political Stability: Political instability can lead to a decrease in the value of PKR.
- Trade Balance: A trade deficit can lead to a decrease in the value of PKR.
Importance of Exchange Rate
The exchange rate plays a crucial role in the economy, as it affects:
- Trade: A favorable exchange rate can boost trade and economic growth.
- Investment: A stable exchange rate can attract foreign investment.
- Inflation: A stable exchange rate can help control inflation.
Conclusion
In conclusion, the exchange rate of 1 USD to PKR can fluctuate depending on various market and economic factors. It is essential to stay updated with the latest exchange rates to make informed decisions in the open market.
