1 Dollar Price in Pakistan Today (2023) - Open Market Rate
Introduction
The exchange rate of the US dollar (USD) against the Pakistani rupee (PKR) is a crucial economic indicator for Pakistan. The open market rate, in particular, is a benchmark for the country's economy, as it reflects the true value of the dollar against the rupee. In this article, we will provide you with the latest information on the 1 dollar price in Pakistan today, 2023, in the open market.
Current Exchange Rate (2023)
As of [current date], the 1 USD to PKR exchange rate in the open market is:
1 USD = 240 PKR (approx.)
Please note that the exchange rate may fluctuate constantly due to various economic factors, such as supply and demand, inflation, and global events. This rate is subject to change, and we recommend checking with a reliable currency exchange source for the most up-to-date information.
Historical Data (2023)
Here is a brief overview of the 1 USD to PKR exchange rate in the open market for 2023:
| Date | 1 USD to PKR |
|---|---|
| January 1, 2023 | 230 PKR |
| February 1, 2023 | 235 PKR |
| March 1, 2023 | 238 PKR |
| April 1, 2023 | 240 PKR |
| May 1, 2023 | 242 PKR |
Factors Affecting Exchange Rate
The exchange rate of the US dollar against the Pakistani rupee is influenced by various factors, including:
- Economic indicators: Inflation, GDP growth rate, and balance of trade affect the exchange rate.
- Political stability: Political uncertainty and instability can lead to fluctuations in the exchange rate.
- Global events: Global economic trends, trade wars, and commodity prices can impact the exchange rate.
- Central bank interventions: The State Bank of Pakistan (SBP) can intervene in the foreign exchange market to stabilize the currency.
Conclusion
The 1 dollar price in Pakistan today, 2023, in the open market is approximately 240 PKR. However, this rate is subject to change due to various economic and political factors. It is essential to stay informed about the latest exchange rate developments to make informed decisions in your personal and business endeavors.
Remember to check with a reliable currency exchange source for the most up-to-date information on the 1 USD to PKR exchange rate.
