1 Dollar Rate in Pakistan Today Open Market
Updated Exchange Rate
As of today, the 1 dollar rate in Pakistan's open market is:
1 USD = 157.50 PKR
This exchange rate is subject to change constantly due to various economic factors, including inflation, trade deficits, and global market fluctuations.
Open Market Rate vs. Interbank Rate
It's essential to understand the difference between the open market rate and the interbank rate. The open market rate is the exchange rate at which the general public can buy or sell currencies, whereas the interbank rate is the rate at which banks trade currencies with each other.
Factors Affecting the Exchange Rate
Several factors can influence the 1 dollar rate in Pakistan's open market, including:
- Inflation: High inflation rates in Pakistan can lead to a depreciation of the Pakistani rupee against the US dollar.
- Trade Deficit: A high trade deficit, which means importing more goods than exporting, can put pressure on the rupee and cause its value to drop.
- Global Market Fluctuations: Changes in global oil prices, political instability, and economic uncertainty can affect the value of the US dollar and, subsequently, the exchange rate in Pakistan.
Daily Exchange Rate Fluctuations
The exchange rate in Pakistan's open market can fluctuate daily due to various market forces. Here's a snapshot of the daily exchange rate fluctuations:
| Date | 1 USD = PKR |
|---|---|
| Yesterday | 157.20 |
| Today | 157.50 |
| Last Week | 156.80 |
| Last Month | 155.50 |
Key Takeaways
- The 1 dollar rate in Pakistan's open market is currently 157.50 PKR.
- The exchange rate can fluctuate daily due to various economic factors.
- Understanding the open market rate and interbank rate is crucial for individuals and businesses involved in foreign exchange transactions.
Stay informed about the latest exchange rates and economic trends to make informed decisions about your investments and transactions.
