In the ever-fluctuating world of currency exchange, the USD to PKR rates in Pakistan continue to draw attention. As of December 4, 2023, the interbank market showcases a USD to PKR rate of Rs. 284.97, with a marginal dip of Rs. 0.20 from the previous closing on Friday. Meanwhile, the open market sees a trading rate of Rs. 286.50.
Interbank vs. Open Market Rates:
It’s noteworthy that incoming remittances are credited to customers’ accounts based on the interbank rate, whereas outward transactions incur charges at open market rates. Banks typically charge customers using open market rates for buying foreign currency and sell it at interbank rates.
Detailed Exchange Rate Comparison:
Here is a detailed breakdown of the USD to PKR exchange rates over the past few days, indicating fluctuations in the market:
| Date | Exchange Rate (PKR) | Change (PKR) |
|---|---|---|
| 4 December 2023 | Rs. 284.97 | 0.00 |
| 1 December 2023 | Rs. 284.97 | – |
| 30 November 2023 | Rs. 285.17 | -0.20 |
| 29 November 2023 | Rs. 285.39 | -0.22 |
| 28 November 2023 | Rs. 285.52 | -0.13 |
| 27 November 2023 | Rs. 285.64 | -0.12 |
| 24 November 2023 | Rs. 285.37 | +0.27 |
| 23 November 2023 | Rs. 285.27 | +0.10 |
As the market experiences subtle shifts in the USD to PKR exchange rates, individuals and businesses alike should stay informed about these changes for effective financial planning. The State Bank of Pakistan continues to be a reliable source for the latest updates in the realm of currency exchange.
