In today’s financial update, the official Interbank exchange rate set by the State Bank of Pakistan reveals that 1 USD is now equivalent to PKR 287.87. However, it’s crucial to note that the buying and selling rates differ between the interbank and open market scenarios.
As of November 15, 2023, the open market rates are set at PKR 287.50 for buying and PKR 290.00 for selling, indicating a dynamic currency environment.
Interbank Performance:
The USD to PKR rate experienced a slight increase of PKR 0.32 or 0.111% in the interbank exchange, reaching PKR 287.87. This signifies a nuanced trading landscape, showcasing the resilience of the US Dollar against the Pakistani Rupee.
Open Market Highlights:
- Weekly Performance (15 Nov 23):
- Buying: PKR 287.50
- Selling: PKR 290.00
- Change: Decrease of PKR -0.37 or -0.129%
- Peak and Lowest Conversion:
- Peak: PKR 287.87
- Lowest: PKR 286.39
Monthly Fluctuations:
Over the past 30 days, the USD to PKR exchange rate witnessed noteworthy fluctuations:
- High: PKR 287.87
- Low: PKR 276.83
- Buying: PKR 287.37
- Selling: PKR 287.87
Historical Interbank Rates:
A glance at the last ten days reveals a consistent trend in the interbank rates:
| DATE | BUYING | SELLING |
|---|---|---|
| Today | 287.37 | 287.87 |
| 15 Nov, 23 | 287.37 | 287.87 |
| 14 Nov, 23 | 287.05 | 287.55 |
| 13 Nov, 23 | 286.53 | 287.03 |
| 12 Nov, 23 | 286.53 | 287.03 |
| 11 Nov, 23 | 286.53 | 287.03 |
| 10 Nov, 23 | 286.90 | 287.50 |
| 09 Nov, 23 | 286.40 | 286.90 |
| 08 Nov, 23 | 285.89 | 286.39 |
| 07 Nov, 23 | 284.79 | 285.29 |
Stay informed with these updates to navigate the evolving landscape of USD to PKR exchange rates. Whether you’re a trader or an observer, understanding these trends is key to making informed financial decisions.
