The US Dollar (USD) to Pakistani Rupee (PKR) exchange rate is a crucial financial benchmark that significantly impacts Pakistan’s economy. This rate influences import and export costs, foreign investment, and remittances from overseas Pakistanis. As of October 3, 2024, one US Dollar is trading at approximately PKR 277.64.
Chart: USD To PKR Rate Today 3 October 2024
| Date | Rate (USD to PKR) |
|---|---|
| 3 October 2024 | 277.64 |
Disclaimer:
Exchange rates are dynamic and can change throughout the day. The rate provided above is an approximation based on the State Bank of Pakistan’s Mark-to-Market Revaluation Rate as of October 3, 2024. For real-time and precise rates, consult a financial institution or a reliable online currency converter.
Thoughts on USD to PKR Rates
The USD to PKR exchange rate is influenced by a multitude of factors, including:
- Economic conditions in both the US and Pakistan: Interest rate differentials, inflation rates, and economic growth prospects in both countries play a role.
- Political stability in Pakistan: Political uncertainty can lead to PKR depreciation.
- Balance of payments: A higher trade deficit (more imports than exports) can put downward pressure on the PKR.
- Foreign exchange reserves: Strong foreign currency reserves generally support the PKR.
- Speculation and market sentiment: Trader expectations and global events can also cause fluctuations.
It’s important to recognize that the USD to PKR rate has been experiencing volatility in recent times. Keeping track of economic indicators and political developments is advisable for individuals and businesses dealing with these currencies.
Other Popular Currency Rates in Pakistan
| Currency | Rate (1 Unit to PKR) |
|---|---|
| Saudi Riyal (SAR) | 74.03 |
| Euro (EUR) | 327 (approx.) |
| British Pound (GBP) | 374 (approx.) |
| UAE Dirham (AED) | 82.50 (approx.) |
| Kuwaiti Dinar (KWD) | 985 (approx.) |
| Japanese Yen (JPY) | 2.05 (approx.) |
| Chinese Yuan (CNY) | 41.50 (approx.) |
| Indian Rupee (INR) | 3.50 (approx.) |
| Canadian Dollar (CAD) | 223 (approx.) |
| Australian Dollar (AUD) | 196 (approx.) |
Conclusion
The USD to PKR exchange rate is a significant economic indicator for Pakistan. Understanding its fluctuations and the underlying factors that drive them is essential for informed financial decision-making. By staying updated on market trends and economic news, individuals and businesses can better navigate the complexities of currency exchange.
