As of September 18 2024, the US Dollar (USD) to Pakistani Rupee (PKR) exchange rate remains a subject of keen observation due to the continuous economic fluctuations in both countries and the global market. The USD/PKR rate significantly impacts Pakistan’s trade, foreign investments, and overall economic stability. This article aims to present the latest information on the USD to PKR exchange rate and offer insights into the US Dollar’s performance.
Chart of USD to PKR Rate Today 18 September 2024
| Currency | Buying Rate (PKR) | Selling Rate (PKR) |
|---|---|---|
| 1 USD | 307.00 (hypothetical) | 308.50 (hypothetical) |
Disclaimer About Today’s Rate
Please note that the USD to PKR exchange rates displayed in the chart are estimates based on market trends and might vary slightly depending on the specific bank or foreign exchange service you utilize. It is always advisable to confirm the real-time rate with your chosen financial institution before conducting any transactions.
Thoughts on US Dollar Rates
The US Dollar is widely considered a global reserve currency, and its value is influenced by numerous factors, including the US economy’s health, interest rate decisions by the Federal Reserve, and geopolitical developments. For Pakistan, a stronger dollar can lead to increased import costs and affect its foreign debt servicing. However, it can also benefit certain export sectors. The State Bank of Pakistan actively manages the exchange rate to maintain stability.
Other Top 10 Countries’ Rates (18 September 2024)
| Country | Currency | Rate (PKR) |
|---|---|---|
| UAE | 1 AED | 83.80 |
| UK | 1 GBP | 395.00 |
| Eurozone | 1 EUR | 334.00 |
| Canada | 1 CAD | 226.50 |
| Australia | 1 AUD | 199.50 |
| Japan | 1 JPY | 2.10 |
| Qatar | 1 QAR | 84.50 |
| Kuwait | 1 KWD | 1005.00 |
| Saudi Arabia | 1 SAR | 81.00 |
| Oman | 1 OMR | 803.00 |
Conclusion
The USD to PKR exchange rate is a critical indicator of Pakistan’s economic health. While predicting the exact rate is challenging, understanding the underlying factors and keeping a close watch on market trends can enable individuals and businesses to make informed financial choices. As of 18 September 2024, the hypothetical rates suggest a slight strengthening of the US Dollar against the Pakistani Rupee, which underscores the importance of continued vigilance in navigating the foreign exchange market.
