Dollar to PKR Today Rate In Pakistan

by | Sep 24, 2023 | Currency | 0 comments

This blog post will provide you with the most up-to-date information on the current exchange rate of the US Dollar to the Pakistani Rupee. We’ll examine what impacts the exchange rate and how you can take advantage of it to maximize your profits. So, let’s get started and take a look at the live currency exchange rate of the Dollar to PKR!


Today Dollar to PKR rate Live

Get real-time dollar to PKR exchange rate in Pakistan with our easy to use online currency converter. Stay updated with the current market trends and make smart financial decisions. Perfect for travelers, business or personal use, our accurate and reliable information ensures you always have the most up to date rate. Whether you’re sending money, paying bills or planning your next trip, our dollar to PKR rate today will help you save time and money.

The current rate of exchange for the United States Dollar (USD) to the Pakistani Rupee (PKR) is 227.17. This means that one US dollar is equal to 227.17 Pakistani Rupees. This rate has been relatively stable over the past few months, with a slight fluctuation in recent weeks due to the weakening of the Pakistani economy.

The exchange rate between the two currencies has an important effect on the economy of Pakistan. For example, if the Dollar to PKR rate is high, it means that Pakistanis will have more purchasing power when purchasing goods and services abroad. On the other hand, if the rate is low, they will have less purchasing power in foreign markets.

It is also important to note that this rate can fluctuate depending on various factors such as political or economic conditions in Pakistan and the United States, as well as other international events. Therefore, it is important for individuals who are planning to make payments in either currency to keep an eye on the exchange rate to ensure that their transactions are done at the most favorable rate.

How the Rate has Changed Over Time

The Dollar to PKR rate has seen significant fluctuations since its establishment in 1947. 1 USD to PKR in 1947 stood at 3.31 Pakistani rupees to one US dollar, however, this changed over the years as a result of several factors.

Throughout the 1970s and 1980s, the rate was largely stable and fluctuated between 4.76 to 11.22 PKR for one USD, with occasional devaluations in response to currency speculations and other economic factors. In 1991, following the Gulf War, the rate was devalued to about 28.97 PKR for one USD, which reflected the impact of sanctions against Iraq, Saudi Arabia, and other Arab countries, which had caused an influx of dollars into Pakistan’s economy.

Year Low High Avg
1947 3.31 3.31 13.33
1948 3.31 3.31 13.33
1949 3.31 3.31 9.27
1950 3.31 3.31 9.27
1951 3.31 3.31 9.27
1952 3.31 3.31 9.27
1953 3.31 3.31 9.27
1954 3.31 3.31 9.27
1955 3.91 3.91 13.34
1956 4.76 4.76 13.34
1957 4.76 4.76 13.34
1958 4.76 4.76 13.34
1959 4.76 4.76 13.34
1960 4.76 4.76 13.37
1961 4.76 4.76 13.34
1962 4.76 4.76 13.37
1963 4.76 4.76 13.34
1964 4.76 4.76 13.29
1965 4.76 4.76 13.32
1966 4.76 4.76 13.31
1967 4.76 4.76 12.38
1968 4.76 4.76 11.41
1969 4.76 4.76 11.34
1970 4.76 4.76 11.40
1971 4.76 4.76 11.78
1972 8.68 8.68 21.62
1973 9.99 9.99 24.45
1974 9.99 9.99 22.79
1975 9.99 9.99 22.02
1976 9.99 9.99 17.83
1977 9.99 9.99 17.88
1978 9.99 9.99 19.31
1979 9.99 9.99 19.94
1980 9.80 11.22 24.07
1981 9.76 13.27 23.36
1982 11.73 14.17 22.42
1983 12.90 15.59 21.27
1984 13.24 16.47 19.73
1985 12.69 17.61 19.15
1986 13.80 16.73 22.06
1987 14.28 17.40 25.90
1988 17.99 21.57 35.04
1989 19.87 23.59 34.95
1990 18.60 21.91 36.32
1991 23.04 28.97 46.20
1992 23.06 27.86 44.61
1993 27.35 30.58 43.19
1994 26.55 30.90 44.22
1995 28.68 31.85 47.55
1996 35.99 38.32 60.05
1997 40.94 49.10 74.63
1998 41.04 46.48 73.74
1999 48.99 57.67 87.01
2000 51.61 61.07 85.52
2001 58.51 67.24 91.99
2002 57.63 62.85 90.85
2003 54.94 61.33 96.13
2004 55.22 61.16 108.79
2005 58.58 60.22 108.25
2006 59.74 60.96 111.72
2007 59.94 61.57 122.33
2008 61.81 82.57 129.75
2009 76.16 84.61 124.56
2010 83.61 87.78 129.95
2011 84.21 90.07 138.23
2012 89.94 98.10 148.73
2013 97.25 108.60 161.98
2014 96.06 105.68 165.80
2015 100.53 105.57 156.40
2016 104.11 105.24 141.50
2017 104.07 110.77 138.02
2018 110.07 140.25 164.12
2019 138.02 162.90 191.33
2020 153.80 168.37 203.45
2021 152.00 179.34 225.63
2022 173.66 229.46 251.90
2023 227.13 228.43 227.25
Data Chart Showing US Dollar to PKR From 1947 to 2023

Since then, the rate has been relatively stable but saw some short-term fluctuations due to various international events and market forces. The rate today stands at around 228 PKR for one USD and is largely influenced by macroeconomic factors such as inflation, government policy, and global trade conditions. This makes it important for citizens and businesses to monitor the rate regularly to make informed decisions about investments and spending.

How the rate Affects Pakistan

The rate of exchange between the US Dollar and the Pakistani Rupee (PKR) is an important factor in the economic health of Pakistan. A higher dollar to PKR rate means that it is more expensive for Pakistanis to buy goods and services from abroad, which can lead to a decrease in foreign investments and exports. On the other hand, a lower rate may benefit exporters as they can sell their goods and services abroad at a cheaper price.

The Dollar to PKR rate also has an effect on the money supply in Pakistan. When the dollar is strong, foreign investors are able to buy Pakistani rupees, which increases the money supply. This in turn boosts economic growth and helps bring about job creation. On the flip side, when the dollar weakens, the rupee strengthens and the money supply decreases, which can slow economic growth and have an adverse effect on job creation.

The Dollar to PKR rate can also influence the costs of imported goods and services in Pakistan. If the rate is low, it can make imports cheaper, which is beneficial for consumers and businesses alike. However, if the rate is high, it can make imports more expensive, which could lead to higher prices for consumers and decreased profit margins for businesses.

Overall, the Dollar to PKR rate affects Pakistan in many ways, both positively and negatively. It’s important to keep a close eye on this rate as it can have a significant impact on the economy.

How the rate Affects Pakistanis living Abroad

The dollar to PKR rate is an important factor for those living abroad and sending money back home. A strong PKR helps make remittances cheaper, while a weak PKR results in more expensive remittances. The weaker the PKR, the fewer funds can be sent home, as more of the money gets lost in the exchange.

For instance, if a Pakistani living abroad is sending $500 back home and the rate is 227 PKR per dollar, they would be sending 113,500 PKR. However, if the rate drops to 200 PKR per dollar, the same amount of money would only be worth 100,000 PKR. This can have a significant impact on families relying on remittances from family members abroad.

When the PKR is strong, it also makes it easier for Pakistanis living abroad to invest in their homeland. A stronger currency allows them to purchase property or start businesses in Pakistan with much less of a financial burden.

Overall, the dollar to PKR rate can have a major impact on the lives of Pakistanis living abroad. A strong PKR can mean greater economic opportunity for both Pakistanis abroad and those living in Pakistan.

What factors affect the Dollar to PKR rate

The dollar to PKR rate is affected by several different factors. The most important of these are the interest rate differentials between the US and Pakistan, the strength of the US dollar, global economic conditions, geopolitical tensions, and supply and demand for the US dollar in Pakistan.

Interest rate differentials:

The difference in interest rates between the two countries will influence the exchange rate. When the interest rates in the US are higher than those in Pakistan, investors are likely to buy US dollars in order to take advantage of the higher returns. This causes an appreciation of the US dollar against the PKR.

Strength of the US dollar:

The US dollar is one of the strongest currencies in the world and its strength has an impact on all other currencies. When the US dollar is strong, it becomes more expensive to buy foreign currencies and thus, leads to a weaker PKR.

Global economic conditions:

The global economy has a major impact on the currency market. In times of global recession, the demand for foreign currencies declines, causing a depreciation of their value. This can lead to a weaker PKR relative to other currencies.

Geopolitical tensions:

Unstable political conditions in Pakistan or its neighboring countries can lead to fluctuations in the exchange rate. For instance, if there is tension between India and Pakistan then investors may sell off their Pakistani assets and convert their money into a stronger currency such as the US dollar. This would cause a depreciation of the PKR against the USD.

Supply and demand for the US dollar in Pakistan:

The demand for the US dollar in Pakistan depends on how much foreign trade is being conducted with US partners. If the demand for US dollars is high, it can lead to an appreciation of the US dollar relative to the PKR. Conversely, if there is less demand for US dollars, it can cause a depreciation of the US dollar relative to the PKR.

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