Rates

USD to PKR Exchange Rate – Opening Market Report (June 23, 2025)

The Pakistani Rupee (PKR) opened today’s trading session under mild pressure against the US Dollar (USD). Early interbank activity indicates a softer Rupee, while open-market figures show cautious demand from importers and currency traders. Markets are keeping a close eye on domestic forex reserves and any signals from the State Bank of Pakistan (SBP).

💱 Interbank USD to PKR Opening Rates (June 23, 2025):

Buying Rate: PKR 280.05
Selling Rate: PKR 280.65
Source: Daily Ausaf interbank update pakobserver.com.pk+3forex.pk+3hamariweb.com+3 hamariweb.com+4dailyausaf.com+4dailyausaf.com+4

💵 Open Market USD to PKR Opening Rates (June 23, 2025):

Buying Rate: PKR 280.65
Selling Rate: PKR 282.15
Source: Daily Ausaf open-market data dailyausaf.com+1dailyausaf.com+1

📈 Morning Market Analysis:

Interbank Stability: A tight spread of just PKR 0.60 in formal channels suggests minimal early volatility and limited market-reactivity.
Open Market Premium: A wider PKR 1.50 spread highlights sustained USD demand in informal sectors—possibly led by import requirements or liquidity constraints.
Watchpoints: Traders will closely monitor any SBP communications, updates on forex reserves, and global trends like oil prices or US Fed signals.
Expected Trading Range: Without major headlines, expect PKR to trade in a PKR 280.0–283.0 corridor across both interbank and open-market segments.

📰 Stay tuned to www.dailyforex.pk throughout the day for live rate trackers, expert commentary, and this evening’s Closing Market Report.