Rates

USD to PKR Exchange Rates – February 28, 2025

As the financial markets open today, here’s the latest update on the USD to PKR exchange rate in both interbank and open markets:

📌 Interbank Market:
🔹 Buying Rate: PKR 279.50
🔹 Selling Rate: PKR 279.70

📌 Open Market:
🔹 Buying Rate: PKR 279.90
🔹 Selling Rate: PKR 281.60

📊 Market Trend & Analysis:

The Pakistani Rupee (PKR) remains relatively stable against the US Dollar (USD) as the market opens. Compared to yesterday’s rates (February 27, 2025):

✔ Interbank Market:

Yesterday’s buying rate: PKR 279.55
Yesterday’s selling rate: PKR 280.05
Today’s slight dip in selling price may suggest minor adjustments in demand.

✔ Open Market:

Yesterday’s buying rate: PKR 279.40
Yesterday’s selling rate: PKR 281.10
Today’s increased rates indicate a possible rise in demand for USD in the open market.

📈 What’s Driving the Exchange Rate?

Several economic factors are influencing the USD to PKR rate:
✅ Stable Forex Reserves: SBP’s foreign exchange reserves remain steady, which is helping PKR maintain its level.
✅ Import Demand: Increased import payments could lead to higher demand for USD, putting pressure on PKR.
✅ Remittances: February’s remittance inflows have provided some support to the rupee, preventing sharp depreciation.
✅ Global USD Strength: The US Dollar Index (DXY) remains strong in international markets, impacting global currencies, including PKR.

🔮 Forecast for the Day:

📢 Analysts predict minor fluctuations throughout the day, with PKR likely to stay within the 279-282 range unless there’s unexpected demand for USD.

📉 If demand for USD rises, PKR may weaken slightly, possibly pushing the open market rate above 282 by closing time.
📈 If forex inflows improve, PKR might strengthen, keeping the exchange rate below 280 in interbank trading.

💡 Traders & investors should watch SBP updates, remittance inflows, and international trends for real-time impact.

🔔 Stay updated with the latest forex trends & exchange rates throughout the day with dailyforex.pk!
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Hamza Shah