Welcome back to dailyforex.pk! It’s Thursday, December 4, 2025, and the US Dollar (USD) is showing continued stability against the Pakistani Rupee (PKR). Understanding the difference between the Interbank and Open Market rates—and the buying/selling margins—is crucial for your financial planning.
Here is your essential daily market update and analysis using the latest provided rates.
📊 Today’s Official Exchange Rate Data (December 4, 2025)
The latest data shows a minimal change in the Rupee’s value, reflecting tight control and moderate demand in the official channels.
| Market Segment | USD Buying Rate (PKR) | USD Selling Rate (PKR) | Spread (PKR) |
| Open Market | 281.40 | 283.25 | 1.85 |
| Interbank | 280.30 | 280.80 | 0.50 |
🔍 Detailed Rate Analysis for December 4, 2025
1. Interbank Market: The Official Benchmark
- Buying Rate (280.30 PKR) / Selling Rate (280.80 PKR): The Interbank market, which governs large-scale official trade and banking transfers, remains tightly controlled. The spread of just 0.50 PKR is very narrow, indicating healthy liquidity among banks and consistent regulatory oversight by the State Bank of Pakistan (SBP).
- Significance: Stable Interbank rates are a good indicator of Pakistan’s manageable current account position and the steady flow of official foreign exchange.
2. Open Market: Cash & Consumer Rates
- Buying Rate (281.40 PKR): This is the rate a money exchanger pays you when you sell them USD cash (i.e., you receive PKR).
- Selling Rate (283.25 PKR): This is the rate you pay when you buy USD cash from an exchange company (i.e., you pay PKR).
- The Spread (1.85 PKR): The margin is slightly wider than the Interbank, which is standard, as it accounts for operational costs and risk associated with handling physical cash. A spread of 1.85 PKR is reasonable and suggests that the Open Market is functioning effectively without major signs of dollar hoarding or extreme scarcity.
3. Market Gap Analysis
- The difference between the Open Market Selling Rate (283.25 PKR) and the Interbank Selling Rate (280.80 PKR) is 2.45 PKR.
- What this means: While the gap is present, it is not excessively wide. The SBP’s strict regulations and actions against illegal forex transactions continue to keep this gap manageable, ensuring that the Open Market premium for physical USD cash does not skyrocket.
📈 Key Market Drivers Today
- Remittance Inflows: We are approaching the mid-month, and steady remittance flows from Overseas Pakistanis remain a crucial factor in meeting the retail demand for the Rupee, stabilizing the Open Market.
- IMF Compliance: Continued adherence to the structural benchmarks set by the International Monetary Fund (IMF) and other multilateral lenders boosts market confidence, which is reflected in the steady Interbank rate.
- Oil & Commodity Prices: Global energy and commodity price stability is directly linked to the Rupee’s stability, as Pakistan relies heavily on USD to pay for these imports.
💡 Guidance for Transactions
- For Exporters/Remittance Recipients: You will be receiving PKR at a rate around 280.30 PKR (Interbank) to 281.40 PKR (Open Market). These rates are favorable for maximizing your Rupee returns.
- For Travelers/Importers: Plan your purchases using the Open Market Selling Rate of 283.25 PKR.
Disclaimer: The rates provided above are based on data for December 4, 2025, and are indicative only. Please confirm the live rate with your bank or money exchanger before conducting any transaction.