Rates

USD to PKR Exchange Rate – Opening Market Update (March 21, 2025)

As the financial markets open today, here’s the latest update on the US Dollar (USD) to Pakistani Rupee (PKR) exchange rates across the interbank and open markets:

Interbank Market:

Buying Rate: PKR 280.25
Selling Rate: PKR 280.75

Open Market:

Buying Rate: PKR 280.80
Selling Rate: PKR 282.30

Note: Exchange rates may vary depending on location and the financial institution.

📊 Market Overview & Recent Trends

Over the last few sessions, the USD/PKR exchange rate has shown slight fluctuations but remained relatively stable overall. Here’s a look at the interbank closing rates from the previous days:

March 18: PKR 280.26
March 19: PKR 280.55
March 20: PKR 280.65

As of this morning, the rate opens at PKR 280.75, reflecting a minor uptick and suggesting cautious sentiment in the market.

🔍 Factors Driving the Exchange Rate

Several local and global elements are influencing the current exchange rate, including:

Foreign Exchange Reserves – Continued support from SBP has helped maintain PKR stability.
Inflation Control – Lower inflationary pressures are supporting the rupee’s value.
USD Strength Globally – A strong dollar internationally can impact local currency negatively.
Import/Export Flows – Pakistan’s trade imbalance continues to play a role in shaping USD demand.

🔮 Market Outlook

Experts forecast that USD/PKR may trade within a range of PKR 279.50 to PKR 281.50 in the coming days. Stable reserves and macroeconomic indicators could help keep the rupee range-bound unless external shocks occur.

✅ Recommendations

Importers: May consider locking in rates early to mitigate any upward dollar movement.
Exporters: Can benefit from slightly improved dollar rates but should stay alert to market reversals.
Investors & Traders: Keep an eye on international news, oil prices, and geopolitical developments.

Stay connected for the evening closing update and daily financial analysis.

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Hamza Shah