As the financial markets open today, here’s the latest update on the US Dollar (USD) to Pakistani Rupee (PKR) exchange rates in both the interbank and open markets:
Interbank Market:
- Buying Rate: PKR 279.60
- Selling Rate: PKR 279.80
Open Market:
- Buying Rate: PKR 280.00
- Selling Rate: PKR 281.50exchangerates.org.uk+1poundf.co.uk+1
Please note that exchange rates can vary based on location and the financial institution involved in the transaction.
📊 Market Overview & Recent Trends
Over the past week, the USD/PKR exchange rate has exhibited relative stability, with minor fluctuations:
- February 28, 2025: USD reached a high of PKR 280.97.
- March 3, 2025: USD dipped to a low of PKR 278.79. wise.com
As of today, March 7, 2025, the exchange rate stands at approximately PKR 279.70 per USD, indicating a slight appreciation of the PKR compared to the previous day.
🔍 Key Factors Influencing the Exchange Rate
Several domestic and international factors are influencing the current USD/PKR exchange rate:
- Foreign Exchange Reserves: The State Bank of Pakistan (SBP) has reported stable foreign exchange reserves, providing support to the PKR.
- Inflation Rates: Moderate inflation levels in Pakistan have contributed to maintaining the PKR’s purchasing power.
- Global Economic Conditions: The strength of the US Dollar in international markets impacts emerging market currencies, including the PKR.
- Trade Balance: Pakistan’s export performance and import bills play a crucial role in determining the demand and supply dynamics of the USD in the local market.
🔮 Forecast for the Coming Days
Analysts anticipate that the PKR will continue to exhibit stability against the USD in the short term. Forecasts for March 2025 suggest that the USD/PKR exchange rate will fluctuate between a high of PKR 284 and a low of PKR 276, with an average rate of PKR 280. The month is expected to close with the USD at PKR 280, indicating minimal change. longforecast.com
💡 Recommendations for Stakeholders
- Importers: Consider securing USD at current rates to hedge against potential currency appreciation.
- Exporters: Monitor the exchange rate closely to capitalize on favorable movements.
- Investors: Stay informed about global economic indicators that could influence currency markets.
Please note that exchange rates are subject to market fluctuations influenced by various economic factors. For the most current rates, consult official financial institutions or trusted forex platforms.
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