The Pakistani Rupee (PKR) opened the new month with a steady performance against the US Dollar (USD), as the forex market begins May 2025 with cautious optimism. While international markets remain active, Pakistan’s domestic trading may remain muted due to the Labour Day public holiday.
💱 Interbank USD to PKR Opening Rates (May 1, 2025):
- Buying Rate: PKR 279.10
- Selling Rate: PKR 279.35
The interbank market opened flat compared to yesterday’s close, with minimal overnight movement and limited trading activity expected today due to the holiday.
💸 Open Market USD to PKR Opening Rates (May 1, 2025):
- Buying Rate: PKR 281.00
- Selling Rate: PKR 282.80
Open market rates remain stable, with exchange dealers reporting low activity due to reduced commercial transactions and limited customer flow during the national holiday.
📊 Forex Market Overview – May 1, 2025
- The Rupee is holding steady against the Dollar amid quiet market conditions.
- Trading volumes are expected to stay low throughout the day.
- Most financial institutions and currency exchange outlets are observing reduced hours due to Labour Day.
🔍 Key Factors to Watch This Week
While today’s activity is subdued, traders are looking ahead to:
- US economic data releases, including key inflation figures.
- Updates on Pakistan’s external financing talks.
- Oil and commodity price trends that could influence currency flows.
🔮 Outlook for Early May
The PKR is likely to maintain its current levels unless impacted by external shocks. As the new month begins, focus will shift toward macroeconomic performance, fiscal policy updates, and global market sentiment.
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