Rates

USD to PKR Exchange Rate – Opening Market Report (May 21, 2025)

The Pakistani Rupee (PKR) opened Wednesday’s forex session on a stable note against the US Dollar (USD), as the market continues to trade cautiously ahead of the federal budget announcement and ongoing discussions with the IMF. With no major overnight volatility, the currency market is expected to remain range-bound during early trading hours.

💱 Interbank USD to PKR Opening Rates (May 21, 2025):

Buying Rate: PKR 279.80
Selling Rate: PKR 280.05

The interbank market began the session with minimal movement, reflecting a balanced flow of foreign exchange and low importer pressure at the start of the day.

💸 Open Market USD to PKR Opening Rates (May 21, 2025):

Buying Rate: PKR 281.90
Selling Rate: PKR 283.70

The open market also opened steady, with exchange dealers reporting routine demand from travelers, students, and retail buyers. USD availability remains stable.

📊 Forex Market Overview – May 21, 2025

The rupee continues to trade within a narrow range, supported by remittance inflows and controlled import activity.
Investors are waiting for clarity on budgetary policy, particularly regarding taxation, external borrowing, and inflation management.
Global markets remain calm, with the US Dollar Index showing no significant change, allowing emerging currencies to breathe.

🔍 Key Factors to Watch Today

Updates from the Ministry of Finance or State Bank of Pakistan on fiscal or monetary direction.
Global oil price fluctuations, which influence Pakistan’s trade and import bills.
Progress on IMF funding and structural reforms.

🔮 PKR Outlook for the Day

The Pakistani Rupee is likely to remain range-bound, with a neutral to slightly positive outlook. Market sentiment is steady, with no major triggers expected during the session unless global or political developments occur.

Stay Updated with Daily Forex Pakistan.

Hamza Shah