Rates

USD to PKR Exchange Rate – Opening Market Report (May 23, 2025)

The Pakistani Rupee (PKR) opened Friday’s trading session on a stable footing against the US Dollar (USD), as the market prepares to close the week with cautious optimism. With the federal budget approaching and external financing talks ongoing, currency traders remain watchful, but the PKR continues to perform within a tight and controlled range.

💱 Interbank USD to PKR Opening Rates (May 23, 2025):

Buying Rate: PKR 279.90
Selling Rate: PKR 280.15

The interbank market opened with minimal movement compared to the previous session. Dollar inflows through remittances and export proceeds continue to support market stability.

💸 Open Market USD to PKR Opening Rates (May 23, 2025):

Buying Rate: PKR 282.10
Selling Rate: PKR 283.90

The open market also opened steady, with dealers reporting routine demand from travelers and small-scale importers. Dollar supply is sufficient, and no unusual activity has been observed so far.

📊 Forex Market Overview – May 23, 2025

The rupee is trading in a calm and predictable range, supported by a positive trade outlook and consistent foreign inflows.
Traders are awaiting signals related to the upcoming national budget, particularly regarding tax reforms, subsidy changes, and fiscal deficit management.
Internationally, the US Dollar Index is flat, helping maintain equilibrium across emerging market currencies.

🔍 Key Drivers to Watch Today

Any policy statements from the Ministry of Finance or the State Bank of Pakistan.
Developments in IMF program discussions and external financing strategies.
Global commodity prices, especially crude oil, which can impact import bills and dollar demand.

🔮 PKR Outlook for Today

The Pakistani Rupee is expected to remain range-bound with a stable bias, as market flows appear balanced and no immediate external shocks are on the horizon. Market participants are likely to hold steady positions going into the weekend.

Stay Updated With Daily Forex Pakistan.

Yasher Rizwan