USD to PKR Rate
Last updated: Monday, June 22, 2026
Quick Conversion (USD to PKR)
Why Does the Dollar Rate Fluctuate?
The US Dollar (USD) to Pakistani Rupee (PKR) exchange rate is one of the most closely watched financial metrics in Pakistan. Since Pakistan relies heavily on imports (such as petroleum, machinery, and raw materials), the strength of the dollar directly impacts local inflation and the cost of living.
Frequently Asked Questions
What is the difference between Interbank and Open Market dollar rate in Pakistan?
The Interbank rate is the official rate used by banks for imports, exports, and corporate transactions. The Open Market rate is the cash rate offered by exchange companies to regular citizens for buying or selling physical dollar bills.
Can I buy dollars at the Interbank rate?
No, ordinary citizens cannot buy physical dollars at the Interbank rate. It is strictly for bank-to-bank trades, large corporate payments, and credit card transactions.
When does the State Bank of Pakistan update the USD to PKR rate?
The State Bank of Pakistan (SBP) typically updates the official closing interbank exchange rate once a day, usually in the late afternoon (around 3:00 PM to 4:00 PM PKT) on working days.
Why is the Open Market rate usually higher?
The Open Market rate is driven purely by local cash supply and demand. Exchange companies also include their profit margins and handling costs for physical currency, making it slightly higher than the electronic interbank rate.