Today, the Pakistani rupee remains steady against the US dollar, trading at approximately PKR 284.7 per USD. This slight movement follows recent weeks of moderate gains, with the rupee improving from above PKR 285 to its current level—a welcome sign for importers and consumers.
The exchange rate opened near PKR 284.6 and remained in a tight range before closing around PKR 284.7, showing little change from yesterday. Experts say this stability comes amid ongoing efforts to manage foreign exchange reserves and improve economic conditions.
Over the past six months, the dollar-to-rupee rate has fluctuated between PKR 278 and PKR 293. Its current value is near the mid-point of that range, reflecting a relatively calm period following recent economic reforms. Key factors influencing the rate include lending decisions by the State Bank, import trends, and flows from workers abroad sending remittances.
For the average person, this rate means that converting USD 100 today would cost about PKR 28,470, while someone selling PKR 10,000 could receive nearly USD 35.5 in return.
Looking ahead, the rupee’s stability may change based on global market shifts, local currency interventions, and the arrival of remittances. For now, the rate offers a brief moment of calm in a currency market known for its swings. Keep an eye on economic reports and central bank statements to understand how the exchange rate may evolve.