Pakistan Dollar Rate Today: USD to PKR Open Market and Interbank Exchange Rates

What is the dollar rate in Pakistan today?

As of November 4, 2026, one US dollar sells for Rs 279.50 in Pakistan’s open market, while dealers purchase it at Rs 277.25. The State Bank of Pakistan’s interbank rate stands at Rs 276.70, placing the open market selling rate Rs 2.80 above the interbank level.

How many Pakistani rupees is 100 USD today?

Selling 100 USD in the open market yields approximately Rs 27,725 at the dealer buying rate. At the interbank rate, the same amount equals Rs 27,670. Individual banks and exchange companies may offer slightly different quotes.

What is the NBP dollar rate today?

According to the National Bank of Pakistan’s rate sheet dated November 5, 2026, the bank sells USD at Rs 277.10 and buys at Rs 276.60 for telegraphic transfers (TT). For cash notes, the selling rate is Rs 278.49 and the buying rate is Rs 275.49. This morning-published sheet applies to transactions up to USD 5,000.

What is the difference between the interbank and open market rate?

The interbank rate is the exchange rate at which banks trade foreign currency with one another, with the State Bank of Pakistan publishing its official closing rate each working day. The open market rate applies to cash transactions through licensed exchange companies, which quote a buying rate (what they pay you) and a selling rate (what you pay them). Open market selling rates typically exceed interbank rates by a small margin.

Who sets the dollar rate in Pakistan?

No single authority fixes the rate. Since 2019, Pakistan has operated a market-based exchange rate system in which banks determine the interbank rate through trading, while exchange companies establish their own cash rates. The State Bank of Pakistan publishes official closing rates and may intervene to curb excessive volatility.

Which rate do I get when money is sent to me from abroad?

Inward remittances sent via a bank or authorized app are converted at the provider’s buying rate, which generally aligns closely with the interbank rate. Providers may apply fees or retain a margin within the rate, so it is important to verify the final rupee amount that will be credited.

What is the ECAP rate?

ECAP, the Exchange Companies Association of Pakistan, releases daily open market closing buying and selling rates for major currencies—including the US dollar, euro, pound, yen, dirham, and riyal—at the end of each working day. The State Bank of Pakistan publishes this sheet on its website, where it is displayed as the open market closing rate.

When are the rates updated?

Open market dealer rates fluctuate throughout the day, generally from around 10:00 AM Pakistan time, and are monitored every 15 minutes. The State Bank of Pakistan publishes interbank and customer rates once each working day in the afternoon, while ECAP releases its closing rate in the evening. International currency markets update every few minutes. Banks and the State Bank do not publish rates on weekends or public holidays.

Where can I find the dollar rate on a past date?

Use the historical rate tool on this page to select any date and view that day’s interbank and open market rates. For weekends and public holidays, the tool displays the rate from the most recent preceding working day.

Will the dollar rate go up or down?

Exchange rate movements cannot be predicted with certainty, and no reliable currency forecast is provided here. The rate is influenced by Pakistan’s import and export activity, remittance inflows, debt obligations, and State Bank foreign exchange reserves. Monitor daily rates and market updates on this page to track directional trends.

Will I get exactly this rate at an exchange company?

Not necessarily. The rates listed here serve as benchmarks, reflecting State Bank publications and open market rates reported by dealers and ECAP. Individual banks and exchange companies set their own counter rates, which may vary based on transaction amount, location, and time of day.

Source link