What is the rate of US Dollar today in Pakistan?Ī. Overall, remittances increased to $23 billion in the first nine months of fiscal year 22, an increase of 7.1% over the same period last year. Remittances reached an all-time high of 2.8 billion in March. This was the highest rate of inflation since January 2021. Pakistan's annual inflation rate increase to 9.1% in Jun 2022 from 8.6% in the previous month. Figures from the PBS show that in April 2022, the merchandise trade deficit reached $-3,782 million against $ -3,024 billion over the corresponding month last year. The value of the USD fluctuates globally, but its impact on the PKR has been considerable due to rising import bills.
The value of the Pakistan Rupee against the US Dollar rate in Pakistan dropped by PKR 1 or 0.5 percent previous days. However the current dollar rate fluctuation in last month has marked 12.6 and 6.74%. Over the previous two decades, the dollar's value against the Pakistani rupee has risen dramatically. It is a worldwide currency utilised in international trade between Pakistan and other countries. The US dollar is one of the world's best-performing currencies. The Pakistani rupee closed at USD to PKR 250.00 on August 01, 2022, but during the first few hours of trading today, it has exceeded the startling milestone of 250. Some Major affecters or contributor in Pakistani economics are as follows. The Pakistani rupee has maintained its decline mainly due to the strengthening of the US dollar against other major world currencies over the last few days. However, Dollar rate in Pakistan fluctuates almost on daily basis. The US Dollar is often used in trade for international transactions as it is the world's leading reserve currency. The impact of the US Dollar to PKR rates is also significant from the US Dollar are still around 240-250 PKR. It is the authorized currency of the United States and is widely used in trade worldwide.
The US Dollar is recognized worldwide as an important currency. According to the federal finance ministry A year-on-year inflation rate of more than 20%, a drop in overseas reserves to 8.5 billion dollars, all of which contribute to significant upward pressure on domestic interest rates, as well as major fiscal consolidation in the works, were reported in the July monthly economic update. PKR to USD recent decline can now be linked to a variety of issues, including rising domestic political tensions, low foreign exchange reserves, and, as analysts have characterized it, speculative behavior on the part of stakeholders. However the current USD to PKR rate is 250. During the intraday trade, the rupee was trading at Rs 238 against the US dollar in the interbank market. With high import bills, diminishing foreign exchange reserves, and political turmoil, the Pakistani rupee experienced its worst month in almost 50 years, losing 14.5 percent against the US dollar. Why PKR Slide Against USD in July & Aug 2022? Monthly fluctuation during the last 30 days as follows for USD to PKR: High PKR 250 and Low PKR 205.9 in value, where buying was PKR 241 and Selling 246.00 The peak conversion exchange rate of US Dollar to PKR was PKR 250 and lowest PKR 237 conversion. Weekly performance of USD to PKR shows increased in value and Pakistani Rupee is down by PKR -16.00 or -6.957%.