On March 23, 2025, the exchange rate for the US Dollar (USD) against the Pakistani Rupee (PKR) in the open market was recorded at a buying rate of Rs 279.84, while the selling rate stood at Rs 282.04.
These figures indicate the value at which individuals and businesses in Pakistan could trade their PKR for the US Dollar on this specific date.
Compared to the previous day, the US Dollar showed minor fluctuations, as the buying rate on March 22 was Rs 279.92, while the selling rate was Rs 282.06. Such daily variations in the PKR to US Dollar exchange rate are influenced by multiple factors, including foreign exchange reserves, import and export balances, and macroeconomic indicators.
The exchange rates for March 23, 2025, were updated at 8:00 AM Pakistan Standard Time (PST). It is crucial to understand that these rates are subject to change throughout the day, depending on market demand, international trade activities, and geopolitical developments affecting currency valuations.
The buying rate of the US Dollar reflects the price at which banks or exchange companies purchase USD from customers, while the selling rate represents the price at which they provide USD to individuals or businesses. The PKR to US Dollar parity is determined by open market forces, including shifts in global financial trends and investor confidence in the economy.
The exchange rate between the US Dollar and PKR is also affected by key economic factors such as inflation, interest rates, and remittance inflows. Since March 23, 2025, is an important date in Pakistan, financial analysts and market participants closely monitor currency trends to assess future movements.
With the US Dollar being a dominant global currency used for trade, investments, and remittances, tracking daily exchange rates is essential for individuals and businesses dealing in foreign currency transactions. Keeping an eye on PKR to US Dollar fluctuations enables market participants to make informed financial decisions in a dynamic economic landscape.