USD to PKR: Dollar hits reverse gear against Pakistani rupee in interbank 

02:23 PM | 6 Feb, 2024
USD to PKR: Dollar hits reverse gear against Pakistani rupee in interbank 
Source: File Photo

KARACHI – High-flying dollar hits reverse gear against the Pakistani rupee as local currency continues its recovery against the greenback in inter-bank market.


On Tuesday, US dollar moved down by Rs0.20 in the interbank market, per rates by money exchangers.

With latest change, PKR was being traded at Rs279.20 in the early morning trade as market opened after long weekend.

Last week, US dollar hovered at Rs279.41 in the interbank market. 

Ahead of polls, experts emphasised that economic performance in the third quarter would shape the outlook for the final quarter and the entire fiscal year, expressing concern that the inflow of dollars fell short of market expectations.

Topline Securities reported a significant recovery in business confidence, rising to 54.5 in January 2024 from a recent low of 39.2 in September 2023.

The surge indicates an improvement in economic conditions, stability of the rupee against the US dollar, anticipation of declining inflation, and expectations of an interest rate reversal.

Daily Pakistan Global Web Desk


Pakistani rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 27 Feb 2024

Pakistani currency remains largely stable against US dollar in the open market on February 27, 2024 (Tuesday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.4 for buying and 282.3 for selling.

Euro currently stands at 303 for buying and 306 for selling while British Pound rate stands at 351.5 for buying, and 355 for selling.

UAE Dirham AED hovers at 76 whereas the Saudi Riyal saw slight increase, with new rates at 76.7.

Today’s currency exchange rates in Pakistan - 27 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.4 282.3
Euro EUR 303 306
UK Pound Sterling GBP 351.5 355
U.A.E Dirham AED 76 76.7
Saudi Riyal SAR 74.2 75
Australian Dollar AUD 181 183
Bahrain Dinar BHD 742.91 750.91
Canadian Dollar CAD 207 209
China Yuan CNY 38.82 39.22
Danish Krone DKK 40.56 40.96
Hong Kong Dollar HKD 35.7 36.05
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 905.46 914.46
Malaysian Ringgit MYR 58.49 59.09
New Zealand Dollar NZD 173.05 175.05
Norwegians Krone NOK 26.36
Omani Riyal OMR 725.54 733.54
Qatari Riyal QAR 76.74 77.44
Singapore Dollar SGD 207 209
Swedish Korona SEK 27.04 27.34
Swiss Franc CHF 317 319.5
Thai Bhat THB 7.76 7.91


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