The current US Dollar rate for 26 Jan 2023 is 247.55 Rs. as per Open Market Value and State Bank of Pakistan.
Due to the involvement of different factors in the country’s economy, the value of the Rupee and Dollar deviates from time to time.
Foreign and Bank Change rates may also differ from the actual market value, and Currency Exchange rates are also not as same as the interbank market value. This value is set up by the currency exchange dealers, IMF and Interbank.
Our US Dollar rates update from time to time, providing you with the utmost and the latest information regarding the price and giving you the best experience. Not only the US Dollar, but our page will also give you a description of rates of Dirhams, British Pounds, Euro, Saudi Riyal and the major trading currencies.
The Price of the US Dollar is dependent upon its supply in the market. The US Dollar is one of the toughest currencies in the world and is internationally used for trading. The stronger the value of our Local Currency against the Dollar, the stronger will be our economy and country.
The Pakistani Rupee has forever been a very unstable currency, it has greatly impacted our economy and foreign exports. Pakistan’s Political Instability and Involvement have led to the Pakistani Rupee’s downfall and deficit.
On the other hand, terrorism and extremists activities have also pulled out the foreign investments, this not only results in devaluing our coin and economy but also destroys employment, minimum wage and business opportunities. Many countries like Zimbabwe, Lebanon and Venezuela ended up having nothing left in their hands, where just 1 USD makes Millions in the local currency.
Currently, Pakistan is for taking every possible step to make the currency stable, avoiding unnecessary debts and utilizing local currency for trade and commerce.