| Product / Item | Brand | Variant / Model | Unit | Price |
|---|---|---|---|---|
| USD interbank bid, 23 Oct 2026 | USD | interbank closing | PKR per 1 USD | Rs. 276.82 |
| USD interbank offer, 23 Oct 2026 | USD | interbank closing | PKR per 1 USD | Rs. 277.02 |
| USD open-market buying quote (dealer buys USD) | USD | cash desk | PKR per 1 USD | Rs. 277.5 |
| USD open-market selling quote (dealer sells USD) | USD | cash desk | PKR per 1 USD | Rs. 277.85 |
The USD to PKR exchange rate tells you how many Pakistani rupees correspond to one US dollar. There is no single rate that applies identically to every transaction: the State Bank of Pakistan (SBP) publishes interbank reference information and weighted-average customer buying and selling rates, while exchange companies and bank counters can quote different cash or transfer prices. SBP’s economic-data page listed its latest daily exchange-rate entries dated 23 October 2026 when checked for this article. Always use the rate appropriate to your actual transaction.
Interbank, open-market and customer rates
A financial news headline that gives one USD/PKR number may be reporting a market reference rather than the price available at a cash exchange counter. Banks and exchange companies quote buying and selling prices from their own perspectives. A shop buying your US dollars pays you the buying rate; a shop selling dollars to you charges the selling rate.
| Quoted rate | What it represents | What to verify |
|---|---|---|
| SBP market or revaluation reference | Official market-based benchmark for a stated date | Source, rate type and date |
| Bank customer buy rate | Amount a bank pays for the customer’s currency | Cash or transfer basis and fees |
| Bank customer sell rate | Amount a bank charges to provide currency | Service charges and transaction limits |
| Open-market exchange quote | Exchange-company retail quotation | Authorized outlet, branch and timestamp |
How to convert US dollars to Pakistani rupees
Multiply the amount of dollars by the correct quoted PKR-per-USD rate. For example, if a bank actually offers Rs. 278 for each USD sold to it, USD 100 would yield Rs. 27,800 before any applicable service charges. The Rs. 278 figure is illustrative arithmetic, not a verified October 2026 banking quotation. Reversing the transaction may require a different selling rate.
If you need dollars for travel, education or a commercial payment, ask whether the quoted amount includes foreign-exchange spread, bank fees, applicable taxes or international transfer charges. The visible conversion rate alone may not equal the total amount debited from your account.
Why the dollar rate moves
Currency demand, supply in foreign-exchange markets, international payments, trade flows, remittances and wider economic conditions influence the PKR value of the dollar. These factors do not prove how the exchange rate will move tomorrow. Be cautious about websites describing an old quote as a live rate or guaranteeing near-term gains.
The State Bank publishes several daily foreign-exchange datasets. They must not be mixed without labels: a mark-to-market revaluation rate is not necessarily the same as a bank’s weighted-average buying or selling price or a cash exchange counter’s retail quotation.
Where to verify the USD/PKR price
Start with the State Bank of Pakistan economic-data portal. Choose the correct daily weighted-average customer exchange-rate or open-market publication and read its observation date. For a particular transaction, obtain a current written or screen-displayed quote from the authorised bank or currency dealer.
If the deal involves online payments or a remittance, you may receive a different conversion rate from the payment provider. Compare the final PKR received or paid rather than an advertised market rate alone. A quoted price with no source, transaction type or timestamp is not sufficiently informative for financial decisions.
How to avoid misleading exchange-rate comparisons
- Check whether the figure is interbank, open-market, bank customer or remittance pricing.
- Check the date and local time of the quote.
- Separate the buying rate from the selling rate.
- Compare final credited or debited rupees after any disclosed fees.
- Verify the identity and authorization of the exchange provider.
Frequently asked questions
Does USD to PKR mean the bank will pay me that exact figure?
Not necessarily. An online quote can be a market benchmark. The bank’s customer buy rate, and any charges, determine the transaction amount.
Why are buying and selling rates different?
Currency providers typically quote different bid and offer rates. The difference is often called the spread.
What happens to the rate on weekends?
Official banking markets may not publish a new weekday-style fixing when closed. A site showing the previous business day should label that date rather than implying a new observation.