SBP Rate Archives

Keeping track of the Dollar Rate in Pakistan Today is crucial. This rate affects importers, exporters, and overseas Pakistanis. We provide an essential breakdown of the latest exchange rates. This includes both the US Dollar (USD) and the Canadian Dollar (CAD).

The Official Interbank USD Rate

The interbank rate is managed by the State Bank of Pakistan (SBP). It is the official rate for banking transactions. As of December 3, 2025, the interbank Dollar Rate in Pakistan Today is PKR 280.90. This rate is vital for formal financial reporting. It acts as the benchmark for currency valuation in the country.

H3: Understanding the Open Market Dynamics

The open market rate is different from the interbank rate. It reflects the cash-for-cash exchange trading. Today, the open market US dollar price is PKR 281.45. This rate is often slightly higher than the official rate. The difference is primarily due to demand, supply, and trading costs. Recent market activity showed a slight shift. The dollar rate moved from 280.90 to 280.40 during the session.

Canadian Dollar (CAD) Exchange Rate in Pakistan

Besides the US Dollar, the Canadian Dollar (CAD) is also important. Many expatriates send remittances from Canada. The current exchange rate for the Canadian Dollar is an important figure. In the open market, the CAD conversion stands between PKR 199.5 and PKR 205.0. This figure fluctuates based on international currency movements. Always compare this rate carefully for remittances.

Why Does the Rate Fluctuate?

The currency market is highly volatile. Global economic news can cause sudden changes. Local policies and political stability also impact the Dollar Rate in Pakistan Today. A lower bank exchange price is normal. Banks have different operating margins than open currency exchange dealers. Monitoring both rates helps in making better financial decisions. Stay updated on the daily shifts in the money market.

What is the Interbank Dollar Rate?

The interbank rate is the official rate. It is also called the State Bank of Pakistan (SBP) rate. Today, the interbank Dollar Rate in Pakistan is PKR 280.90. This rate was last updated on December 3, 2025. This is the rate banks use for large, official transactions. It serves as the baseline for all currency exchanges.

Understanding the Open Market Rate

The open market rate differs from the interbank rate. This is the price you get from currency exchangers. It reflects supply and demand in the local trading market. The open market Dollar Rate in Pakistan is often higher. Currently, the US dollar price in the open market is PKR 281.45. This difference is due to various market factors.

Recent Shifts in Dollar-PKR Exchange

The Pakistan Rupee (PKR) often sees daily fluctuations. During the most recent trading session, the rate shifted slightly. The dollar rate moved from PKR 280.90 to PKR 280.40. These minor movements are common in a volatile currency market. Traders and investors closely monitor these changes.

H3: Interbank vs. Open Market: The Key Difference

It is important to understand the exchange rate difference. The bank exchange rate is typically lower. This is always compared to the currency exchange or open market rate. For example, the open market might sell at PKR 281.45. Banks may offer a slightly reduced rate for official use. Always check both before making a transaction. This helps you get the best value for your dollars. Stay informed about the current Dollar Rate in Pakistan for smarter decisions.

SBP Rate

Dollar Rate in Pakistan Today: USD, CAD, and Open Market