PKR is the currency abbreviation of Pakistani rupee. The Pakistani rupee is made up of 100 paise. It is often referred to as rupees. The currency rate in Pakistan is depreciating against us dollar. Why does the current world situation not affect the U.S. dollar while it is having a more significant impact on Pakistan rupee? U.S. to PKR exchange rate is RS 168.40 in the currency rate today. There is a trading difference from the previous day in the U.S. dollar to PAKISTAN rupee has increased PKR 0.10 or 0.059% on 30 June trading in currency conversion in an open market. USD to PKR buying rate is Rs 167.6, and selling Rate is Rs 168.40 on 30 June 2020.
The U.S. dollar rate is always considered necessary not only in Pakistan but also in other countries. The U.S. dollar is recognized worldwide as a valuable currency. The importance of U.S. dollars in Pakistan as the PKR rate from the U.S. dollars is still more than RS 160. U.S. dollars are also very common in international transactions, as it is the world’s largest reserve currency. The current rupee value against U.S. dollars changes every day, due to various reasons that affect our country.
USD TO PKR RATE CHART
Reasons why the Pakistani rupee falling against the U.S. dollars:
1-Crude Oil Prices
Pakistan falls short of effective plans that will show a difference in the country’s economic situation. On the other hand, the U.S. takes up ingenious plans to cope with the current business strategies.
2-The difference in Interest Rates.
The Pakistan Economy works is very different from the U.S. economy. The interest rated set by the RBI against the fixed US-Pakistan currency has led to significant attrition for companies who are globally present.
3-World Economic Slow down.
The world economic slowdown is one major factor contributing to both the stock markets and the Pakistan currency falls.