What is the difference between interbank and open market rates?

The interbank rate applies to banks and official remittance channels, while the open market rate comes from money changers.

Is it suitable for remittance calculations?

Yes, for estimating. Your bank will apply its own rate on the day of the transfer.

Can I use it offline?

Yes. The calculation runs in your browser, so it works without any network request.

Home / Tools / PKR / USD Converter

Convert PKR to USD and USD to PKR

Manual exchange rate · Enter the current USD/PKR rate from your bank or exchange provider; this tool does not fetch live rates.

Enter an amount and the exchange rate to convert between Pakistani Rupees and US Dollars.

Amount 1 USD = ? PKR Convert +formatted:'Pakistani Rupees: Rs '+formatted); }

Rates change every day. Always confirm the current rate with your bank or exchange before acting on a number.

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How to use this converter

Pakistan has two widely quoted dollar rates: the interbank rate, used by banks and official remittance channels, and the open market rate, quoted by money changers. They differ slightly and both move every day, so this converter asks you to type the rate rather than showing one that may be out of date.

Typical uses include checking how much a monthly remittance is worth, working out the cost of an online purchase billed in dollars, estimating freelance income in Rupees, or converting a visa or tuition fee.

If you are sending money through a bank, the final amount depends on the rate at the moment your transfer is processed, plus any service charges. Treat the figure here as a close estimate rather than a final amount.

Bank rate, open market and interbank

The interbank rate is used for transactions between banks. Customers may receive a different rate from their bank, while exchange companies quote open-market rates. This converter does not select any of these rates automatically: enter the exact USD/PKR rate you want to use, then confirm the final amount and fees with your provider.

Why the rupee moves

The rupee's value depends on how much foreign currency comes in through exports, remittances and investment compared with how much goes out for imports and repayments. Strong inflows help the rupee, higher demand for dollars weakens it. That is why the rate changes during the day, and why an old rate should never be reused.

Sending or receiving money

For remittances, look at the exchange rate and the transfer fee together, because a slightly better rate with a high fee can end up costing more. On small amounts the difference is a few hundred rupees; on large amounts it can be thousands, so compare two or three providers before sending.

How to use the PKR / USD Converter

Type the amount and pick PKR to USD or USD to PKR.
Press Convert to get the result using the rate you entered.
Choose the other direction from the Convert menu to reverse the calculation.

Example

$100 at Rs 280 = Rs 28,000.

Frequently asked questions

Does this show the live dollar rate?

No. Enter the USD/PKR rate from your bank or exchange provider. The tool does not fetch live rates.

Is it the same as the open market rate?

No, the open market and bank rates differ by a small margin.

Can I convert other currencies?

PKR and USD are the main pair; more pairs can be added on request.

Is my amount saved?

No. Everything runs in your browser and nothing is stored.

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