The State Bank of Pakistan (SBP) has released the latest interbank exchange rate for PKR/USD as of 23 September 2024. The exchange rate shows a slight depreciation of 0.01% compared to the last trading day on 20 September 2024.
Key Exchange Rate Details:
- PKR/USD Rate on 23 September 2024: 277.87
- PKR/USD Rate on 20 September 2024: 277.84
- Depreciation: -0.01%
This marginal decrease indicates a slight depreciation in the value of the Pakistani Rupee (PKR) against the US Dollar (USD), meaning more Rupees are required to purchase one USD compared to the previous rate.
Note: The Pakistani Rupee appreciates when fewer Rupees are needed to buy one USD and depreciates when more Rupees are required.