Quick Facts
Introduction
Find the latest USD to PKR interbank and open-market rates reported for Pakistan on October 26, 2026, with a clear explanation of the difference.
The dollar rate in Pakistan is being closely watched after the State Bank’s policy-rate decision and the latest regional economic developments. On October 26, reported interbank figures placed the US dollar around Rs276.75 buying and Rs277.25 selling. Open-market quotes were higher, with selling rates around Rs280.05 in some published tables.
For related updates, explore Jobs, Scholarships, Government Schemes and Admissions for more information.
Rate Snapshot
- Interbank buying: approximately Rs276.75 per US dollar.
- Interbank selling: approximately Rs277.25.
- Open-market buying and selling can be higher and vary by exchange company.
- Rates are snapshots and may change during the trading day.
Interbank vs Open Market
The interbank market is used by banks and financial institutions for wholesale transactions. The open market is where exchange companies serve customers who buy or sell physical foreign currency. Because the two markets have different costs, liquidity and demand, their rates do not always match.
The rate displayed by one exchange company is not a promise that every branch will offer the same quote. Customers should confirm the final rate, fees, required identification and availability before completing a transaction.
What Moves the USD to PKR Rate?
- Foreign-exchange reserves and external financing.
- Oil and import payments, which increase demand for dollars.
- Remittances and export receipts, which bring foreign currency into Pakistan.
- Inflation, interest rates and investor confidence.
- Global dollar strength and regional risk.
Advice for Remittances and Travellers
Overseas Pakistanis and travellers should compare the total amount received rather than only the headline rate. A service with a slightly different quote may charge a lower fee. Use licensed exchange companies and keep receipts for larger transactions.
Frequently Asked Questions
What is the interbank dollar rate today?
Published October 26 figures showed approximately Rs276.75 buying and Rs277.25 selling, subject to market updates.
Why is the open-market rate different?
Exchange companies include cash-handling costs, liquidity conditions and their own margin, so their customer quote can differ from interbank rates.
Is the published rate guaranteed?
No. Confirm the live counter quote before exchanging money.
Conclusion
The rupee remained relatively stable in the October 26 snapshot, but the difference between interbank and open-market rates still matters for real transactions. Use published figures as a guide, then verify the final quote with a licensed provider.
Source: HamariWeb interbank-rate table.
Comments (0)
No Comments Found