USD to PKR is the currency pair that users can trade online. The United States Dollar to Pakistani rupee is a good combination of a strong and another being a weak currency respectively.
The fluctuating exchange rate of USD to PKR makes traders trade the currency and have favorable trading experience. The article discusses the two currencies and the fluctuation of the exchange rate of the currency pair.
So, let’s dive in and trade in the currency pair.
USD to PKR Exchange Rate
Today, May 2023, the exchange rate of USD to PKR is 295.650. The real time values of the currency pair can be clearly analyzed with the market data available. The bid and ask price of the pair is 295.200 and 296.100 respectively.
Its other aspects which are significant for a trader to understand the market value of the currency pair are as follows:
- Day’s Range: 295.650 – 295.650
- Type: Currency
- Group: Exotic currency pair
- Base currency: USD
- Quote currency: PKR
- Previous close: 295.650
- Bid price: 295.200
- Ask price: 295.100
- Open: 289.750
- % Change in year: 55.2%
As per the market data and analysis a trader gets a strong buy signal from the currency pair. Traders can buy USD to PKR and have successful trading. The currency pairs have been traded in the market for a long time. Many traders buy and sell USD/PKR in financial markets to make profits.
Here, we have the highest, average and lowest value of USD/PKR:
- Highest value: 295.63
- Lowest value: 255.69
- Average value: 220.21
Besides, the technical aspects of the USD to PKR suggest the following after analysis:
| Title | Sell | Buy | Action |
| Moving Average | – | 100% | Strong Buy |
| Momentum Oscillators | 14% | 86% | Strong Buy |
| Trend Oscillators | 33% | 67% | Buy |
| Volatility |
|
100% | Strong Buy |
Considering the data and market analysis it is suggested that traders go for buying of the currency pair for smooth trading and making money.
Historical Analysis of USD/PKR
Trading becomes fun when one is aware of the currency pair they trade. The forex market is highly volatile and in such trading conditions it is important to have analysis of the currencies. One can trade currencies through historical data to get technical analysis or price movements. Also, they can have other tools and research factors involved for informed trade decisions.
Here, we have the historical data that would support traders in making a comprehensive analysis of USD to PKR.
November Data
| Date | USD to PKR Value |
| 13 November 2022 | 220.21 |
| 14 November 2022 | 221.65 |
| 15 November 2022 | 221.80 |
| 16 November 2022 | 222.28 |
| 17 November 2022 | 222.54 |
| 18 November 2022 | 222.45 |
| 19 November 2022 | 222.44 |
| 20 November 2022 | 223.28 |
December Data
| Date | USD to PKR Value |
| 21 December 2022 | 225.95 |
| 22 December 2022 | 225.97 |
| 23 December 2022 | 225.50 |
| 24 December 2022 | 225.50 |
| 25 December 2022 | 226.01 |
| 26 December 2022 | 26.18 |
| 27 December 2022 | 226.46 |
| 28 December 2022 | 226.69 |
| 29 December 2022 | 226.59 |
| 30 December 2022 | 226.55 |
| 31 December 2022 | 226.55 |
January Data:
| Date | USD to PKR Value |
| 25 January 2023 | 231.16 |
| 26 January 2023 | 242.46 |
| 27 January 2023 | 262.88 |
| 28 January 2023 | 250.62 |
| 29 January 2023 | 253.05 |
| 30 January 2023 | 265.47 |
| 31 January 2023 | 268.03 |
April Data:
| Date | USD to PKR Value |
| 26 April 2023 | 281.42 |
| 27 April 2023 | 283.80 |
| 28 April 2023 | 283.70 |
| 29 April 2023 | 283.80 |
| 30 April 2023 | 283.69 |
With the historical study of the price analysis data of USD to PKR traders can get the following information:
- Price fluctuates continuously offering traders good market opportunities.
- One quote currency required to buy base currency went all time high in April to 283.80. This is as per the data discussed from November 2022 to April 2023.
- Traders can consider various tools and indicators along with a reputable platform for efficient trading of USD to PKR.
Conclusion
Readers can get a brief view of USD to PKR with the article. It has analyzed the currency pair with various technical tools. The value of USD to PKR is fluctuating as market volatility is high. Therefore, traders should first analyze the market, the economic situation of the countries and then go for forex trading of the currencies.
