USD to PKR Exchange Rate (March 1, 2025)
Exchange rates on March 1, 2025 – In Pakistan, the US dollar’s value differs slightly between the official interbank rate and the open market rate. As of this date (with Feb 28, 2025 being the last trading day before March 1), the Pakistani rupee was valued around ₨279–280 per USD in the interbank market, and about ₨280–282 per USD in the open market. Key rates were as follows:
- Interbank (official rate): Approximately ₨279.5–279.7 per US$1 (closing rate on Feb 28, 2025). This rate, published by the State Bank of Pakistan, reflects the price banks charge each other for USD and is around ₨279.5 buying and ₨279.7 selling per dollar at the close of February 28. In other words, 1 USD ≈ ₨279.6 at the official interbank closing rate.
- Open Market (cash rate): Approximately ₨279.1 (buying) and ₨281.3 (selling) per US$1. These rates are provided by the Forex Association of Pakistan for currency exchange companies (as of Feb 28, 2025). It means if you were exchanging cash, 1 USD would cost about ₨281.3, while you might get around ₨279.1 if selling 1 USD. Some sources on March 1 reported the open-market dollar around the ₨280–281 level, essentially mirroring the interbank close.
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Recent Trend and Changes
The rupee’s value against the dollar had been relatively stable in late February 2025, with only minor day-to-day changes. For instance, in the last week of February the USD/PKR rate hovered in the high ₨279s, reaching a peak of about ₨280.97 on Feb 28 and a low around ₨279.4 a few days earlier
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- Daily fluctuations were very small (on the order of 0.03–0.5%), indicating a period of stability
- Over the month of February 2025, the rupee traded in a range roughly between ₨275 and ₨283 per USD
- This shows some volatility but no drastic swings during that month.
Zooming out, however, the trend over the past 30 days (up to March 1) was a gradual depreciation of the PKR. The dollar’s value rose by about ₨10.9 in the last month which is roughly a 3.7% increase in USD/PKR (meaning the rupee lost about 3.7% of its value in one month). For example, around the start of February 2025 the interbank rate was closer to ₨268–270 per USD, compared to ~₨279–280 by the start of March. This continuing upward drift in USD/PKR reflects pressure on the rupee, though the pace of depreciation in early 2025 has been relatively moderate compared to 2024.
Outlook and Forecasts
Short-term forecasts around early March 2025 suggested that the exchange rate would remain in the same ballpark, with only modest changes. One analysis projected the dollar hovering around ₨279–280 in the coming weeks. Similarly, an exchange rate outlook from late February indicated the USD/PKR rate would stay roughly stable near ₨279 through the first half of 2025, with a typical fluctuation band between about ₨275 and ₨283. In other words, little change was expected in the immediate term, barring any major economic developments.
Looking further ahead, the consensus among many analysts was for a gradual weakening of the rupee over time, albeit not a free-fall. For instance, a research report (Topline Research) cited in November 2024 anticipated the rupee would stabilize around ₨277–282 per USD by June 2025 – essentially the same range as early March – thanks to improving economic fundamentals (better external accounts, lower inflation, and IMF support). By the middle of 2026, however, the rupee was expected to depreciate further to around ₨295–300 per USD.
Other forecasts likewise predict a mild downward trend: for example, Trading Economics’ models forecast the rate at roughly ₨281–282 in one year from early 2025, and another analysis estimates an average rate of about ₨282.7 for 2025 (within a possible range of ~₨280–285).
In summary, as of March 1, 2025, 1 US dollar is roughly ₨280 in Pakistan, with the interbank and open-market rates both around that level. The recent trend has been a slight decline of the rupee (a few percent in the past month), but in late February it steadied in the high ₨270s. Forecasts generally expect the rupee to remain near current levels in the short term, and then gradually weaken over the longer term, assuming current economic conditions persist. All available data and official indicators at this point highlight a period of relative stability for the PKR, with cautious expectations of where the exchange rate is headed next.
Sources: Official exchange data (State Bank of Pakistan / Forex Association via Business Recorder)
brecorder.com, financial news and analysis, hamariweb.com, profit.pakistantoday.com.pk, and currency trackers (Wise, XTransfer), wise.com, xtransfer.com for trends and forecasts.
