USD TO PKR INTERBANK RATE: Monday’s interbank trading, the value of the Pakistani rupee (PKR) increased by 12 paisas in relation to the US dollar, finishing at PKR281.28 from PKR PKR281.4 a day earlier.
OPEN MARKET RATES: Exchange companies quoted the dollar at 281 for buying and 283 for selling in the open market. PKR in the previous session closed at 280 for buying and 282.8 for selling. The change reflects an depreciation of Pakistani Rupee against the US Dollar in the open market.
The upward momentum of the PKR against the US dollar suggests a positive sentiment among market participants. Investors and businesses alike will be watching these currency trends closely as they can have implications for trade, investments, and overall economic stability.
PKR AGAINST MAJOR CURRENCIES
PKR depreciated 21.2 paisa in relation to the Euro, closing at 307.56 from 307.34 in the previous value, when compared to major currencies.
In comparison to the previous day’s closing price of 356.67, the British Pound gained 58.57 paisas, closing at 357.26.
After closing at 330.53 from 330.42 in the previous session, the Swiss franc saw gains of 11.74 paisa.
After losing 0.49 paisa against the Japanese yen, PKR ended the day at 1.9455 instead of 1.9406 the previous day.
At 39.27 versus 39.29 at the end of the previous session, the Chinese Yuan lost 1.71 paisa.
After closing at 75.03 a day earlier, the Saudi Riyal lost 3.06 paisa.
A day ago, the value of the U.A.E. Dirham was 76.59; today, it is 76.62, a decrease of 3.13 payza.
