The Pakistani Rupee (PKR) has appreciated 6 paisa against the US dollar on Friday, February 9, 2024, with the State Bank of Pakistan (SBP) Interbank Exchange Rate improving to 279.28 PKR from the previous rate of 279.34 PKR per USD.
The Pakistani Rupee (PKR) has marked its 13th consecutive week of upward momentum, showcasing remarkable resilience and strength in the financial markets. This week, the PKR appreciated by 12.88 paisa, closing at an impressive PKR 279.28 against the US Dollar (USD), compared to last week’s finish at PKR 279.41 per USD.
Interbank closing #ExchangeRate for today https://t.co/EwRbEl1cyn#SBPExchangeRate pic.twitter.com/JZ6FTru2Ty
— SBP (@StateBank_Pak) February 9, 2024
The financial markets have responded positively to the political developments following the recent elections in Pakistan. Despite some uncertainty caused by delays in the election results, the PKR’s strength against the Dollar continues unabated.
THE PKR’S TENACIOUS ADVANCE: A TEN-WEEK CHRONICLE OF VICTORY: 2024 TRENDS AND FORECASTS
PKR INTERBANK EXCHANGE RATES
Latest insights on the Pakistani Rupee (PKR) with the most recent Interbank Exchange Rates for mark-to-market revaluation, as provided by the State Bank of Pakistan (SBP).
PKR INTERBANK EXCHANGE RATES ON FEBRUARY 9, 2024
| Currency | Rate |
|---|---|
| USD | 279.2804 |
| EUR | 300.8687 |
| GBP | 352.3261 |
| JPY | 1.8695 |
| AED | 76.0381 |
| SAR | 74.4708 |
PKR OPEN MARKET EXCHANGE RATES
The Pakistani Rupee (PKR) has shown varying levels of strength against a basket of major currencies. Here’s a closer look at the buying and selling rates as reported by ECAP:
PKR OPEN MARKET EXCHANGE RATES ON FEBRUARY 9, 2024
| Currency | Buying | Selling |
|---|---|---|
| USD | 278.89 | 281.00 |
| EUR | 299.27 | 302.00 |
| GBP | 350.83 | 353.96 |
| JPY | 1.84 | 1.87 |
| AED | 76.12 | 76.82 |
| SAR | 74.18 | 74.85 |
USD TO PKR
The cornerstone of global finance, the USD, has a buying rate of 278.89 PKR and a selling rate of 281.00 PKR. The US Dollar’s performance is a key indicator of Pakistan’s economic interactions with the global market, affecting everything from import costs to foreign debt repayments.
CONCLUSION
Keeping abreast of the latest PKR exchange rates is vital for anyone involved in financial transactions that cross Pakistani borders. The data provided by State Bank of Pakistan (SBP) as of February 9, 2024, serves as a critical tool for economic stakeholders, enabling them to navigate the complexities of the global financial landscape.
As the Pakistani Rupee continues to interact with major global currencies, staying informed will remain a key strategy for economic success.
