The Pakistani Rupee (PKR) closed in an upward trajectory against the US Dollar this week, appreciating by 60 paisa to settle at PKR 278.14 per USD. This marks a notable improvement compared to the previous week’s closing rate of PKR 278.74 per USD. A day earlier!
PKR INTERBANK EXCHANGE RATES ON MARCH 22, 2024
| Country (Symbol) | Rate |
|---|---|
| United States (USD) | 278.14 |
| Eurozone (EUR) | 301.03 |
| United Kingdom (GBP) | 350.65 |
| Japan (JPY) | 1.8372 |
| United Arab Emirates (AED) | 75.74 |
| Saudi Arabia (SAR) | 74.16 |
| Australia (AUD) | 181.24 |
| Canada (CAD) | 204.91 |
INTERBANK SESSION PERFORMANCE
In today’s interbank session on Thursday alone, the PKR demonstrated strength by gaining 25.57 paisa against the US dollar settle at PKR 278.14 per USD. The currency witnessed an intraday high (bid) of 278.6 and a low (ask) of 278.35, reflecting the dynamic nature of currency trading.
Interbank closing #ExchangeRate for todayhttps://t.co/GvF3vX5dAj#SBPExchangeRate pic.twitter.com/iJ2KkETG44
— SBP (@StateBank_Pak) March 22, 2024
OPEN MARKET RATES
In the open market, exchange companies quoted the dollar at PKR 278.24 for buying and PKR 280.86 for selling. These rates provide insights into the exchange dynamics beyond the formal banking channels, capturing the sentiments and preferences of retail traders and businesses.
