The Pakistani Rupee (PKR) has appreciated against the US dollar on Wednesday, February 07, 2024, with the State Bank of Pakistan (SBP) Interbank Exchange Rate improving to 279.34 PKR from the previous rate of 279.42 PKR per USD.
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:
Exchange Companies Association of Pakistan (ECAP) Open Market Closing Exchange Rates as on February 7, 2024 Currency Buying Selling USD 278.87 281.05 EUR 299.18 301.95 GBP 350.89 354.01 JPY 1.85 1.89 AED 76.14 76.85 SAR 74.19 74.85
USD TO PKR
The cornerstone of global finance, the USD, has a buying rate of 278.87 PKR and a selling rate of 281.05 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.
Interbank closing #ExchangeRate for todayhttps://t.co/35iQpaOTev#SBPExchangeRate pic.twitter.com/YtDsKSZBZS
— SBP (@StateBank_Pak) February 7, 2024
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 ECAP as of February 7, 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.
