The Pakistani Rupee (PKR) saw a slight decrease, losing 0.06 paisa against the US dollar during Wednesday’s interbank trading session. The trading day ended with the Rupee at 279.32 per USD, a slight reduction from its previous close of 279.31 per USD.
The electoral verdict has ushered in a phase of heightened political uncertainty, which, according to Bloomberg, dims the prospects of economic growth and complicates the nation’s efforts to secure crucial financial assistance from the International Monetary Fund (IMF). This assistance is deemed vital for Pakistan to stave off a potential default.
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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 14, 2024
| Currency | Rate |
|---|---|
| USD | 279.32 |
| EUR | 298.91 |
| GBP | 350.46 |
| JPY | 1.8554 |
| AED | 76.05 |
| SAR | 74.478 |
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 14, 2024
| Currency | Buying | Selling |
|---|---|---|
| USD | 279.14 | 281.59 |
| EUR | 298.41 | 301.17 |
| GBP | 350.55 | 353.72 |
| JPY | 1.83 | 1.86 |
| AED | 76.05 | 76.75 |
| SAR | 74.27 | 74.95 |
USD TO PKR
The cornerstone of global finance, the USD, has a buying rate of 279.14 PKR and a selling rate of 281.59 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.
