Dollar Rate in Pakistan.
Dollar Dance in Pakistan: Rupee Holds Steady with a Slight Uptrend
The currency market in Pakistan saw a measured movement today, with the US Dollar experiencing a minor rise against the Pakistani Rupee. Here’s a breakdown:
Current Snapshot:
- Interbank Rate: 1 USD = PKR 280.10, up 0.20 or 0.071% from yesterday.
- Open Market: Buying Rate – PKR 279.30, Selling Rate – PKR 281.30 (rates may vary slightly between exchange bureaus).
Weekly Trend:
- USD/PKR has seen a marginal upward trend this week, remaining unchanged at 0.0%.
- High: PKR 280.3, Low: PKR 279.9.
Monthly Fluctuations:
- Over the past 30 days, the Dollar has exhibited slightly wider fluctuations.
- High: PKR 282.53, Low: PKR 279.9.
- Buying Rate Range: PKR 279.6 – 279.90, Selling Rate Range: PKR 280.10 – 280.36.
What Does This Mean?
- The Pakistani Rupee has maintained its ground against the US Dollar despite a slight dip earlier in the week.
- Volatility remains low, indicating a relatively stable currency market.
- Investors and businesses can stay optimistic about predictable exchange rates in the near future.
Stay Informed:
Keep an eye on the forex market for any significant changes. Remember, these rates are subject to daily fluctuations, and actual conversion rates may vary depending on the exchange platform used.
Let’s rewind and take a closer look at the USD to PKR interbank rates over the past week, revealing a subtle waltz between the two currencies:
| Date | Buying Rate | Selling Rate |
|---|---|---|
| Today (Jan 24th) | PKR 279.60 | PKR 280.10 |
| Jan 23rd | PKR 279.60 | PKR 280.10 |
| Jan 22nd | PKR 279.40 | PKR 279.90 |
| Jan 21st | PKR 279.40 | PKR 279.90 |
| Jan 20th | PKR 279.40 | PKR 279.90 |
| Jan 19th | PKR 279.48 | PKR 279.98 |
| Jan 18th | PKR 279.60 | PKR 280.10 |
This nuanced interplay offers a glimpse into the current financial landscape, providing both investors and traders with valuable insights.
The stability of the Rupee is encouraging, holding its ground against the Dollar despite minor fluctuations.
These subtle shifts paint a picture of a relatively predictable currency market, offering a sense of optimism for the near future.
However, staying informed and monitoring the forex market remains crucial for anyone navigating the financial scene.
Note: The information above might not be accepted 100%. Please verify from your own sources. We will not be responsible for any kind of loss due to our content.
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