Islamabad — The Pakistani rupee (PKR) extended its historic winning streak against the US Dollar (USD) on Monday, closing in green for the 60th consecutive trading day in the interbank market.
The local currency settled at PKR 280.31 per dollar, registering a gain of one paisa compared to the previous session. The sustained appreciation reflects continued stability in the foreign exchange market and improved sentiment around Pakistan’s external sector management.
Despite its strength against the dollar, the rupee faced pressure against several other major international currencies during the day’s trading session.
Performance Against Major Currencies
The PKR closed lower against the Euro (EUR) and British Pound (GBP), reflecting global currency movements. Losses were also recorded against the Malaysian Ringgit (MYR), Chinese Yuan (CNY), and Canadian Dollar (CAD).
Notably, the rupee depreciated by 223 paisas against the Canadian Dollar, marking one of the largest single-currency losses of the session.
In the Gulf region currencies, the rupee ended marginally lower against both the UAE Dirham (AED) and the Saudi Riyal (SAR) in interbank trading.
Exchange Rate Snapshot (Interbank)
- USD: PKR 280.20 (▲ 0.11)
- EUR: PKR 329.48 (▼ 0.39)
- GBP: PKR 375.40 (▼ 0.60)
- AUD: PKR 186.12 (▲ 0.72)
- CAD: PKR 203.47 (▼ 2.23)
- AED: PKR 76.32 (▼ 0.005)
- SAR: PKR 74.71 (▼ 0.017)
Market analysts note that while the rupee’s continued appreciation against the US Dollar is a positive indicator, fluctuations against other currencies remain influenced by global market trends and cross-currency movements.
