ISLAMABAD: During the initial hours of Monday’s trading, the Pakistani rupee appreciated by 0.12 percent against the US dollar rates in the interbank market.
During intra-day trading, around 11 a.m., the rupee was quoted at 268.95, an increase of Re0.33.
In the inter-bank market, the rupee closed at Rs269.28, up 2.71 percent from its previous week’s close against the US dollar.
The recent exchange rate correction following the end of the dollar peg is to blame for the rise. Because they think the rupee has a fair value, exporters are also selling their dollars on the market. In the context of the exchange rate’s free-floating, illegal market inflows were diverted toward official channels.
Furthermore, market participants anticipated the continuation of the bailout package because the IMF team was in Pakistan. The ninth review of Pakistan’s economy is still incomplete, so the program is stuck. Even though the IMF team didn’t sign a staff level agreement when they left, Finance Minister Ishaq Dar said that the Memorandum of Economic and Financial Policies (MEFP) had been received.
On Monday, ahead of a crucial consumer price report the following day, rising bets for prolonged Federal Reserve policy tightening kept the US dollar close to a five-week high against major peers worldwide.
The dollar index, which compares the dollar to six other currencies, including the yen, euro, and sterling, gained 0.068% to 103.65, remaining close to the highest level since January 6 on Tuesday, which was 103.96.
After rising by 2% in the previous session, oil prices, a key indicator of currency parity, decreased on Monday as investors focused on short-term demand concerns related to crucial upcoming US inflation data and refinery maintenance in Asia and the US.
While the other Currency Rates are as under :
Today currency rate in Pakistan according to international currencies as of 12th February 2023. The latest prices of USD to PKR, EUR to PKR, GBP to PKR, AUD to PKR are given at this page. These currency prices are provided by open market currency exchange dealers, and currency rates in Pakistan are updated four times every day to keep them fresh and relevant for users.
Current Currency Rate in Pakistan |
||
| Currency | Buying | Selling |
|---|---|---|
| Australian Dollar (AUD) | 184.50 PKR | 186.90 PKR |
| Bahrain Dinar (BHD) | 734.58 PKR | 742.58 PKR |
| British Pound (GBP) | 325.80 PKR | 326.50 PKR |
| Canadian Dollar (CAD) | 206.00 PKR | 208.20 PKR |
| Chinese Yuan (CNY) | 40.68 PKR | 41.08 PKR |
| Danish Krone (DKK) | 39.85 PKR | 40.25 PKR |
| Euro (EUR) | 288.93 PKR | 289.53 PKR |
| Hong Kong Dollar (HKD) | 35.19 PKR | 35.54 PKR |
| Indian Rupee (INR) | 3.34 PKR | 3.45 PKR |
| Japanese Yen (JPY) | 2.06 PKR | 2.11 PKR |
| Kuwaiti Dinar (KWD) | 903.36 PKR | 912.36 PKR |
| Malaysian Ringgit (MYR) | 64.25 PKR | 64.85 PKR |
| New Zealand Dollar (NZD) | 174.33 PKR | 176.33 PKR |
| Norwegians Krone (NOK) | 26.81 PKR | 27.11 PKR |
| Omani Riyal (OMR) | 718.24 PKR | 726.24 PKR |
| Qatari Riyal (QAR) | 75.88 PKR | 76.58 PKR |
| Saudi Riyal (SAR) | 71.60 PKR | 71.90 PKR |
| Singapore Dollar (SGD) | 208.40 PKR | 210.40 PKR |
| Swedish Krona (SEK) | 26.10 PKR | 26.40 PKR |
| Swiss Franc (CHF) | 300.25 PKR | 302.75 PKR |
| Thai Bhat (THB) | 8.25 PKR | 8.40 PKR |
| U.S. Dollar (USD) | 269.03 PKR | 269.53 PKR |
| UAE Dirham (AED) | 73.16 PKR | 73.46 PKR |
20 thoughts on “Current Dollar Position And Currency Rates”
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