Search

x
Join our whatsapp channel for News Updates

US dollar drops to six-month low against Pakistani rupee

10:32 AM | 9 Oct, 2023
US dollar drops to six-month low against Pakistani rupee
Source: File Photo

KARACHI – The Pakistani rupee continued its recovery on Monday as the dollar has dropped to six-month low in interbank market. 

Data shared by the State Bank of Pakistan (SBP) showed that the local currency appreciated by Rs1.04 as the greenback closed at Rs281.65 as compared to Friday’s Rs282.69.

The rupee posted consecutive 23 recovery sessions (+9.0%, PKR 25.4) against dollar since Sep 5, 2023. This is the highest number of consecutive positive sessions against the dollar.

In interbank market, the greenback depreciated by Rs1 to close at Rs280.50. 

The free fall of the dollar started after the government launched a crackdown on dollars’ smuggling and hoarding. The operation has full support from the military leadership, who has vowed to curb spectrum of illegal activities to rid of economic losses.

Lately, Pakistani rupee emerged as world's top-performing currency against USD, with staggering appreciation of nearly 10 percent.

Daily Pakistan Global Web Desk

Advertisement

Pakistani rupee rate against US Dollar, Euro, Pound, Riyal - Check 14 April forex rates

Pakistani currency remains unchanged against US dollar and other currencies in open market on April 14, 2024.

US Dollar rate in Pakistan

On Sunday, the US dollar was being quoted at 277.5 for buying and 280.5 for selling.

Euro was quoted at 299.95 for buying and 302.9 for selling while British Pound stands at 349.5 for buying, and 353 for selling.

UAE Dirham AED was at 75.45 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 14 April 2024

Source: Forex Association of Pakistan. (last update 08:00 AM)
Currency Symbol Buying Selling
US Dollar USD 277.5 280.5
Euro EUR 299.95 302.9
UK Pound Sterling GBP 349.5 353
U.A.E Dirham AED 75.45
 
76.2
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 182.7 184.5
Bahrain Dinar BHD 739.38 747.38
Canadian Dollar CAD 204 206.2
China Yuan CNY 38.45 38.85
Danish Krone DKK 40.45 40.85
Hong Kong Dollar HKD 35.57 35.92
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86
 
1.94
Kuwaiti Dinar KWD 903.91 912.91
Malaysian Ringgit MYR 58.92 59.52
New Zealand Dollar NZD 167.63 169.63
Norwegians Krone NOK 25.38 25.68
Omani Riyal OMR 722.1 730.1
Qatari Riyal QAR 76.35 77.05
Singapore Dollar SGD 206 208
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 307.11 309.61
Thai Bhat THB 7.61 7.76

Advertisement

Follow us on Facebook

Follow us on Twitter

Sign up for Newsletter