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US Dollar slips below Rs280 in interbank as Pakistani rupee recovery continues

10:14 AM | 11 Oct, 2023
US Dollar slips below Rs280 in interbank as Pakistani rupee recovery continues
Source: File Photo

KARACHI –  Pakistani rupee gained further strength on Wednesday and is at below 280 level for the first time in the last six months. 

The local currency continued its positive trajectory against the dollar, and it gained another 1.01 during the early hours of trading in the inter-bank market on Wednesday.

During the intra-day trading, the local unit was being quoted at 279.50, as the government tightened the noose around the hoarders and smugglers.

On Tuesday, PKR moved up and settled at 280.51 against the greenback in the inter-bank market.

The rupee continued on a positive trend, extending its merry run against the greenback.

Pakistani authorities advanced cracked down on smuggling, lending support to the currency markets with new reforms were made in the Exchange Companies’ sector are bringing in results.

 
 

Daily Pakistan Global Web Desk

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Pakistani rupee exchange rate against US dollar, Euro, Pound and Riyal - 22 February 2024

Pakistani rupee remains stable against US dollar and other currencies in the open market on February 22, 2024 (Thursday)

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.6 for buying and 282.4 for selling.

Euro comes down to 300.2 for buying and 303.2 for selling while British Pound rate stands at 350.6 for buying, and 354.1 for selling.

UAE Dirham AED hovers at 76.2 whereas the Saudi Riyal saw slight increase, with new rates at 74.45.

Today’s currency exchange rates in Pakistan - 22 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.6 282.4
Euro EUR 300.2 303.2
UK Pound Sterling GBP 350.6 354.1
U.A.E Dirham AED 76.2 76.95
Saudi Riyal SAR 74.45 75.2
Australian Dollar AUD 181.15 183.15
Bahrain Dinar BHD 743.32 751.32
Canadian Dollar CAD 207.15 209.15
China Yuan CNY 38.89 39.29
Danish Krone DKK 40.38 40.78
Hong Kong Dollar HKD 35.74 36.09
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 902.41 911.41
Malaysian Ringgit MYR 58.6 59.2
New Zealand Dollar NZD 171.68 173.68
Norwegians Krone NOK 26.43 26.73
Omani Riyal OMR 725.96 733.96
Qatari Riyal QAR 76.76 77.46
Singapore Dollar SGD 207.1 209.1
Swedish Korona SEK 26.53 26.83
Swiss Franc CHF 316.9 319.4
Thai Bhat THB 7.93 8.08

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