Pakistani rupee continues to strengthen against US dollar, hovers around 276 in open market

In Interbank, the local currency is being quoted at 278 

11:08 AM | 12 Oct, 2023
Pakistani rupee continues to strengthen against US dollar, hovers around 276 in open market
Source: File Photo

ISLAMABAD – Pakistani rupee continued its upward momentum against the US dollar, gaining Rs1.01 in interbank and during the opening hours of trading in the inter-bank market.

The local currency extended its appreciation run against the greenback and was hovering at 278.50, an increase of Rs1.01, in the inter-bank market.

In previous sessions, the local unit continued moving up and settled at 279.51.

In open market, the rupee advanced its winning momentum. Rates from currency dealers suggest that PKR was quoted at 279 for selling and 276 for buying purposes for customers.

The recent upward trajectory is the longest appreciation run seen by Pakistani currency against the USD as authorities tightened the noose on the smuggling and hoarding of foreign currency.

Lately, State Bank of Pakistan suspended the authorisation of five Exchange Companies B Category till further orders due to serious violations of the central bank’s regulations and instructions.

It has suspended the autorisation of M/s International Exchange Company –B (Pvt) Limited, M/s World Wide Exchange Company –B (Pvt) Limited, M/s World Exchange Company –B (Pvt) Limited, M/s Universal Exchange Company –B (Pvt) Limited and M/s United Exchange Company –B (Pvt) Limited.

Daily Pakistan Global Web Desk


Rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 28 Feb 2024

Pakistani currency remains momentum against US dollar in the open market on February 28, 2024 (Wednesday).

US Dollar rate in Pakistan

In the open market, the US dollar moves up and currently hovers at 282 for buying and 282.25 for selling.

Euro currently stands at 303.1 for buying and 306.1 for selling while British Pound rate stands at 351.6 for buying, and 355.1 for selling.

UAE Dirham AED hovers at 76.1 whereas the Saudi Riyal saw slight increase, with new rates at 74.25.

Today’s currency exchange rates in Pakistan - 28 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 282 282.25
Euro EUR 303.1 306.1
UK Pound Sterling GBP 351.6 355.1
U.A.E Dirham AED 76.1 76.8
Saudi Riyal SAR 74.25 75.05
Australian Dollar AUD 181.1 183.1
Bahrain Dinar BHD 742.91 750.91
Canadian Dollar CAD 207.1 209.1
China Yuan CNY 38.87 39.27
Danish Krone DKK 40.61 41
Hong Kong Dollar HKD 35.75 36.1
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 905.46 914.46
Malaysian Ringgit MYR 58.5 59.1
New Zealand Dollar NZD 173.05 175.05
Norwegians Krone NOK 26.41 26.71
Omani Riyal OMR 725.54 733.54
Qatari Riyal QAR 76.74 77.44
Singapore Dollar SGD 207.15 209.15
Swedish Korona SEK 27.04 27.34
Swiss Franc CHF 317 319.5
Thai Bhat THB 7.76 7.91


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