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Dollar hits historic high at Rs173 in interbank market

12:23 PM | 18 Oct, 2021
Dollar hits historic high at Rs173 in interbank market

KARACHI – The US Dollar continued its surge against the rupee on Monday, rising to a historic high of Rs173 in the interbank market.

Reports cited that the Pakistani rupee continued to plunge, shedding an additional 82 paisas against the US dollar, which was being traded at Rs173 in the inter-bank market. Previously it was closed at 171.18.

Experts said Pakistan's current account deficit other than the surge in crude oil price in international markets rooted the erosion in the Pakistani Rupee value.

Meanwhile, additional pressure on Pakistani currency was created due to no timeframe determined for the conclusion of talks between the Pakistani officials and the International Monetary Fund.

The MOF officials had given ‘clear signals’ about the depreciation of the Pakistani rupee against the USD in its talks with the global lender and the effects of that were now being seen in the market. The ongoing uncertainty would remain until the IMF deal was finalized.

Economists suggest that incumbent authorities need to consult all the stakeholders or a crisis in the currency market could emerge that will have a long-lasting impact.

Daily Pakistan Global Web Desk


Currency Rates in Pakistan Today - Pakistani rupee to US Dollar, Euro, Pound, Dirham, and Riyal - 17 April 2024

Pakistani currency saw minor adjustment against global currencies on April 17, 2024. US dollar was being quoted at 277.4 for buying and 280.4 for selling.

Euro comes down to 293.15 for buying and 296.1 for selling while British Pound stands at 344.25 for buying, and 347.6 for selling.

UAE Dirham AED was at 75.4 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 17 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.4 280.4
Euro EUR 293.15 296.1
UK Pound Sterling GBP 344.25 347.6
U.A.E Dirham AED 75.45 76.2
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.5
Bahrain Dinar BHD 739.38 747.38
Canadian Dollar CAD 201 203
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 902.26 911.26
Malaysian Ringgit MYR 58.24 58.84
New Zealand Dollar NZD 164.75 166.75
Norwegians Krone NOK 25.38 25.68
Omani Riyal OMR 722.1 730.1
Qatari Riyal QAR 76.37 77.07
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 307.11 309.61
Thai Bhat THB 7.61 7.76


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