The Pakistani Rupee (PKR) opened the week with mixed results against most major currencies but maintained the exchange rate against the US Dollar under Rs. 160.
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Pakistani Rupee Drops Below 160 Mark Against US Dollar for the First Time in 2021
Today (February 8), the PKR gained 42 paisas to the US Dollar after gaining 19 paisas on Thursday (the last trading day of the previous week), taking the exchange rate below Rs. 160 for the first time since the beginning of the calendar year 2021.
PKR closed at Rs. 159.56 against the USD in the interbank market today, compared to Rs. 159.98 to the USD on Thursday (February 4).
On January 4, 2021 – the first trading day of the year – the PKR had closed at Rs. 159.97 to the USD, which was down from the exchange rate of Rs. 159.83 to the USD on December 31, 2020 – the last trading day of the previous year. Since then, it has been constantly gaining and losing against the USD, but it remained higher than Rs. 160.
The PKR continued its gaining streak from Thursday against the Euro. Today’s gain against the Euro was 6 paisas that come after Thursday’s substantial gain of 90 paisas.
PKR posted gains against the Great British Pound (GBP) for several days in the last week. Today, however, PKR lost Rs. 1.34 to the GBP after gaining Rs. 1.56 to the GBP on Thursday.
PKR has shown improvement against the Australian Dollar, but since Thursday, the trend has been downward. On Thursday, PKR lost six paisas to the AUD, which is compounded today with 17 paisas loss.
The PKR went up by 23 paisas against the Canadian Dollar in the interbank market today after gaining 26 paisas on the previous trading day.
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Pakistani Rupee Shows Mixed Results Against Most Currencies
PKR has also been posting losses against both the UAE Dirham (AED) and the Saudi Arabian Riyal (SAR) with infrequent improvements. Monday proves to be one of those improvement days with a gain of 11 paisas against both the AED and the SAR.
Welldone Alkaram… Congratulation for such achivement
Really .43 ruppee …big gain …wow ..the economy of pakistan must be very excited…
Wow thats mean i can buy spaceship with such a jump in currency rate
Not just one spaceship. You can buy all the spaceships that exist, have existed, or will ever exist with such a jump in currency rate.
is this a big gain???? shame on you Imran Khan
Majority of above commentors just want ti criticize…..they may dont know the effect of this on overall national debt.
Imran Khan should be ashamed of himsrlf