The AUD to PKR exchange rate is currently range-bound, showing limited volatility in recent weeks.
Key drivers include the interest rate expectations, with the Reserve Bank of Australia likely to raise rates as inflation pressures grow. This could strengthen the AUD relative to the PKR over time. Meanwhile, the PKR has appreciated against the USD recently, reflecting improved market confidence, but projections indicate it will depreciate gradually in the coming months.
In the near term, the AUD/PKR is expected to trade within a stable range as both currencies navigate macroeconomic shifts.
An upside risk for the AUD could arise from a quicker-than-expected interest rate hike by the RBA, while a downside risk includes deterioration in the Australian economy or further devaluation forecasts for the PKR. The market remains sensitive to both domestic economic policies and global market dynamics, influencing the AUD’s performance against the PKR.
