The HKD to PKR exchange rate is currently range-bound.
Key drivers include a stable interest rate outlook from the Hong Kong Monetary Authority (HKMA) and ongoing improvements in the Pakistani economy, particularly reflected in the consistent appreciation of the PKR against the USD. Meanwhile, the expectation of gradual PKR depreciation raises uncertainty about longer-term stability.
Over the next 1–3 months, the HKD to PKR rate is likely to trade within a narrow range, reflecting recent lows near 35.92. The currency pair has shown stability, trading within a 1.7% range around this level.
A significant upside risk could stem from unexpected global economic shifts that boost demand for HKD. Conversely, a downside risk lies in deteriorating sentiment towards the PKR, as market analysts predict continued depreciation due to economic adjustments and fiscal policies in Pakistan.