The exchange rate forecasts for the Hong Kong Dollar (HKD) to Pakistani Rupee (PKR) have been influenced by various key developments in both regions over the past two months. As of early October 2025, the HKD to PKR rate is at 30-day lows around 36.15, slightly below its three-month average and remaining within a narrow range of 2.4%, between 35.69 and 36.54.
Recent interventions by the Hong Kong Monetary Authority (HKMA), including a 25 basis point interest rate cut to 4.50% in September, align HKD movement with U.S. monetary policy. Analysts suggest this could weaken the HKD in the short term due to lower yields. Additionally, the HKMA's currency market intervention indicates efforts to maintain the HKD's peg to the U.S. dollar amidst fluctuating interbank rates, which have recently dropped to near three-year lows. Experts predict continued volatility in the HKD due to these developments, particularly in the context of geopolitical tensions in the region.
On the PKR side, the State Bank of Pakistan's decision to maintain the key policy rate at 12% reflects ongoing concerns regarding inflation and currency stability. Despite earlier rate cuts, the recent policy stance aims to curb price pressures. Economists believe this hold could support the PKR by promoting a more stable economic environment, particularly with recent measures to stabilize the currency through crackdowns on black market dollar trading. Such actions have shown some effectiveness, with reports of slight PKR appreciation against the dollar.
In summary, analysts anticipate that the PKR may benefit from its more stable monetary policy position in the face of HKD's recent challenges linked to interest rate cuts and market interventions. However, fluctuations in both currencies will likely remain influenced by evolving economic conditions and external pressures. Engaging in timely transactions may prove advantageous for businesses and individuals navigating this dynamic currency landscape.
