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Pakistani rupee Markets

PKR Currency Update - Our review of Pakistani rupee forecasts and news plus charts and historic rates. Check PKR Trends over various time periods.

 

The USD to PKR exchange rate is currently bearish.

Key drivers include:

  • The anticipated interest rate cuts by the Federal Reserve in the near term may weaken the USD relative to the PKR.
  • Improving global economic conditions and rising commodity prices could lead to increased demand for the PKR.
  • Fitch Ratings suggests the PKR could depreciate as economic activity strengthens, indicating mixed expectations for the currency.

The near-term trading range for USD to PKR is expected to remain stable around the recent levels, as the market adjusts to new data and fiscal policies.

Upside risk includes stronger-than-expected remittance flows supporting the PKR. A downside risk is the potential for accelerated depreciation forecasts from Fitch, which could heighten selling pressure on the PKR.

 

US dollar to Pakistani rupee - USD/PKR Trend

 
USD to PKR is at 90-day lows near 279.8, just 0.5% below its 3-month average of 281.3, having traded in a stable 1.5% range from 279.8 to 283.9
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1 USD =
280.23We compare provider deals to this wholesale mid-market rate. Read more
PKR
 
1d−0.1%▼
90dLows◒
 
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