![]() "The depreciation this week, amongst other factors, has been triggered by the political surprise that the electorate delivered in Punjab on the weekend, and this frenzy should fizzle out soon," Development economist Maha Rahman said. Analysts have said that the political uncertainty in the country due to the by-elections in Punjab and the delay in the International Monetary Fund's (IMF) programme has contributed to the slump of the Pakistani rupee. The data released by the State Bank of Pakistan (SBP) showed that the rupee fell to as low as 229 during the intraday trade, but it closed at PKR 228.27. On Friday, the Pakistani rupee surpassed all prior records against the US dollar after hitting a fresh record low of PKR 228 against the dollar in the interbank market. "I reiterate political uncertainty is weakening market sentiment and leading to more PKR depreciation," Ali added. ![]() "Note that BoP (balance of payments) pressures on the currency have eased, as per the SBP, which asserts that Pakistan has enough capital commitments for the next 12 mths to take care of its dollar outflows," he said. Capital marker expert Muhammad Saad Ali said there has been a slump in the rupee due to the rise in the political uncertainty in the Punjab province, local media reported. "Markets are responding to these shocks in an unfairly broad-brush way, without paying enough attention to Pakistan's relative strengths," Acting governor of Pakistan's central bank Murtaza Syed said. The Pakistani rupee has slumped nearly 8 per cent against the US dollar during the last trading week, and the forex reserves of the country are below USD 10 billion with inflation at the highest in more than a decade, Geo News reported. The data provided by the State Bank of Pakistan (SBP) showed that the rupee slumped to 230 during intraday trade, as compared to its rate of 228.37. Purchasing power compared to the US Dollar over the last 10 years.Islamabad, July 25 (ANI): The Pakistani rupee has dropped to a record low against the US dollar with the exchange rate sliding to PKR 230, local media reported on Monday. In the last 10 years, the Pakistan Rupee is Is the Pakistan Rupee up or down against the US Dollar? The US Dollar is currently stronger than the Pakistan Rupee given that 1 USD is equal to 284.36 PKR.Ĭonversely, 1 PKR is worth 0.003517 USD. If you execute a trade late in the week, it might not settle until the following week given that forex markets are closed on weekends. Also, it’s best to convert Pakistan Rupees to US Dollars early in the week if you need US Dollars urgently. However, the time between 3-4 PM GMT is often a good time to convert Pakistan Rupees to US Dollars because currency market liquidity and trading volume tend to be the highest during this time. Exchange rates can fluctuate by the minute while markets are open. The PKR and USD can be traded 24x5 starting from the time markets open on Monday mornings in Sydney all the way to the time markets close on Fridays at 5 pm in New York. When is the best time to convert PKR to USD? In the last 10 years, the highest rate from Pakistan Rupees to US Dollars was on Apwhen each Pakistan Rupee was worth $0.01042 USD. ![]() What was the highest PKR to USD exchange rate in the last 10 years? How much is ₨ 100 in USD?ġ00 Pakistan Rupees = 0.3517 US Dollars as of 02:55 PM UTC. Which aggregates real-time forex data from the most authoritative sources. You can get live exchange rates between Pakistan Rupees and US Dollars using , PKR to USD Currency Converter - FAQs How much is ₨ 1 in USD?ġ Pakistan Rupee = 0.003517 US Dollars as of 02:55 PM UTC. You’ll now see the value of the converted currency according to the most recent exchange rate. Simply enter the amount of PKR you want to convert to USD in the box labeled "Amount", and you’re done! You can convert Pakistan Rupees to US Dollars by using the currency converter in just one easy step. How to Convert Pakistan Rupees to US Dollars? To view rates between the Pakistan Rupee and the US Dollar for a particular year, click on one of the links below.
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