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USD/PKR

TYPE Currency
GROUP Majors
BASE US Dollar
SECOND Pakistani ru...
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USD/PKR Signals

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Long Term
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Description
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LATEST ANALYSIS
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About the USD/PKR

The USD/PKR forex pair has been on a downward trend since the start of the year, reaching a low of 287.000 PKR per USD on June 18, 2023. This is the weakest level for the Pakistani rupee since the start of the COVID-19 pandemic.

There are a number of factors that have contributed to the weakness of the Pakistani rupee, including:

  • Political instability: The country has been facing political instability since the ousting of Imran Khan as Prime Minister in April 2022. This has led to uncertainty in the financial markets and has made investors reluctant to invest in Pakistan.
  • Economic slowdown: The Pakistani economy is facing a number of challenges, including high inflation, a widening budget deficit, and a slowdown in economic growth. This has put pressure on the rupee.
  • Foreign exchange reserves: Pakistan's foreign exchange reserves have been declining in recent months. This is due to a number of factors, including the country's trade deficit and the repayment of foreign debt.

Despite the weakness of the rupee, some analysts believe that the currency may have reached a bottom. They point to the fact that the Pakistani central bank has raised interest rates to 12% in an attempt to prop up the currency. They also note that the government has taken steps to restrict foreign exchange trading, which has helped to stabilize the market.

USD to PKR Live Chart

The USD to PKR live chart shows the current exchange rate between the US dollar and the Pakistani rupee. The chart is updated in real-time, so you can see how the exchange rate is changing from time to time.

USD to PKR Forecast

The USD to PKR exchange rate is forecast to remain volatile in the near term. The Pakistani economy is facing a number of challenges, which are likely to keep pressure on the rupee. However, the Pakistani central bank has taken steps to prop up the currency, and the government has restricted foreign exchange trading. These measures may help to stabilize the rupee in the near term.

Overall, the USD to PKR exchange rate is likely to be range-bound in the near term. The currency pair is likely to remain volatile, and investors should carefully consider the risks and rewards before making any investment decisions.