The USD to PKR exchange rate continued its steady decline as the Pakistani rupee strengthened for the 75th consecutive session on Thursday, closing at 280.05 in the interbank market. The rupee gained one paisa against the US Dollar, while also posting notable gains against most major global currencies, reflecting continued currency stability and improved market sentiment.
The USD to PKR pair has now marked over two months of uninterrupted appreciation, a rare streak driven by controlled imports, stable remittance inflows, and improved confidence in Pakistan’s external account position. Dealers said demand-supply balance in the interbank market remained favorable, keeping the rupee range-bound but positive.
The local unit closed at 280.0518 compared to 280.0621 a day earlier, extending its gradual recovery trend against the greenback.
Alongside gains in USD to PKR, the rupee also ended the day stronger against several major currencies. It appreciated sharply against the British Pound, gaining Rs. 1.30, while rising by Rs. 1.02 against the Australian Dollar. The PKR also posted gains versus the Euro, Canadian Dollar, Malaysian Ringgit, and UAE Dirham.
However, the rupee weakened slightly against the Chinese Yuan and Saudi Riyal, indicating selective pressure in regional currency pairs.
Currency market analysts noted that overall stability in the USD to PKR rate continues to support import planning and inflation management, while exporters benefit from predictable exchange movements.
The extended USD to PKR stability comes amid tighter monetary controls, reduced speculative activity, and sustained oversight of foreign exchange flows. Improved transparency in the interbank market and better coordination between fiscal and monetary authorities have helped reduce volatility.
Experts believe that while sharp appreciation is unlikely in the near term, the rupee is expected to remain stable as long as external inflows remain steady and global oil prices stay manageable.
“A 75-day positive streak in USD to PKR signals confidence returning to the currency market, even if gains remain marginal,” a currency trader said.
