Pakistan’s currency market continues to witness a rare streak as USD to PKR closed at 279.66 in the interbank market on Wednesday, marking the 98th consecutive session of gains for the rupee against the US dollar. The local unit appreciated by one paisa during the day, bringing it just two sessions away from setting a new record for the longest rally in recent years.
The steady improvement in USD to PKR reflects continued stability in the foreign exchange market, supported by improved dollar inflows, controlled imports, and better remittance figures in recent months.
The Pakistani rupee settled at 279.6615 against the US dollar, compared to 279.6731 a day earlier. Although the gain was marginal, the consistency of the upward trend remains significant.
At the same time, the rupee showed mixed performance against other global currencies. It gained slightly against the UAE Dirham (AED) and Saudi Riyal (SAR) but posted losses versus the British Pound (GBP), Euro (EUR), Australian Dollar (AUD), and Canadian Dollar (CAD).
Currency Rates Table
| Currency | 09-Feb-2026 | 10-Feb-2026 | 11-Feb-2026 | Change (+/–) |
|---|---|---|---|---|
| USD | 279.7022 | 279.6731 | 279.6615 | +0.0116 |
| EUR | 331.7547 | 333.0208 | 333.2307 | -0.2099 |
| GBP | 380.6886 | 382.3131 | 382.4232 | -0.1101 |
| AUD | 196.8124 | 197.8268 | 198.7834 | -0.9566 |
| MYR | 71.0716 | 71.2180 | 71.2332 | -0.0152 |
| CNY | 40.3713 | 40.4596 | 40.4676 | -0.0080 |
| CAD | 205.0377 | 206.1650 | 206.8120 | -0.6470 |
| AED | 76.1498 | 76.1419 | 76.1388 | +0.0031 |
| SAR | 74.5793 | 74.5715 | 74.5625 | +0.0090 |
The rupee’s prolonged recovery comes amid tighter monetary policy, improved foreign reserves position, and rising remittances from overseas Pakistanis. Over the past few months, controlled import demand and regulatory monitoring of the exchange market have also helped ease pressure on the currency.
Financial analysts believe that if the current momentum continues, the rupee could enter record territory in the coming sessions. However, global dollar strength and external payment obligations remain key factors to watch.
Market experts say, “The continued stability in USD to PKR indicates balanced demand and supply in the interbank market, though gains remain gradual.”
While the daily appreciation remains small, the psychological impact of a 98-day winning streak is significant for investor confidence. Traders are closely watching whether the rupee can sustain this momentum and set a fresh benchmark in the coming days.
