USD to PKR Rate Drops as Rupee Gains Against Major Currencies

USD to PKR continued its downward trend as the Pakistani rupee extended gains for the 92nd consecutive session, closing at 279.76 per dollar on Monday. The rupee also posted strong recoveries against the British Pound, Euro, and Canadian Dollar, marking a broad-based improvement in interbank trading at the start of February.

According to interbank market data, the rupee gained one paisa against the US dollar, while recording notable appreciation against other major global currencies. Analysts say steady inflows, controlled imports, and improved market sentiment have supported the local unit.

The rupee’s recent stability comes after months of volatility driven by external financing pressures and import-led demand for dollars. Since late 2025, improved foreign exchange management and declining global oil prices have helped ease pressure on the currency.

Quoting official interbank figures, the rupee gained Rs. 2.66 against the British Pound and Rs. 2.33 against the Euro, while also strengthening against the Australian and Canadian dollars. Gains were also recorded against the UAE Dirham and Saudi Riyal, both key currencies for remittances.

Interbank Exchange Rates Table

Currency experts believe the rupee may remain range-bound in the near term, with movements closely tied to global oil prices, remittance inflows, and upcoming external financing developments.