KARACHI: The US dollar continued to depreciate against the rupee on Wednesday after banks and stock exchanges opened after a long weekend, ARY NEWS reported. According to forex dealers, the dollar shed Rs 2.13 to trade at Rs 221.91 in the interbank market, while banks sold the US dollar at Rs 222.75. - Advertisement - In the open market, the dollar fell by Rs 2 and is trading between Rs 218 and 220.
On Friday, the US dollar continued to decline for a fifth consecutive day against the rupee, with the dollar falling to around Rs 16 in the interbank market on the back of the IMF's assurance to release a $1.17 billion tranche. In the interbank market today, the US dollar lost Rs 2.11 to trade at Rs 224.04, while banks are selling the dollar at Rs 225.50, according to forex dealers. In the open market, the dollar traded between 220 and 222 rupees. The International Monetary Fund (IMF) has confirmed that Pakistan has achieved all the targets set for the revival of the Extended Fund Facility (EFF). Speaking exclusively to ARY News, International Monetary Fund (IMF) Resident Representative in Islamabad, Esther Perez Ruiz said that Pakistan has achieved all the financial targets set by the fund and the latest action was completed on July 31 with the extension of petrol tax. Read more: US dollar slips to Rs 237 in interbank market Ruiz said the 7th and 8th revisions have been completed and the IMF Executive Board will meet in the third week of August. Esther Perez hoped Pakistan would take steps to close the funding gap by the time the board meets.
The rupee continued to free fall against the US dollar in the interbank market early Friday, however, it reversed second-half losses on reports that COAS, Qamar, Bajwa, had approached the US to play a role in the immediate release of a $1.2 billion tranche. Earlier, the State Bank of Pakistan (SBP) attributed the exchange rate change of 11 rupees in just two days to a "market-determined exchange rate system" in which current account balances, news and domestic uncertainty contribute to daily currency swings.
Currency Rates according to Pakistan Open Market Forex.pk, Pakistan's best currency exchange portal, provides you with current exchange rates in the open market of Pakistan. Open market exchange rates in Pakistan are not exactly the same as interbank exchange rates, especially the dollar rate. Here you can find USD to PKR , EURO to PKR , SAR to PKR and all other currencies against PKR. In Pakistan, banks generally charge a higher currency exchange rate. We timely update the exchange rate on our website, specially USD to PKR, to provide a good experience to our visitors. Here you will find history of open market currency rates, charts, graphs and a wide range of information to help you explore the open market of currencies in Pakistan. Select Date 12 August 2022 Exchange rate by market open on Friday, August 12, 2022, 05:48 PST (GMT+5) Remittance Symbol Purchase Sales Charts USD-DD US Dollar DD USD-DD 214.9 220.15 chart USD-TT US Dollar TT USD-TT 214.9 220.15 chart Currency Symbol Buy Sell Charts AUD Australian Dollar AUD 156.44 157.69 chart BHD Bahraini dinar BHD 596.74 601.24 chart CAD Canadian Dollar CAD 174.21 175.56 chart CNY China Yuan CNY 33.23 33.48 chart DKK Danish Krone DKK 30.84 31.19 chart EUR Euro EUR 220 223 graph HKD Hong Kong dollar HKD 28.58 28.93 chart INR Indian Rupee INR 2.82 2.9 Chart JPY Japanese Yen JPY 1.6 1.67 chart KWD Kuwaiti dinar KWD 731.78 736.78 chart MYR Malaysian Ringgit MYR 50.36 50.81 Chart NZD New Zealand $NZD 141.05 142.25 chart NOK Norwegian Krone NOK 23.1 23.4 chart OMR Chart Omani Riyal OMR 583.55 588.05 QAR Qatari Riyal QAR 61.64 62.14 chart SAR Table Saudi Riyal SAR 57.3 58.3 SGD Chart Singapore Dollar SGD 162.8 164.1 SEK Swedish Krona SEK 22.08 22.38 chart CHF Swiss Franc CHF 235.55 237.3 chart THB Thai Bhat THB 6.65 6.75 chart AED U.A.E Dirham AED 58.8 59.8 chart Chart GBP UK Pound Sterling 260 264 GBP USD USD USD USD 215 220 chart Select Currency Interbank rates | International rates Currencies USD to PKR | Australian Dollar to PKR | Canadian Dollar to PKR | Chinese Yuan to PKR | Euro to PKR | Hong Kong Dollar to PKR | Indian Rupee to PKR | Japanese yen to PKR | Saudi Riyal to PKR | UAE Dirham to PKR | Pound Sterling to PKR | US Dollar to PKR Forex Brokers Worldwide Afghanistan Australia Bangladesh Brazil Bulgaria Canada China Denmark Egypt Estonia Hong Kong Hungary India Iran Japan Malaysia New Zealand Oman Pakistan Philippines Poland Qatar Russian Federation Singapore Sweden Switzerland United Arab Emirates United Kingdom United States of America Disclaimer: Forex.pk is neither an exchange company nor affiliated with any money exchange merchant, so we do not offer any type of currency trading or money transfer. Forex.pk maintains accuracy by timely updating open market Pakistan dollar rates received from various authentic sources for public interest. However, these are only indicative open market rates as currency rates change minute to minute. We update special USD to PKR exchange rate quickly to provide good experience to FOREX.pk visitors. Forex.pk also offers open market dollar rate to some Pakistani news sites. FOREX.pk takes no responsibility or liability for any transactions made based on the above open market rates.
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