In a surprising turn of events, the Pakistani Rupee has gained value against the US Dollar, following a period of stability in the country. After a tumultuous week filled with political uncertainty and violence, the Supreme Court of Pakistan has given Former Prime Minister Imran Khan some much-needed relief, which has resulted in a more peaceful and stable law and order situation.
The impact of this stability has been reflected in the currency markets, with the US Dollar to PKR conversion rate dropping to PKR 285.60 in Interbank exchange rates, as per the official rate set by the State Bank of Pakistan. This represents a decrease of PKR 6.40 or 2.192% in the interbank trading rate.
USD to PKR Interbank Rates History
| DATE | BUYING | SELLING |
|---|---|---|
| Today | 284.7 | 285.60 |
| 13 May, 23 | 284.70 | 285.60 |
| 12 May, 23 | 290.00 | 292.00 |
| 11 May, 23 | 289.72 | 290.22 |
| 10 May, 23 | 285.50 | 287.20 |
| 09 May, 23 | 283.50 | 284.00 |
| 08 May, 23 | 283.50 | 284.00 |
| 07 May, 23 | 283.09 | 283.59 |
| 06 May, 23 | 283.09 | 283.59 |
| 05 May, 23 | 283.32 | 283.82 |
| 04 May, 23 | 283.38 | 283.88 |
Experts have attributed this positive shift to the newfound stability in the country, which has led to increased confidence among foreign investors and a boost in economic activity. This, in turn, has led to a strengthening of the Pakistani Rupee against the US Dollar, a trend that is expected to continue in the coming days.
Many Pakistanis are now hopeful that this stability will lead to a brighter future for their country, with improved economic conditions and greater prosperity for all. As the nation continues to move forward, it is clear that the Pakistani Rupee will remain a symbol of its resilience and strength in the face of adversity.
