KARACHI: The Pakistani rupee (PKR) experienced a slight acceleration against the US dollar (USD) in early trading on Thursday, gaining 0.05% in the interbank market.
The PKR traded at 278.63 against the USD, marking a modest increase of 14 paise.
This follows a depreciation of 0.02% on Wednesday, September 4, when the PKR closed at 278.77 against the USD. However, the rupee showed strength against other major currencies, including the British Pound, Euro, Saudi Riyal, Swiss Franc, and Chinese Yuan.
PKR’s movement against major currencies
| Currency | Wednesday’s rate | Tuesday’s rate | Change |
| British Pound | 365.67 | 365.72 | 5.18 paisa |
| Euro | 308.08 | 308.19 | 10.74 paisa |
| Saudi Riyal | 74.27 | 74.27 | 0.79 paisa |
| Swiss Franc | 328.41 | 326.67 | 1.73 rupees |
| UAE Dirham | 75.88 | 75.90 | 1.82 paisa |
| Japanese Yen | 1.9209 | 1.9091 | 1.18 paisa |
| Chinese Yuan | 39.19 | 39.16 | 2.68 paisa |
- British Pound: PKR strengthened by 5.18 paisa
- Euro: PKR gained 10.74 paisa
- Saudi Riyal: PKR edged up by 0.79 paisa
- Swiss Franc: PKR gained 1.73 rupees
- UAE Dirham: PKR saw a minor improvement of 1.82 paisa
- Japanese Yen: PKR lost ground, declining by 1.18 paisa
- Chinese Yuan: PKR gained 2.68 paisa
The PKR’s performance this year has been mixed, with a depreciation of 0.15% against the USD since the start of the financial year. Nevertheless, on a calendar-year basis, the rupee has appreciated by 1.11% against the USD, gaining 3.09 rupees.
