The Pakistani Rupee exchange rate today showed marginal improvement against the US Dollar during Tuesday’s interbank trading session, reflecting relative stability in the local currency market amid ongoing global volatility. The PKR appreciated by 2.91 paisa (0.01%), closing at PKR 280.07 per USD, compared to the previous session’s close of 280.10.
Currency traders noted that the day’s movement remained narrow, indicating cautious sentiment among market participants as investors continue to monitor external financing flows, import demand, and global interest rate signals.
Pakistani Rupee Exchange Rate Today in Interbank Market
During the trading session, the Pakistani Rupee exchange rate today recorded an intraday high (bid) of PKR 280.50 and a low (ask) of PKR 281.10 against the US Dollar. This limited fluctuation highlights short-term equilibrium between dollar demand and supply in the interbank market.
In the open market, exchange companies quoted the US Dollar at PKR 280.50 for buying and PKR 281.15 for selling, indicating a slightly wider spread compared to interbank rates due to retail demand and transaction costs.
Pakistani Rupee Exchange Rate Today Against Major Global Currencies
While the PKR remained stable against the US Dollar, it weakened against several major international currencies, reflecting broader global currency movements.
The Pakistani Rupee fell by Rs1.27 (0.39%) against the Euro, closing at PKR 328.62, compared to 327.36 in the previous session. Against the British Pound, the local unit recorded a sharper decline of Rs3.90 (1.04%), settling at PKR 379.86, reflecting the Pound’s strength in global markets.
Similarly, the PKR lost Rs1.43 (0.41%) against the Swiss Franc, closing at PKR 354.05, while against the Japanese Yen, it depreciated by 0.84 paisa (0.47%), ending the session at PKR 1.7932.
Pakistani Rupee Exchange Rate Today vs Regional Currencies
In contrast, the Pakistani Rupee exchange rate today showed mild gains against key regional and trade-related currencies. The PKR appreciated marginally against the Chinese Yuan, closing at PKR 40.12, while also strengthening by 0.77 paisa against the Saudi Riyal to PKR 74.68.
Similarly, the local currency gained 0.79 paisa against the UAE Dirham, closing at PKR 76.25, largely due to the Dollar peg mechanism of Gulf currencies and stable remittance inflows.
Pakistani Rupee Exchange Rate Today: Fiscal Year and Calendar Year Performance
On a broader timeline, the Pakistani Rupee exchange rate today reflects improved performance on a fiscal basis. Since the start of the current fiscal year, the PKR has appreciated by Rs3.69 (1.32%) against the US Dollar, signaling improved external account management and controlled import demand.
On a calendar-year basis, the PKR has recorded a modest gain of 5 paisa (0.02%), underscoring gradual stabilization rather than aggressive appreciation.
Money Market Update and Interest Rate Indicators
In the domestic money market, benchmark 6-month Karachi Interbank Offered Rates (KIBOR) edged slightly lower. The bid rate declined to 10.30%, while the offer rate eased to 10.55%, indicating stable liquidity conditions and cautious expectations regarding future monetary policy decisions by the State Bank of Pakistan.
Outlook for Pakistani Rupee Exchange Rate Today
Looking ahead, analysts believe the Pakistani Rupee exchange rate today will remain range-bound in the short term, supported by controlled imports, steady remittances, and improving fiscal discipline. However, external debt repayments, global dollar strength, and oil price movements will remain key risk factors influencing currency direction.