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Pakistani Rupee Depreciates Against US Dollar

by News Desk
November 5, 2024
in Business
A A
Pakistan Rupee Strengthens Against US Dollar in Interbank Market

PKR Depreciates by 0.05% Against USD in Interbank Market

According to the State Bank of Pakistan, the exchange rate for the Pakistani Rupee (PKR) against the US Dollar (USD) on November 5, 2024, was 277.84 PKR/USD. This marks a slight depreciation of 0.02% compared to the previous day’s rate of 277.79 PKR/USD.

The image provided details the daily exchange rates and emphasizes that the Rupee appreciates when fewer Rupees are required to get one USD and depreciates when more Rupees are needed.

This latest change highlights the ongoing fluctuations in currency value, reflecting the economic challenges and market conditions influencing the exchange rate.

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Tags: Pakistani rupeeState Bank of PakistanUS dollarUSD to PKR
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