The Pakistani Rupee (PKR) continued its upward trajectory in the foreign exchange market, closing in green against the US Dollar (USD) for the 109th consecutive day on Friday. The sustained appreciation highlights relative stability in the currency market, reflecting improved market sentiment and steady demand-supply dynamics.
During the latest trading session, the PKR settled at 279.47 against the US Dollar, gaining three paisas compared to the previous close. The consistent positive movement against the dollar underscores a broader trend of resilience in Pakistan’s interbank currency market.
PKR Maintains 109-Day Winning Streak Against USD
The US Dollar remains the benchmark currency for Pakistan’s foreign exchange market, and the rupee’s continued strength against it is considered a key indicator of market confidence. Closing at 279.47, the rupee appreciated by 0.0302 during the session.
A 109-day streak of closing in green against the dollar reflects relative exchange rate stability and controlled volatility in the market. Currency analysts often view such sustained performance as a sign of balanced foreign exchange flows and effective monetary management.
The steady performance against the USD also helps stabilize import costs, particularly for essential commodities and industrial inputs priced in dollars.
Performance Against Major Global Currencies
Beyond the US Dollar, the Pakistani Rupee posted gains against most other leading global currencies during the session.
British Pound (GBP)
The rupee recorded a significant gain of Rs. 1.77 against the British Pound. This marked one of the strongest improvements of the day, signaling positive momentum against the UK currency. The sharp movement suggests favorable exchange adjustments in the interbank market.
Euro (EUR)
Against the Euro, the PKR strengthened by seven paisas. While the gain was relatively modest, it still reflected a positive closing trend for the local currency.
Canadian Dollar (CAD)
The rupee gained one paisa against the Canadian Dollar, maintaining its upward bias across North American currencies.
Chinese Yuan (CNY) and Malaysian Ringgit (MYR)
The PKR appreciated by nine paisas against the Chinese Yuan and nearly four paisas against the Malaysian Ringgit. These gains are particularly relevant given Pakistan’s trade ties with China and regional economic partners.
Mixed Trend Against Regional Currencies
While the rupee posted gains against most major currencies, it experienced mixed performance against certain regional currencies.
UAE Dirham (AED)
The PKR closed slightly weaker against the UAE Dirham, recording a marginal loss during the session. The change, however, was minimal and reflected minor market adjustments rather than significant volatility.
Saudi Riyal (SAR)
In contrast, the rupee gained four paisas against the Saudi Riyal. Given the importance of remittance flows from Saudi Arabia, movements against the SAR are closely watched by market participants.
Weakness Against Australian Dollar
The only notable decline of the session was recorded against the Australian Dollar (AUD), where the rupee lost 11 paisas. The shift may be attributed to international currency fluctuations and commodity-linked market movements affecting the Australian currency.
Despite this minor setback, the overall trend for the rupee remained positive across the majority of major currencies.
Weekly Outlook and Market Sentiment
The rupee’s strong weekly close reflects improved foreign exchange stability and consistent trading patterns in the interbank market. Closing the week in green against most global currencies provides confidence to investors, businesses, and importers.
Currency stability plays a crucial role in economic planning, inflation management, and trade forecasting. A relatively steady exchange rate reduces uncertainty for businesses dealing in foreign transactions and supports smoother financial operations.
Market observers note that sustained gains across multiple currencies suggest balanced supply-demand conditions and improved liquidity management.
Conclusion
The Pakistani Rupee closed the week strongly, extending its 109-day positive streak against the US Dollar and recording gains against most major international currencies, including the British Pound and Euro. Although it posted minor losses against the Australian Dollar and UAE Dirham, the overall performance remained positive.
With consistent green closes and stable interbank activity, the rupee’s performance signals strengthening market confidence and improved currency stability heading into the next trading week.
 closes in green for the 109th consecutive day against the US Dollar while posting gains against most major currencies including GBP and EUR in the latest forex session.){kind=link}