Forex

Pakistani Rupee Strengthens on Rising Forex Reserves and Moody’s Upgrade The Pakistani rupee showed signs of recovery on Friday, appreciating by Rs0.10 against the US dollar to close at Rs278.54 in the inter-bank market. This rebound follows a two-day decline, where the rupee had lost Rs0.32, reaching Rs278.64 against the dollar. The improvement in the rupee’s value has been attributed …

REER Index Update: The Real Effective Exchange Rate (REER) index appreciated to 101.5 in July 2024, up from 100.1 in June 2024, according to the State Bank of Pakistan (SBP). Currency Exchange Rates as of 19-Aug-2024: USD/PKR: 1-week: 279.0876 1-month: 281.3104 6-month: 289.9788 1-year: 302.2286 EUR/PKR: 1-week: 308.3095 1-month: 311.1427 6-month: 322.4834 1-year: 338.8322 GBP/PKR: 1-week: 361.9653 1-month: 364.9505 6-month: …

The world of forex trading offers an exciting opportunity for individuals to participate in the largest and most liquid financial market in the world. Forex, short for foreign exchange, involves buying and selling currencies with the aim of profiting from fluctuations in exchange rates. In this comprehensive guide, we explore the fundamentals of forex trading and introduce OctaFX as our …