Tag Archives: Forex Market

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 Pakistani rupee maintained its positive momentum against the US dollar in the open market, narrowing the gap with the inter-bank rate. This convergence is considered a significant benchmark of the International Monetary Fund’s (IMF) Stand-By Arrangement (SBA). According to reports from currency dealers, the rupee was being quoted at 305 for selling and 302 for buying in the open …