The US Dollar continues to struggle against the Pakistani Rupee as it lost 21 paisas against PKR in the Interbank market on Tuesday. The downward trend marks the fifth consecutive loss for the greenback against PKR.
Key Takeaways
- Dollar Depreciation: There has been a significant decrease of 21 paisas in the interbank market.
- Opening Values: The Dollar opened a bit weak at Rs 283 in the interbank market today.
- Open Market Decline: In the open market, the US Dollar lost considerable value and traded at Rs284 after a decline of 50 paisas.
- Consistent Trend: Monday recorded the Dollar’s fifth consecutive fall, capping off trade at Rs283.21 in the interbank market.
- Weekly Appreciation: Last week, the rupee managed to show some strength by gaining 61 paisas and settled at Rs283.26 against the US dollar in interbank on Friday.
Factors Influencing the Exchange Rate
Market Dynamics
Interbank and open market dynamics play a vital role in determining the exchange rate between the US Dollar and the Pakistani Rupee. The consistent decline shown in recent days raises questions about the market-driving forces.
Economic Indicators
Indicators of economics matter a lot for the valuation of currencies. Trade balances, inflation rates, and interest rates have a huge impact.
Global Economic Trends
Currency values can be influenced by external factors in the interconnected global economy. The relationship between the US Dollar and the Pakistani Rupee is not isolated, but it has to do with global economic trends.
Tables: Comparative Analysis
| Date | Opening Rate (Rs) | Closing Rate (Rs) |
|---|---|---|
| Tuesday | 283 | 283.01 |
| Monday | 283 | 283.21 |
The table above does the comparative analysis of opening and closing rates along with paisa change over different dates.
YouTube Insights
To go deeper into the current dynamics, here are a few amazing YouTube videos that you should check:
Frequently Asked Questions
Q: Why is the US Dollar constantly depreciating against the Pakistani Rupee?
A: Several factors that are creating a huge change in the price of any assets or products are market dynamics, economic indicators, and many other global economic trends.
Q: How frequently does the exchange rate change between the two currencies?
A: Exchange rates constantly fluctuate according to the market and it is important to keep a daily check on the rates.
