In the recent interbank trading, the Pakistani Rupee experienced a marginal depreciation of 3 paisas on Monday. However, the US Dollar has displayed impressive stability over the past few weeks, with no significant fluctuations. As of December 12, 2023, the State Bank of Pakistan (SBP) reports the USD to PKR exchange rate at Rs. 283.90, unchanged from the previous day.
Exchange Rate Overview
| Date | USD to PKR Exchange Rate |
|---|---|
| December 12, 2023 | Rs. 283.90 |
The last 7 business days have witnessed a consistent trend, with minimal fluctuations ranging from Rs. 283.87 to Rs. 284.97. This stability underscores the resilience of the US Dollar in the current forex landscape.
Key Insights
Interbank Trading Dynamics
In recent sessions, the Pakistani Rupee faced a marginal 3 paisas depreciation at the close on Monday. Despite this, the US Dollar has shown remarkable stability, instilling confidence in market participants.
State Bank of Pakistan’s Data
The exchange rates provided are sourced directly from the SBP, ensuring accuracy and reliability. Daily updates cover various currency pairs, including USD to PKR, providing real-time insights for investors and businesses.
The Significance of Stability
The stability observed in the exchange rate contributes to a sense of confidence in the forex market. The official rates regulated by the SBP, presented in the table above, serve as a crucial reference for informed decision-making.
In conclusion, the USD to PKR exchange rate on December 12, 2023, reflects a commendable stability, emphasizing the resilience of the US Dollar. For a comprehensive understanding of the foreign exchange landscape, the data provided by the SBP stands as a reliable source for investors and market participants.
