Pakistan Rupee

The Pakistan Rupee decreased to 96.51 in April from 98.31 in March of 2014. Pakistan Rupee averaged 62.01 from 1988 until 2014, reaching an all time high of 108.50 in December of 2013 and a record low of 18.60 in December of 1988. The USDPKR spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the PKR. While the USDPKR spot exchange rate is quoted and exchanged in the same day, the USDPKR forward rate is quoted today but for delivery and payment on a specific future date. This page provides - Pakistan Rupee - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-17

Actual Previous Highest Lowest Forecast Dates Unit Frequency
96.51 98.31 108.50 18.60 96.69 | 2014/05 1988 - 2014 Daily

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Pakistan Rupee
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Markets Last Previous Highest Lowest Forecast Unit
Stock Market 29458.15 2014-04-16 27159.91 29458.15 538.89 29866.51 2014-05-31 Index points [+]
Government Bond 10Y 12.85 2014-04-16 12.87 16.65 4.17 12.87 2014-05-31 Percent [+]
Currency 96.51 2014-04-17 98.31 108.50 18.60 96.69 2014-05-31 [+]
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Currency | Notes
An exchange rate is the current market price for which one currency can be exchanged for another. For instance, if the Euro exchange rate for the United States Dollar stands at 1.3, this means that 1 euro can be exchanged for 1.3 U.S. dollars. Because exchange rates play such an important role in a country's competiveness level, currency exchange rates are among the most analysed and forecasted indicators in the world. The exchange rate is determined by the level of supply and demand on the international markets. However, changes in foreign exchange market rates are often difficult to understand and to predict because the market is very large and volatile. In fact, the currency markets are the most liquid in the world with a daily turnover of close to $2 trillion, which compares to $500 billion for the US government bond market and $70 billion on the New York Stock Exchange.


RELATED NEWS

Pakistan Inflation Rate Up To 8.5% in March  
Pakistan annual inflation rate increased to 8.5 percent in March of 2014, from 6.6 a year earlier and 7.9 percent recorded in February of 2014, as food, housing, water, electricity and gas prices edged up.
Pakistan Trade Deficit Narrows in February  
Trade deficit in Pakistan decreased in February of 2014 to PKR -150 billion from PKR -151 billion a year earlier and PKR -218 billion in January of 2014. On a monthly basis, exports rose by PKR 10 billion and imports dropped by PKR 57 billion.
Pakistan Central Bank Leaves Benchmark Rate on Hold at 10%  
In its March 15th, 2014 meeting, Pakistan's Central Bank left the discount rate unchanged at 10 percent. Although consumer prices slowed for the third straight month in February and foreign exchange reserves increased noticeably, the economy still faces many challenges and a pro-active policy effort is required to continue to maintain the momentum.
Pakistan Inflation Rate Almost Unchanged in February  
Pakistan annual inflation rate accelerated to 7.93 percent in February of 2014, compared to 7.91 percent in the previous month.
Pakistan Inflation Rate Slows in January  
In January of 2014, Pakistan inflation rate slowed for the second straight month to 7.9 percent after reaching a two-digit rate in November of 2013.
Pakistan Trade Deficit Narrows in December on Higher Rice Sales  
In December of 2013, Pakistan trade deficit decreased 30.73 over a month earlier to PKR 137.56 billion. Compared with the same month last year, the trade deficit narrowed 16.9 percent mainly due to a drop in imports and a surge in rice sales.
Pakistan Leaves Rate on Hold in January  
In its January, 2014 meeting, the State Bank of Pakistan decided to leave the policy rate unchanged at 10 percent, as the Board considers inflation expectations are lower than previously anticipated.
Pakistan Inflation Rate Falls in December  
In December of 2013, Pakistan’s inflation rate slowed to an annual 9.2 percent, compared to 10.9 percent in the previous month, due to a slowdown in food prices. A year earlier, the inflation was recorded at 7.9 percent.
Pakistan Trade Deficit Increases in November  
In November of 2013, Pakistan trade deficit rose to PKR 198.6 billion, from PKR 150.5 billion in October and PKR 164.3 billion a year earlier, as purchases of petroleum and medical products boosted imports.
Pakistan Inflation Rate Hits Double-Digit in November  
In November of 2013, Pakistan annual inflation rate rose sharply to 10.9 percent, from 9.08 percent in September, boosted by higher food prices.
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