Pakistani Rupee Slightly Depreciates Against US Dollar on May 20, 2025
On Tuesday, May 20, 2025, the Pakistani Rupee (PKR) experienced a minor depreciation against the US Dollar (USD) in the interbank market, closing at PKR 281.91, down from the previous day’s closing of PKR 281.76.
Open Market Rates
According to the Forex Association of Pakistan (FAP), the open market rates for the US Dollar were:
- Buying Rate: PKR 282.25
- Selling Rate: PKR 283.75
These rates indicate a stable yet slightly depreciated position of the PKR against the USD in the open market.
Comparison with Other Currencies
The PKR’s performance against other major currencies on May 20, 2025, was as follows:
- Euro (EUR): Increased by PKR 1.00 to close at PKR 317.63.
- British Pound (GBP): Rose by PKR 0.73 to close at PKR 377.34.
- Japanese Yen (JPY): Increased by PKR 0.01 to close at PKR 1.95.
- Emirates Dirham (AED): Up by PKR 0.04 to close at PKR 76.75.
- Saudi Riyal (SAR): Increased by PKR 0.02 to close at PKR 75.14.
Market Analysis
The slight depreciation of the PKR against the USD is attributed to routine fluctuations in the foreign exchange market. Analysts suggest that the PKR remains relatively stable, with minor adjustments reflecting normal market dynamics.
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