Rupee Continues Record-Breaking Streak Against US Dollar. The Pakistani rupee (PKR) continued its historic upward momentum against the US Dollar (USD), closing in the green for the 105th consecutive trading day on Monday. This ongoing streak marks one of the longest periods of sustained stability and gradual appreciation of the rupee in recent years.
Currency market analysts describe this trend as a significant development in Pakistan’s foreign exchange market, as the rupee continues to post small but consistent gains against the dollar.
PKR Closes at 279.55 Against the US Dollar
At the close of trading, the Pakistani rupee settled at 279.55 against the US Dollar, gaining one paisa compared to the previous session. While the increase may appear minimal, the consistency of daily gains has contributed to a record-breaking run for the local currency.
Financial experts note that even marginal improvements can have a positive psychological impact on the market, helping stabilize investor sentiment and reduce speculative pressure on the exchange rate.
The steady performance of the rupee suggests improved supply-demand balance in the interbank market, along with controlled dollar outflows.
Performance Against Other Major Currencies
Despite its continued strength against the US Dollar, the rupee showed mixed performance against other major international currencies during Monday’s trading session.
Gains Against Gulf Currencies
The rupee gained one paisa each against the UAE Dirham (AED) and the Saudi Riyal (SAR). These currencies are particularly important for Pakistan due to strong trade relations and remittance inflows from the Middle East.
A stable exchange rate against the AED and SAR benefits overseas Pakistani workers who send remittances back home, as well as businesses involved in import-export activities with Gulf countries.
Losses Against European Currencies
The rupee faced notable pressure against European currencies during the session.
- It lost Rs. 1.72 against the Euro (EUR)
- It declined Rs. 1.67 against the British Pound (GBP)
The depreciation against these currencies reflects broader global currency movements and fluctuations in international forex markets. Analysts believe that external economic factors, including monetary policy trends in Europe and the United Kingdom, may have influenced these changes.
Decline Against Commodity-Linked Currencies
The Pakistani rupee also weakened against certain commodity-linked currencies.
- It dropped 87 paisas against the Australian Dollar (AUD)
- It lost 29 paisas against the Canadian Dollar (CAD)
Commodity-based currencies often fluctuate based on global demand for raw materials and energy prices. Market experts suggest that shifts in global commodity markets could have played a role in Monday’s currency movements.
Stability Against the Chinese Yuan
The rupee remained relatively stable against the Chinese Yuan (CNY), posting a marginal gain. Given Pakistan’s strong trade ties with China, stability in the PKR-CNY exchange rate is considered economically significant.
China remains one of Pakistan’s largest trading partners, and a balanced exchange rate helps maintain predictable import costs and trade flows.
Recent Exchange Rate Snapshot
Here is a brief overview of the rupee’s recent performance against major currencies:
- USD: 279.5515
- EUR: 330.4439
- GBP: 377.9257
- AUD: 197.8945
- CAD: 204.5374
- AED: 76.1088
- SAR: 74.5222
The data highlights that while the rupee is strengthening steadily against the dollar, it continues to face volatility against other global currencies.
Factors Behind the Rupee’s Stability
Several factors may be contributing to the rupee’s record-breaking performance against the US Dollar:
- Improved Foreign Exchange Reserves – Stabilization of reserves can strengthen investor confidence.
- Controlled Import Payments – Reduced pressure on dollar demand supports exchange rate stability.
- Remittance Inflows – Strong inflows from overseas Pakistanis help balance the current account.
- Regulatory Measures – Monitoring of currency markets may be limiting speculative activity.
Experts emphasize that maintaining long-term currency stability will require sustained economic reforms, export growth, and fiscal discipline.
Market Outlook
Currency analysts believe that the rupee’s short-term outlook remains stable if current market conditions continue. However, global economic uncertainties, oil price fluctuations, and external debt repayments could influence future exchange rate movements.
While daily gains of one paisa may seem small, the psychological impact of a 105-day positive streak cannot be ignored. It signals improved confidence in Pakistan’s financial management and forex policies.
Conclusion
The Pakistani rupee has extended its remarkable winning streak against the US Dollar, closing stronger for the 105th consecutive day at 279.55. Although it experienced losses against European and commodity-linked currencies, the overall trend against the dollar remains positive.
