USD/PKR Price & Performance (USDPKR)

The Pakistani Rupee (PKR) fell further against the US Dollar on Monday, closing at PKR 280.37/USD in the interbank market, marking a 0.04% decline from the previous session. This continues a broader depreciation trend, with the PKR losing 1.02% since October 2024. Other major currencies also saw slight fluctuations against the PKR.1

The US Dollar index eased to 103.94 after nearing a three-week high, as markets await clarity on President Trump’s upcoming tariff announcements. Uncertainty surrounding reciprocal levies, expected on April 2, has kept markets cautious. Meanwhile, the Euro and British Pound gained slightly against the dollar, reflecting broader market sentiment.2

Ripple (XRP) surged to PKR 686.33 in the open market on Monday, up from PKR 676.17 the previous day. The cryptocurrency's value also rose in USD terms, reaching $2.44. Ripple's increasing adoption by financial institutions continues to bolster its position as a key player in the digital currency space.3