Pakistan Open Market Forex Rates | ||
Currency
| Buying
| Selling
|
| Australian Dollar | 90
| 91.6
|
| Canadian Dollar | 89.8
| 91.4
|
| China Yuan | 13
| 13.5
|
| Euro | 117.2
| 119
|
| Japanese Yen | 1.140
| 1.150
|
| Saudi Riyal | 24.4
| 24.55
|
| U.A.E Dirham | 24.95
| 25.15
|
| UK Pound Sterling | 145
| 146.5
|
| US Dollar | 91.95
| 92.95
|
Pakistan Rupees Short Review against other major currencies of the world
Pakistan Rupees rate was in a continues declining trend against US Dollar and other major currencies of the world since the year 2012 started.
Most of the analysts were pointing out the raise of exchange rate due to oil transactions, when ever pak rupee forex rate loose its strength against US Dollar rate, The other currencies also get impact lets have a view of the currency rates in Pakistan from the beginning of Jan, 2012.
As per Inter Bank currency rates on Jan 3, Pak Rupee rate was on Rs. 89.8 selling and buying at Rs. 89.6 against Dollar rate, Rs.116.52 selling and Rs.116.26 against Euro exchanges rate, Rs.24.45 selling and buying at Rs. 24.39 against UAE currency rate, Rs. 139.45 selling and Rs.139.14 buying against Pond exchanges rate.
State Bank: Foreign Exchange Reserves are in uptrend
Central bank Foreign exchange reserves in US Dollar slightly declined as compare to the last week figures currently settled at $17.370 Billion from $17.506. In a long term perspective foreign exchange reverse are in uptrend, if we compare the same from last 6 months figure, we may batter analyze where the Pakistan foreign reserves were standing.
We saw the historic rose level of foreign exchange reserves at $16.992 billion on week ended October 08, 2010, figures are tracked from last six month can draw a clear line and an uptrend can be seen clearly from the July, 2010 to October, 2010 and now after six months it is at $17.37 billion, as per economist expectations it seems that rising foreign inflows may take the rising effect of foreign exchange reserves.
Forex Trading: Nothing but Managing Risk, Money and Sentiments
Today's Forex Trading is a very risky play in a highly volatile currency spot market I have lost the money and earned also many times in currency market, being an experienced trader of currency trading I must recommend you to at least first prepare yourself for Forex Market otherwise you will be the looser like so many others. It is like you are driving a vehicle on a very busy road, assume if you won’t manage the speed and breaks and don’t keep the vision in your mind what will happen?
Similarly on the road of Forex trading you need to drive your trade with the control by the management of risk (how much you can bear), money (how much money do you think can save you today), Sentiments (what is the volatility position and how you do control your sentiments during a live forex trade)
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