Thursday, February 23, 2012

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.

As per Jan 6 stats of the currency rates in Pakistan Pak Rupee was on Rs. 90.3 selling and buying at Rs. 90.1 against USD, Rs. 115.55 selling and Rs. 115.29 against Euro, Rs. 24.58 selling and buying at Rs. 24.53 against UAE Dirham, Rs. 140.01 selling and Rs.139.7 buying.

Currency Market was closed on 7 and 8 Jan and the data was choppy during Jan 9 till today, the figures are in a passive passion and a little recovery seen at Jan 11, Pak Rupee standing at Rs. 89.9 selling and buying at Rs. 89.7 against USD, Rs.114.56 selling and Rs.114.31 against Euro, Rs.24.48 selling and buying at Rs. 24.42 against UAE Dirham, Rs. 138.95 selling and Rs.138.64 buying against British Pond.

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