PKR's 150-day winning streak leaves dollar in the dust

April 30, 2026 (MLN): The Pakistani Rupee continued its upward trajectory against the US Dollar on Thursday, appreciating by 3.02 paisa in the interbank market to close at PKR 278.77 per dollar, compared to the previous session’s closing of 278.80.

During the trading session, the local unit remained largely stable, recording an intraday high (bid) of 279.05 and a low (ask) of 278.75, indicating a relatively narrow trading band.

In the open market, exchange companies quoted the dollar at PKR 278.80 for buying and PKR 279.85 for selling, reflecting minimal disparity between interbank and curb rates.

The rupee’s steady performance underscores a balanced demand-supply dynamic in the foreign exchange market.

A key highlight remains the rupee’s exceptional consistency, as it has now appreciated against the dollar for 150 consecutive sessions.

Over this prolonged period, the currency has strengthened by Rs2.6515, or 0.95%, marked one of the longest sustained appreciation streaks in recent history.

Notably, the last time the rupee recorded a depreciation against the dollar was on September 24, 2025.

Against other major currencies, the rupee also posted gains across the board.

It appreciated by 49.53 paisa (0.15%) against the Euro to close at 325.69, while rising by 29.17 paisa (0.08%) versus the British Pound to settle at 376.09.

The local unit strengthened by 46.29 paisa (0.13%) against the Swiss Franc to 352.77 and gained 0.51 paisa (0.29%) against the Japanese Yen to close at 1.7410.

Similarly, the rupee edged higher against regional and Middle Eastern currencies, appreciating by 2.06 paisa (0.05%) against the Chinese Yuan to 40.79.

It also inched up by 0.41 paisa (0.01%) against the Saudi Riyal to 74.33 and by 0.83 paisa (0.01%) versus the UAE Dirham to 75.90.

On a broader scale, the rupee has appreciated by Rs4.99, or 1.79%, against the dollar during the ongoing fiscal year, while gaining Rs1.35, or 0.48%, so far in the current calendar year.

This shows a gradual strengthening trend supported by improving external account dynamics.

In the money market, the benchmark six-month Karachi Interbank Bid and Offer rates rose by 7 basis points, settling at 11.71% and 11.96%, respectively, indicating a slight tightening in short-term liquidity conditions.

Performance Summary

52 Week Performance

Copyright Mettis Link News