In an extraordinary streak, the Pakistani Rupee (PKR) has been on the rise for seventeen consecutive sessions against the US Dollar (USD) in September. This month, the PKR is the best-performing currency in the globe due to its remarkable performance.
In the most recent trading session, the PKR appreciated against the USD by Rs 1.01, or 0.35 percent, to close at Rs 287.74. This is the strongest rupee closing rate in seven weeks, extending back to 10 August.
Despite a depreciation of over 21 percent this year and a drop of 0.6% in the current fiscal year, September marked a turning point with a gain of over 6%.
It is noteworthy that the USD reached a ten-month high against significant currencies on Wednesday, and that many other currencies have weakened against the USD throughout the month of September.
In addition, the Pakistan Rupee displayed strength against other major currencies on the interbank market, appreciating by Rs. 2.58 against the Euro (EUR), Rs. 0.85 against the British Pound (GBP), and Rs. 0.87 against the Australian Dollar (AUD).
This month’s exceptional performance by the PKR reflects positive economic trends and is garnering global attend