State Bank of Pakistan Daily Exchange Rates of 19 August 2024

 

State Bank Exchange Rate of 16 August

The interbank closing exchange rate was 278.54 Pakistani Rupees (PKR) per US Dollar (USD) on August 16, as reported by the State Bank of Pakistan. This is a significant rate because it sets a benchmark for currency transactions and reflects how the market values the Rupee against the Dollar.

Interbank Closing Rate of 19 August

By August 19, the exchange rate had only slightly adjusted to 278.44 PKR per USD. This slight decrease in value by 0.10 PKR indicates a small fluctuation in exchange rates over a day period which mirrors ongoing market dynamics and macroeconomic conditions that affect currency value. The interbank closing rate of 19 August 2024 is 278.44 in Pakistan

Various financial activities including international trade, investment decisions, and economic planning depend on daily exchange rates provided by the State Bank of Pakistan. For forex currency traders such as banks, companies, and investors, these rates offer valuable insight into the trends and stability of the Pakistani rupee.

These updates underscored why one needs to consistently monitor exchange rates because even minor alterations can have an effect on financial operations as well as future economic outlooks. 

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