The rupee up against US Dollar trend continued for the 40th straight session, marking one of the most stable periods for the Pakistani currency in recent years. Despite the gain being marginal, the PKR still managed to close in the green and extend its positive streak. The rupee up against US Dollar narrative also reflects improving sentiment in the interbank market.
During Thursday’s closing, the PKR appreciated by 0.003% day-on-day (DoD), adding one paisa and settling at Rs. 280.65 against the USD. While the increase seems small, its consistency over 40 days indicates controlled demand, stronger inflows, and improved macroeconomic signals.
On a fiscal year-to-date (FYTD) basis, the PKR has now gained 1.14% against the US Dollar — reinforcing confidence in its ongoing upward trajectory.
Rupee Up Against US Dollar but Mixed Movement Against Other Currencies
Even though the rupee up against US Dollar narrative dominated the day, the PKR showed mixed performance against other major global currencies. Most movements were small, but they add important context to Pakistan’s broader currency landscape.
Stable Against UAE Dirham & Saudi Riyal
The PKR remained largely stable against both the UAE Dirham (AED) and the Saudi Riyal (SAR) — two of the most important currencies for overseas remittances and trade settlements.
- AED: 76.4178 (minor drop of 0.0057)
- SAR: 74.8325 (gain of 0.0066)
Stability against these currencies is essential as they drive the majority of Pakistan’s remittance inflows.
Gains Against Euro, Pound & Canadian Dollar
A strong point today was the PKR’s improvement against several key global currencies, highlighting broad-based resilience — not just the rupee up against US Dollar movement.
- Euro (EUR): PKR gained Rs. 1.83
- British Pound (GBP): PKR gained Rs. 2.06
- Canadian Dollar (CAD): PKR gained 92 paisas
This suggests that global market conditions and local economic steps are creating a favorable environment for the PKR.
Slight Weakness Against Australian Dollar
The only notable decline came against the Australian Dollar:
- AUD: PKR lost 11 paisas
This slight drop is mostly attributed to AUD’s global strengthening rather than PKR weakness.
Rupee Up Against US Dollar – Currency Table Overview
Below is the movement of major currencies across 18–20 November 2025.
| Currency | 18-Nov 2025 | 19-Nov 2025 | 20-Nov 2025 | Change +/- |
|---|---|---|---|---|
| USD | 280.6735 | 280.6616 | 280.6518 | 0.0098 |
| EUR | 325.4971 | 325.1325 | 323.2969 | 1.8356 |
| GBP | 369.3383 | 368.9017 | 366.8400 | 2.0617 |
| AUD | 182.0729 | 182.1915 | 181.6940 | 0.4975 |
| MYR | 67.3482 | 67.6864 | 67.4806 | 0.2058 |
| CNY | 39.4634 | 39.4778 | 39.4393 | 0.0385 |
| CAD | 199.8103 | 200.5514 | 199.6314 | 0.9200 |
| AED | 76.4195 | 76.4121 | 76.4178 | -0.0057 |
| SAR | 74.8403 | 74.8391 | 74.8325 | 0.0066 |
The data reflects that although the rupee up against US Dollar trend was steady, even stronger gains were seen against the Euro, Pound, and Canadian Dollar.
Why the Rupee Up Against US Dollar Trend Continues
Several macroeconomic factors are supporting the PKR’s consistent appreciation:
Improved Dollar Inflows
- Higher remittances
- Increased export proceeds
- Controlled import payments
These factors reduce demand pressure on the USD.
Government FX Management Measures
Authorities have tightened:
- Anti-smuggling measures
- Hawala/hundi controls
- Monitoring of exchange companies
These steps helped stabilize the market and push the rupee up against US Dollar.
IMF-Driven Reforms
IMF compliance has boosted confidence:
- Fiscal discipline
- Market-based exchange rate
- Reforms in taxation and monetary policy
Such measures improve investor sentiment and reduce the panic-driven demand for USD.
Market Confidence & Positive Momentum
The psychological effect of a 40-day winning streak strengthens market confidence, encouraging more stability and reducing speculative buying.
Outlook – Can the Rupee Up Against US Dollar Trend Continue?
While no currency holds an indefinite upward streak, economic indicators currently favor the PKR.
Short-Term Outlook
- Stable to slightly positive
- Minor day-to-day fluctuations expected
Medium-Term Outlook
If reforms continue and inflows remain strong, the rupee up against US Dollar trend may hold.
Risk Factors to Watch
- Global oil price spikes
- Any delay in IMF reviews
- Unexpected import surges
- Geopolitical uncertainty
Conclusion
The rupee up against US Dollar for 40 straight days marks a significant moment for Pakistan’s economy. Although daily gains are small, they collectively indicate improved market discipline, better inflows, and a healthier currency environment.
The PKR’s broader performance — especially impressive gains against the Euro, Pound, and Canadian Dollar — further strengthens the narrative of economic stability.
If this momentum continues, the PKR may maintain its upward trend, providing relief to importers, businesses, and the overall economy.
