European currencies fell sharply against the Pakistani rupee at the start of Budget Week, while the PKR continued its steady strengthening trend against major global currencies.
The rupee extended its winning streak against the US dollar for the 174th consecutive session on Monday, closing at 278.40 after a marginal gain of one paisa.
Market data showed broad-based weakness in European and other major currencies against the PKR during the week’s opening session.
The euro and British pound recorded notable declines, while the Australian dollar also slipped significantly. The Canadian dollar, UAE dirham, and Saudi riyal posted smaller movements, reflecting overall mild but consistent rupee strength across the board.
Analysts expect the rupee’s gradual appreciation trend against the US dollar to potentially extend further in the coming months if current conditions persist.
Currency Movement Snapshot (03–08 June 2026)
- USD: 278.4518 → 278.4033 (↓ 0.0084)
- EUR: 323.4218 → 320.6789 (↓ 3.3227)
- GBP: 374.6430 → 371.0977 (↓ 3.2964)
- AUD: 199.5107 → 196.3161 (↓ 2.2749)
- MYR: 69.7525 → 68.3702 (↓ 0.6804)
- CNY: 41.1187 → 41.0391 (↓ 0.0858)
- CAD: 200.9975 → 199.5651 (↓ 0.9402)
- AED: 75.8187 → 75.7952 (↓ 0.0105)
- SAR: 74.1767 → 74.1104 (↓ 0.0457)
Overall, the Pakistani rupee showed broad stability with mild gains against most major currencies at the start of the budget week.
