Pakistan Rupee Depreciates Against USD, CAD Hits New High

The Pakistani Rupee (PKR) has depreciated against the US Dollar (USD) for the first time in weeks, according to the State Bank of Pakistan's (SBP) Mark-to-Market Revaluation (M2M) exchange rates. The USD finished trading at 277.6036 in the ready market on August 19, 2026, after holding steady at 277.6522 on August 13. This represents a depreciation of around five paisa for the rupee against its US counterpart.

The Canadian Dollar (CAD), however, has moved sharply up to 200.0963 from 199.0125 - a greater than one paisa increase that lifted it beyond the psychological mark of 200 for the first time since mid-July. The British Pound (GBP) depreciated to 376.2500 from 374.2613, a gain of nearly two Pais that could put pressure on families exposed to the UK currency.

The forward curve continues to imply a gradual trend of rupee depreciation against many major currencies. The one-month dollar forward now stands at 279.3551, suggesting the market anticipates a depreciation of around 75 paisas over the next thirty days. Further out along the curve, the three-month forward at 281.9640 and the six-month forward at 284.6189 trace a steady upward slope seen since early July.