Pakistani Rupee is the fastest depreciating currency in the region.
Pakistani Rupee During the first month of this year 2023 so far, the value of the dollar in Pakistan has increased by 16 percent. Which is the highest increase compare to any country’s currency in the region.
According to the details, the value of the dollar increased by 7 rupees 3 paisa or 2.6 percent in the interbank market on Monday, January 30, while the currencies of Bangladesh, Sri Lanka, Vietnam and the Philippines fell by 12 rupees. countries of the region. The decline was also limited to 0.1% to 0.7%.
While the currencies of the remaining 7 countries increased against the dollar. If the value of the currencies of different countries in the region is evaluated against the dollar, the currency of Vietnam is the lowest value, where the value of the dollar in the currency of Vietnam is 23 thousand 472 rupees, the second currency is the currency. Indonesia, where the value of the dollar is 14970 rupees, is on the third place. Korea is where the dollar is worth 1227.39 rupees.
currency of Sri Lanka
The currency of Sri Lanka is at the fourth position where the dollar is Rs 366.83 and the Pakistani rupee is at the fifth position. In Pakistan, the value of the dollar against the local currency reached Rs 269.63. Malaysia has the strongest currency in the region against the dollar.
The dollar is worth Rs 4.24. According to a Topline Securities report, Pakistan’s currency is the top depreciator overall in 2023. With a 16 percent decline in value. Followed by Bangladesh, which has lost 2.5 percent against the currency. . dollars in the rest of the region.
Currencies of 12 countries including Sri Lanka have increased.
On a year-on-year basis, Sri Lanka’s currency depreciated by 45.1 percent in a year. Followed by Pakistan, whose currency depreciated by 34.5 percent, while Bangladesh came in third with a decline of 18.8 percent.
