Dear sirs,
Please inform if the exchange rate USD to PKR wil go down or up during and just after Eid holidays?
Any one has idea or experience based on previous year trends?
MM replied on Monday, October 22, 2012 12:43 AM
IMO - In my humble Opinion...
After Eid, It will stay between 95-96 range and PK Rs will be get strength in next 2-6 months due to the following reason.
Election campaign: Money is needed to heat up election campaign and the Polititons will sell their foreign currencies and buy Pk Rupees.
Regards,
MM |
