Pakistani rupee became the world’s best-performing currency in August

The Pakistani rupee is winning the war against the dollar in the month of August as it has gained a significant 11 percent against the US dollar.

The rupee made a fresh recovery of 0.71% (or Rs1.51) to a one-month high at Rs213.98, almost 11% (or Rs26) in the past 10 consecutive working days since hitting an all-time low close at Rs239.94 on July 28, 2022.

Topline Securities CEO Muhammad Sohail reported on his official Twitter handle, “After months of economic and political uncertainty, it’s heartening to see the Pakistani rupee and stock market post their highest ever performance in August. Demonstrators are outpacing all other countries, based on Bloomberg data.”