Today's QAR to PKR Price Update

Summary

This report provides the real-time exchange rate between the Qatari Riyal (QAR) and Pakistani Rupee (PKR), helping traders quickly grasp market dynamics and identify potential trading opportunities.

Definition

The Qatari Riyal (QAR) is the official currency of Qatar, while the Pakistani Rupee (PKR) is the primary fiat currency of Pakistan. The exchange rate between them reflects market conditions in the Gulf and South Asian regions, as well as investor confidence in both currencies’ stability and economic fundamentals.

Today’s Price

• 1 QAR = 77.02 PKR
• 24h High: 76.9806 PKR
• 24h Low: 76.9631 PKR

Market Analysis

Recent QAR/PKR price movements show relatively stable conditions with minimal volatility over the 24-hour period.

• Technical indicators: The 14-day RSI reading stands at 49.971, indicating neutral market conditions with no clear directional bias
• Market sentiment: Current sentiment in the QAR/PKR market is estimated as bearish, though technical indicators suggest neutral conditions
• Short-term trend: Technical analysis indicates a downtrend in the short term
• Trading opportunities: Monitor the current trading range for potential mean-reversion strategies within the established support and resistance levels

Conclusion

Continue to monitor the QAR/PKR pair closely, integrating technical analysis with market sentiment indicators. Traders should remain cautious given the bearish sentiment while respecting the neutral technical signals, and watch for potential breakout opportunities as market conditions evolve.