Today's PKR to LBP Price Update

Summary

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

Definition

The Pakistani Rupee (PKR) is a major fiat currency of South Asia, while the Lebanese Pound (LBP) serves as the official currency of Lebanon. The exchange rate between them reflects market sentiment regarding currency valuations and cross-border economic dynamics in the region.

Today’s Price

• 1 PKR = 319.17 LBP
• 24h High: 323.0289 LBP
• 24h Low: 316.9701 LBP

Market Analysis

Recently, PKR/LBP has demonstrated relative stability with minimal volatility. Over the past year, the pair has changed by -0.38%, trading within a 52-week range of 313.02 to 321.95 LBP.

• Technical Indicators: The 14-day Relative Strength Index (RSI) stands at 46.894, indicating a Neutral market condition with no clear overbought or oversold signals
• Short-term Outlook: Price forecasts suggest a potential decrease of -0.06% in the next month, with the rate expected to move from 320.23 to 320.03 LBP
• Trading Focus: Monitor support and resistance levels within the established 52-week range for potential entry and exit points

Conclusion

Continue to monitor the PKR/LBP pair closely. The neutral technical condition and stable year-to-date performance suggest a consolidation phase. Traders should remain vigilant for any breakouts beyond the 52-week range and watch for shifts in the RSI indicator that may signal emerging trading opportunities.