Today's PKR to JMD Price Update

Summary

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

Definition

The Pakistani Rupee (PKR) is a major fiat currency in South Asia, while the Jamaican Dollar (JMD) represents the currency of Jamaica. The exchange rate between them reflects market dynamics and currency valuation in emerging markets, providing insights into regional economic conditions and cross-border trading opportunities.

Today’s Price

• 1 PKR = 0.567 JMD
• 24h High: 0.56992 JMD
• 24h Low: 0.56545 JMD

Market Analysis

The PKR/JMD pair has shown relatively modest volatility in the 24-hour period. Over the past year, the pair has appreciated by 1.7100%, trading within a 52-week range of 0.5572 to 0.5767.

• Technical Indicator: The 14-day Relative Strength Index (RSI) stands at 35.082, indicating an oversold condition and suggesting a potential Sell signal
• Support and Resistance Levels: The pair is currently trading near mid-range levels within its yearly trading band
• Risk Note: The oversold RSI reading suggests caution; traders should monitor for potential mean reversion or continued downside pressure

Conclusion

Continue to monitor the PKR/JMD pair closely, paying particular attention to the oversold technical conditions indicated by the RSI. Traders should remain vigilant for potential support holds or reversals at key technical levels within the established 52-week range.