i want to invest in foreign currency but dont have any idea where to start or where from i can get actual and most recent rates. do they update the rates hourly or daily? i dont have any idea.
any help?

Answer
We will suggest you dont invest do trading by your own. This is not a rocket science. I can advice you best forex trading education course and its FREE really its free.

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how to hedge against falling PAKISTAN RUPEE?

I want to sell Pak Rupee in 2012 for US$ at current rate,,,,,, is it possible to do that based on forward forex trading?

Answer
I have no idea. Check with Forex to see if you can trade this currency.