Pak Rupee falls by over 8 paisa against USD

By MG News | May 20, 2024 at 04:26 PM GMT+05:00

0:00

May 20, 2024 (MLN): The Pakistani rupee (PKR) depreciated by 8.54 paisa against the US dollar in Monday's interbank session as the currency settled the trade at PKR 278.3 per USD, compared to the previous session's closing of PKR 278.21 per USD.

The currency saw an intraday high (bid) of 278.5 and a low (ask) of 278.3.

In the open market, exchange companies quoted the dollar at 277.3 for buying and 279.8 for selling.

In comparison to major currencies, PKR lost 74.67 paisa against the Euro, closing at 302.59 compared to the previous value of 301.84.

The British Pound became expensive by 1.35 rupees closing at 353.3 compared to 351.95 from a day ago.

The Swiss franc saw losses of 20.9 paisa, closing at 305.94 compared to 306.15 from the previous session.

Against the Japanese Yen, PKR lost 0.24 paisa, closing at 1.7871 versus 1.7847 a day ago.

The Chinese Yuan lost 3.26 paisa, closing at 38.48 against 38.51 from the previous session.

The Saudi Riyal closed at 74.2 with a gain of 2.08 paisa from its value of 74.18 a day ago.

The U.A.E Dirham increased in value by 2.33 paisa from 75.77 a day ago to 75.74.

During the current financial year, PKR has appreciated against the Dollar by 7.7 rupees or 2.77%. While the current calendar year has seen PKR appreciate by 3.57 rupees or 1.28%.

In the Money Market, the benchmark 6 Month Karachi Interbank Bid and Offer rates inched down by 2 bps to 21.02% and 21.27%.

Performance Summary

Currency	May 20, 2024	May 17, 2024	Change	1 Month	FYTD	CYTD	1 Day	7 Day	1 Month	MTD	FYTD	CYTD
USD	278.2951	278.2097	-0.0854	0.0123	7.6954	3.5656	-0.03%	-0.04%	0%	0.01%	2.77%	1.28%
EUR	302.5903	301.8436	-0.7467	-6.1512	10.3405	8.908	-0.25%	-0.93%	-2.03%	-1.53%	3.42%	2.94%
GBP	353.2957	351.9492	-1.3465	-7.0118	10.8416	5.3015	-0.38%	-1.37%	-1.98%	-1.22%	3.07%	1.5%
CHF	305.9365	306.1455	0.209	0.4345	13.8203	29.1333	0.07%	0.28%	0.14%	-0.35%	4.52%	9.52%
JPY	1.7871	1.7847	-0.0024	0.0154	0.2052	0.2024	-0.13%	-0.14%	0.86%	-0.68%	11.48%	11.33%
SAR	74.2021	74.1813	-0.0208	-0.0145	2.0519	0.9607	-0.03%	-0.03%	-0.02%	0%	2.77%	1.29%
AED	75.7668	75.7435	-0.0233	0.0126	2.095	0.9759	-0.03%	-0.03%	0.02%	0.01%	2.77%	1.29%
CNY	38.4819	38.5145	0.0326	-0.0483	1.1878	1.1495	0.08%	-0.07%	-0.13%	-0.13%	3.09%	2.99%

52 Week Performance

Currency	High	Low	Trading Band	% Since High	% Since Low	High Date	Low Date	Days Since High	Days Since Low
USD	275.438	307.1	31.6619	-1.03%	10.35%	04-Jul-23	05-Sep-23	321	258
EUR	291.618	332.701	41.083	-3.63%	9.95%	16-Oct-23	31-Aug-23	217	263
GBP	337.032	387.972	50.9401	-4.6%	9.82%	16-Oct-23	31-Aug-23	217	263
CHF	306.458	347.163	40.7049	0.17%	13.48%	13-Oct-23	31-Aug-23	220	263
JPY	1.851	2.1004	0.2494	3.58%	17.53%	16-Oct-23	01-Sep-23	217	262
SAR	73.4412	81.8703	8.4291	-1.03%	10.33%	04-Jul-23	05-Sep-23	321	258
AED	74.9888	83.6089	8.6201	-1.03%	10.35%	04-Jul-23	05-Sep-23	321	258
CNY	37.8634	42.0637	4.2003	-1.61%	9.31%	16-Oct-23	01-Sep-23	217	262

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