Pak Rupee loses 9 paisa against greenback

By MG News | May 27, 2024 at 04:26 PM GMT+05:00

0:00

May 27, 2024 (MLN): The Pakistani rupee (PKR) depreciated by 9.03 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 277.02 for buying and 279.55 for selling.

In comparison to major currencies, PKR lost 68.22 paisa against the Euro, closing at 301.84 compared to the previous value of 301.16.

The British Pound became expensive by 1.05 rupees closing at 354.39 compared to 353.34 from a day ago.

The Swiss franc saw losses of 18.38 paisa, closing at 304.05 compared to 304.24 from the previous session.

Against the Japanese Yen, PKR lost 0.22 paisa, closing at 1.7736 versus 1.7714 a day ago.

The Chinese Yuan gained 1.17 paisa, closing at 38.41 against 38.4 from the previous session.

The Saudi Riyal closed at 74.2 with a gain of 2.6 paisa from its value of 74.18 a day ago.

The U.A.E Dirham increased in value by 2.77 paisa from 75.77 a day ago to 75.74.

During the current financial year, PKR has appreciated against the Dollar by 7.69 rupees or 2.76%. While the current calendar year has seen PKR appreciate by 3.56 rupees or 1.28%.

In the Money Market, the benchmark 6-month Karachi Interbank Bid and Offer rates inched down by 1 bps to 21.01% and 21.26%.

Performance Summary

Currency	May 27, 2024	May 24, 2024	Change	1 Month	FYTD	CYTD	1 Day	7 Day	1 Month	MTD	FYTD	CYTD
USD	278.3	278.2097	-0.0903	0.0883	7.6905	3.5607	-0.03%	0%	0.03%	0.01%	2.76%	1.28%
EUR	301.8442	301.162	-0.6822	-2.9665	11.0866	9.6541	-0.23%	0.25%	-0.98%	-1.29%	3.67%	3.2%
GBP	354.3872	353.3403	-1.0469	-5.9007	9.7501	4.21	-0.3%	-0.31%	-1.67%	-1.52%	2.75%	1.19%
CHF	304.0534	304.2372	0.1838	1.5991	15.7034	31.0164	0.06%	0.62%	0.53%	0.27%	5.16%	10.2%
JPY	1.7736	1.7714	-0.0022	0.011	0.2187	0.2159	-0.12%	0.76%	0.62%	0.07%	12.33%	12.17%
SAR	74.2034	74.1774	-0.026	0.0206	2.0506	0.9594	-0.04%	0%	0.03%	0%	2.76%	1.29%
AED	75.7712	75.7435	-0.0277	0.023	2.0906	0.9715	-0.04%	-0.01%	0.03%	0.01%	2.76%	1.28%
CNY	38.413	38.4013	-0.0117	0.0092	1.2567	1.2184	-0.03%	0.18%	0.02%	0.05%	3.27%	3.17%

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	328	265
EUR	291.618	332.701	41.083	-3.39%	10.22%	16-Oct-23	31-Aug-23	224	270
GBP	337.032	387.972	50.9401	-4.9%	9.48%	16-Oct-23	31-Aug-23	224	270
CHF	306.458	347.163	40.7049	0.79%	14.18%	13-Oct-23	31-Aug-23	227	270
JPY	1.851	2.1004	0.2494	4.36%	18.43%	16-Oct-23	01-Sep-23	224	269
SAR	73.4412	81.8703	8.4291	-1.03%	10.33%	04-Jul-23	05-Sep-23	328	265
AED	74.9888	83.6089	8.6201	-1.03%	10.34%	04-Jul-23	05-Sep-23	328	265
CNY	37.8634	42.0637	4.2003	-1.43%	9.5%	16-Oct-23	01-Sep-23	224	269

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