PKR continues to rise against USD, gains 12 paisa in interbank market

MG News | January 24, 2024 at 03:42 PM GMT+05:00

0:00

January 24, 2024 (MLN): The Pakistani rupee (PKR) appreciated by 11.9 paisa against the US dollar in Wednesday's interbank session as the currency settled the trade at PKR 279.67 per USD, compared to the previous session's closing of PKR 279.79 per USD.

Throughout the session, the currency saw an intraday high (bid) of 279.9 and a low (ask) of 279.6.

In the open market, exchange companies quoted the dollar at 278.81 for buying and 280.86 for selling.

In comparison to major currencies, PKR gained 82.89 paisa against the Euro, closing at 304.2 compared to the previous value of 305.03.

The British Pound became cheaper by 71.09 paisa closing at 355.63 compared to 356.34 from a day ago.

The Swiss franc saw losses of 30.45 paisa, closing at 322.32 compared to 322.62 from the previous session.

Against the Japanese Yen, PKR gained 0.58 paisa, closing at 1.8935 versus 1.8993 a day ago.

The Chinese Yuan gained 0.74 paisa, closing at 39.03 against 39.03 from the previous session.

The Saudi Riyal closed at 74.57 with a loss of 2.88 paisa from its value of 74.6 a day ago.

The U.A.E Dirham decreased in value by 3.34 paisa from 76.14 a day ago to 76.18.

During the current financial year, PKR has appreciated against the Dollar by 6.32 rupees or 2.26%. While the current calendar year has seen PKR appreciate by 2.19 rupees or 0.78%.

In the Money Market, the benchmark 6 Month Karachi Interbank Bid and Offer rates inched down by 3 bps to 20.57% and 20.82%.

Performance Summary

Currency	Jan 24, 2024	Jan 23, 2024	Change	1 Month	FYTD	CYTD	1 Day	7 Day	1 Month	MTD	FYTD	CYTD
USD	279.6738	279.7928	0.119	2.8548	6.3167	2.1869	0.04%	0.15%	1.02%	0.78%	2.26%	0.78%
EUR	304.2012	305.0301	0.8289	6.6085	8.7296	7.2971	0.27%	0.08%	2.17%	2.4%	2.87%	2.4%
GBP	355.6332	356.3441	0.7109	3.0228	8.5041	2.964	0.2%	-0.32%	0.85%	0.83%	2.39%	0.83%
CHF	322.3163	322.6208	0.3045	7.5286	-2.5595	12.7535	0.09%	0.76%	2.34%	3.96%	-0.79%	3.96%
JPY	1.8935	1.8993	0.0058	0.0929	0.0988	0.096	0.31%	0.03%	4.91%	5.07%	5.22%	5.07%
SAR	74.5727	74.6015	0.0288	0.7412	1.6813	0.5901	0.04%	0.15%	0.99%	0.79%	2.25%	0.79%
AED	76.1442	76.1776	0.0334	0.7888	1.7176	0.5985	0.04%	0.15%	1.04%	0.79%	2.26%	0.79%
CNY	39.0328	39.0254	-0.0074	0.5168	0.6369	0.5986	-0.02%	-0.29%	1.32%	1.53%	1.63%	1.53%

52 Week Performance

Currency	High	Low	Trading Band	% Since High	% Since Low	High Date	Low Date	Days Since High	Days Since Low
USD	230.895	307.1	76.205	-17.44%	9.81%	25-Jan-23	05-Sep-23	364	141
EUR	251.283	332.701	81.4179	-17.4%	9.37%	25-Jan-23	31-Aug-23	364	146
GBP	284.197	387.972	103.7756	-20.09%	9.09%	25-Jan-23	31-Aug-23	364	146
CHF	249.805	347.163	97.3581	-22.5%	7.71%	25-Jan-23	31-Aug-23	364	146
JPY	1.7702	2.2178	0.4476	-6.51%	17.13%	25-Jan-23	11-May-23	364	258
SAR	61.494	81.8703	20.3763	-17.54%	9.79%	25-Jan-23	05-Sep-23	364	141
AED	62.8635	83.6089	20.7454	-17.44%	9.8%	25-Jan-23	05-Sep-23	364	141
CNY	34.0327	43.0908	9.0581	-12.81%	10.4%	25-Jan-23	11-May-23	364	258

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