PKR continues to slide, sheds 8 paisa against USD

By MG News | July 31, 2024 at 04:06 PM GMT+05:00

0:00

July 31, 2024 (MLN): The Pakistani rupee (PKR) depreciated by 8.46 paisa against the US dollar in Wednesday's interbank session as the currency settled the trade at PKR 278.74 per USD, compared to the previous session's closing of PKR 278.66 per USD.

The currency saw an intraday high (bid) of 278.95 and a low (ask) of 278.75.

In the open market, exchange companies quoted the dollar at 278.5 for buying and 280.6 for selling.

In comparison to major currencies, PKR gained 14.55 paisa against the Euro, closing at 301.43 compared to the previous value of 301.58.

The British Pound became cheaper by 39.3 paisa closing at 357.78 compared to 358.17 from a day ago.

The Swiss franc saw gains of 2.06 rupees, closing at 316.37 compared to 314.32 from the previous session.

Against the Japanese Yen, PKR lost 5.28 paisa, closing at 1.8516 versus 1.7988 a day ago.

The Chinese Yuan gained 17.63 paisa, closing at 38.59 against 38.42 from the previous session.

The Saudi Riyal closed at 74.3 with a gain of 2.06 paisa from its value of 74.28 a day ago.

The U.A.E Dirham increased in value by 2.3 paisa from 75.89 a day ago to 75.87.

During the current financial year, PKR has depreciated against the Dollar by 40.07 paisa or 0.14%. While the current calendar year has seen PKR appreciate by 3.12 rupees or 1.12%.

In the Money Market, the benchmark 6 Month Karachi Interbank Bid and Offer rates inched up by 5 bps to 19.2% and 19.45%.

Performance Summary

Currency	Jul 31, 2024	Jul 30, 2024	Change	1 Month	FYTD	CYTD	1 Day	7 Day	1 Month	MTD	FYTD	CYTD
USD	278.7419	278.6573	-0.0846	-0.4007	-0.4007	3.1188	-0.03%	-0.09%	-0.14%	-0.14%	-0.14%	1.12%
EUR	301.4314	301.5769	0.1455	-3.7454	-3.7454	10.0669	0.05%	0.04%	-1.24%	-1.24%	-1.24%	3.34%
GBP	357.7791	358.1721	0.393	-5.8583	-5.8583	0.8181	0.11%	0.29%	-1.64%	-1.64%	-1.64%	0.23%
CHF	316.3746	314.3165	-2.0581	-6.969	-6.969	18.6952	-0.65%	-1.16%	-2.2%	-2.2%	-2.2%	5.91%
JPY	1.8516	1.7988	-0.0528	-0.1218	-0.1218	0.1379	-2.85%	-2.71%	-6.58%	-6.58%	-6.58%	7.45%
SAR	74.2975	74.2769	-0.0206	-0.1028	-0.1028	0.8653	-0.03%	-0.07%	-0.14%	-0.14%	-0.14%	1.16%
AED	75.8894	75.8664	-0.023	-0.109	-0.109	0.8533	-0.03%	-0.09%	-0.14%	-0.14%	-0.14%	1.12%
CNY	38.5917	38.4154	-0.1763	-0.2865	-0.2865	1.0397	-0.46%	-0.81%	-0.74%	-0.74%	-0.74%	2.69%

52 Week Performance

Currency	High	Low	Trading Band	% Since High	% Since Low	High Date	Low Date	Days Since High	Days Since Low
USD	276.835	307.1	30.265	-0.68%	10.17%	16-Oct-23	05-Sep-23	289	330
EUR	291.618	332.701	41.083	-3.26%	10.37%	16-Oct-23	31-Aug-23	289	335
GBP	337.032	387.972	50.9401	-5.8%	8.44%	16-Oct-23	31-Aug-23	289	335
CHF	306.458	347.163	40.7049	-3.13%	9.73%	13-Oct-23	31-Aug-23	292	335
JPY	1.851	2.1004	0.2494	-0.03%	13.44%	16-Oct-23	01-Sep-23	289	334
SAR	73.8029	81.8703	8.0674	-0.67%	10.19%	16-Oct-23	05-Sep-23	289	330
AED	75.3681	83.6089	8.2408	-0.69%	10.17%	16-Oct-23	05-Sep-23	289	330
CNY	37.8634	42.0637	4.2003	-1.89%	9%	16-Oct-23	01-Sep-23	289	334

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