PKR continues to suffer, down by 7 paisa per USD

MG News | September 04, 2024 at 03:56 PM GMT+05:00

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September 04, 2024 (MLN): The Pakistani rupee (PKR) depreciated by 6.68 paisa or 0.02% against the US dollar in Wednesday's interbank session to settle the trade at PKR 278.77 per USD, compared to previous closing of 278.70.

Throughout the day, the currency saw an intraday high (bid) of 278.95 and a low (ask) of 278.80.

In the open market, exchange companies quoted the dollar at 279.02 for buying and 280.00 for selling.

In comparison to major currencies, PKR gained 10.74 paisa against the Euro, closing at 308.08 compared to the previous value of 308.19.

The British Pound became cheaper by 5.18 paisa closing at 365.67 compared to 365.72 from a day ago.

The Swiss franc saw gains of 1.73 rupees, closing at 328.41 compared to 326.67 from the previous session.

Against the Japanese Yen, PKR lost 1.18 paisa, closing at 1.9209 versus 1.9091 a day ago.

The Chinese Yuan gained 2.68 paisa, closing at 39.19 against 39.16 from the previous session.

The Saudi Riyal closed at 74.27 with a gain of 0.79 paisa from its value of 74.27 a day ago.

The U.A.E Dirham increased in value by 1.82 paisa from 75.9 a day ago to 75.88.

During the current financial year, PKR has depreciated against the Dollar by 42.56 paisa or 0.15%. While the current calendar year has seen PKR appreciate by 3.09 rupees or 1.11%.

In the Money Market, the benchmark 6 Month Karachi Interbank Bid and Offer rates inched down by 7 bps to 17.57% and 17.82%.

Performance Summary

Currency	Sep 04, 2024	Sep 03, 2024	Change	1 Month	FYTD	CYTD	1 Day	7 Day	1 Month	MTD	FYTD	CYTD
USD	278.7668	278.7	-0.0668	-0.1379	-0.4256	3.0939	-0.02%	-0.11%	-0.05%	-0.08%	-0.15%	1.11%
EUR	308.0791	308.1865	0.1074	-2.5904	-10.3931	3.4192	0.03%	0.86%	-0.84%	0.23%	-3.37%	1.11%
GBP	365.6723	365.7241	0.0518	-8.7069	-13.7515	-7.0751	0.01%	0.76%	-2.38%	0.46%	-3.76%	-1.93%
CHF	328.4052	326.6718	-1.7334	-0.7799	-18.9996	6.6646	-0.53%	0.56%	-0.24%	0%	-5.79%	2.03%
JPY	1.9209	1.9091	-0.0118	0.026	-0.1911	0.0686	-0.61%	0.27%	1.35%	0.01%	-9.95%	3.57%
SAR	74.2744	74.2665	-0.0079	-0.0505	-0.0797	0.8884	-0.01%	-0.09%	-0.07%	-0.06%	-0.11%	1.2%
AED	75.8983	75.8801	-0.0182	-0.0396	-0.1179	0.8444	-0.02%	-0.11%	-0.05%	-0.08%	-0.16%	1.11%
CNY	39.1912	39.1644	-0.0268	-0.1689	-0.886	0.4402	-0.07%	-0.33%	-0.43%	0.25%	-2.26%	1.12%

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	306.98	30.1449	-0.69%	10.12%	16-Oct-23	06-Sep-23	324	364
EUR	291.618	329.481	37.8637	-5.34%	6.95%	16-Oct-23	06-Sep-23	324	364
GBP	337.032	385.459	48.4267	-7.83%	5.41%	16-Oct-23	06-Sep-23	324	364
CHF	306.458	344.921	38.4628	-6.68%	5.03%	13-Oct-23	06-Sep-23	327	364
JPY	1.851	2.0824	0.2314	-3.64%	8.41%	16-Oct-23	06-Sep-23	324	364
SAR	73.8029	81.8361	8.0332	-0.63%	10.18%	16-Oct-23	06-Sep-23	324	364
AED	75.3681	83.5751	8.207	-0.7%	10.11%	16-Oct-23	06-Sep-23	324	364
CNY	37.8634	42.0134	4.15	-3.39%	7.2%	16-Oct-23	06-Sep-23	324	364

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