Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

Trending :

PKR depreciates by 1.11 rupees against USD

PKR sheds another 4 paisa against USD
Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp

July 24, 2023 (MLN): The Pakistani rupee (PKR) continues its downward trajectory, depreciating by 1.11 rupees against the US dollar in Monday’s interbank session to settle at PKR 287.92 per USD, compared to the previous session's closing of PKR 286.81 per USD.

The currency saw an intraday high (bid) of 288.4 and a low (ask) of 288.2.

In the open market, Exchange Companies quoted the dollar at 289 for buying and 292 for selling.

It is worth noting that the fall in the domestic currency today against the greenback marks the seventh consecutive trading session of losses.

Despite Pakistan receiving a significant boost in its foreign exchange reserves during the previous week, experts believe that the currency may still face pressure due to the removal of import restrictions and a backlog of inbound shipments that are expected to enter the country.

In comparison to major currencies, PKR gained 11.64 paisa against the Euro, closing at 319.018 compared to the previous value of 319.135.

The British Pound became more expensive by 89.8 paisa closing at 370.02 compared to 369.12 from a day ago.

The Swiss franc saw gains of 76.6 paisa, closing at 331.76 compared to 330.99 from the previous session.

Against the Japanese Yen, PKR lost 0.86 paisa, closing at 2.035 versus 2.027 a day ago.

The Chinese Yuan gained 0.54 paisa, closing at 39.97 against 39.96 from the previous session.

The Saudi Riyal increased in value by 30.15 paisa from 78.085 a day ago to 78.386.

The U.A.E Dirham closed at 76.761 with a gain of 29.03 paisa from its value of 76.47 a day ago.

During the current financial year, PKR has depreciated against the Dollar by 1.93 rupees or 0.67%. While the current calendar year has seen PKR depreciate by 61.49 rupees or 21.36%.

In the Money Market, the benchmark 6-Month Karachi Interbank Bid and Offer rates inched up by 1 bps to 22.89% and 23.14%.

Performance Summary

Currency Jul 24, 2023 Jul 21, 2023 Change 1 Month FYTD CYTD 1 Day % 7 Day % 1 Month % MTD % FYTD % CYTD %
USD 287.92 286.81 -1.11 -1.18 -1.93 -61.49 -0.39 -3.01 -0.41 -0.67 -0.67 -21.36
EUR 319.01 319.13 0.11 -7.35 -6.08 -77.71 0.04 -1.60 -2.30 -1.91 -1.91 -24.36
GBP 370.02 369.12 -0.89 -5.42 -5.88 -96.94 -0.24 -1.17 -1.47 -1.59 -1.59 -26.20
CHF 331.76 330.99 -0.76 -13.40 -12.008 -86.73 -0.23 -2.08 -4.04 -3.62 -3.62 -26.14
JPY 2.03 2.027 -0.0086 -0.028 -0.043 -0.32 -0.42 -1.03 -1.41 -2.13 -2.13 -15.82
SAR 76.76 76.47 -0.29 -0.32 -0.507 -16.55 -0.38 -3.03 -0.42 -0.66 -0.66 -21.57
AED 78.38 78.08 -0.30 -0.32 -0.52 -16.73 -0.38 -3.01 -0.41 -0.67 -0.67 -21.35
CNY 39.96 39.96 -0.0054 -0.031 -0.30 -7.40 -0.01 -2.61 -0.08 -0.75 -0.75 -18.52

52 Week Performance

Currency High Low Trading Band % Since High % Since Low High Date Low Date Days Since High Days Since Low
USD 213.89 298.93 85.03 -25.71 3.82 16-Aug-22 11-May-23 342 74
EUR 211.28 326.85 115.57 -33.77 2.46 11-Oct-22 11-May-23 286 74
GBP 240.028 376.32 136.29 -35.13 1.70 11-Oct-22 11-May-23 286 74
CHF 217.64 334.22 116.58 -34.40 0.74 11-Oct-22 11-May-23 286 74
JPY 1.46 2.21 0.75 -27.91 8.95 21-Oct-22 11-May-23 276 74
SAR 56.97 79.70 22.73 -25.78 3.84 16-Aug-22 11-May-23 342 74
AED 58.23 81.40 23.17 -25.71 3.85 16-Aug-22 11-May-23 342 74
CNY 30.07 43.09 13.02 -24.76 7.81 25-Oct-22 11-May-23 272 74

Copyright Mettis Link News

Posted on: 2023-07-24T16:11:39+05:00