PKR depreciates by 11 paisa against USD

By MG News | June 24, 2024 at 03:41 PM GMT+05:00

0:00

June 24, 2024 (MLN): The Pakistani rupee (PKR) depreciated by 11.2 paisa against the US dollar in Monday's interbank session as the currency settled the trade at PKR 278.62 per USD, compared to the previous session's closing of PKR 278.51 per USD.

The currency saw an intraday high (bid) of 278.9 and a low (ask) of 278.65.

In the open market, exchange companies quoted the dollar at 277.75 for buying and 280.50 for selling.

In comparison to major currencies, PKR lost 88.59 paisa against the Euro, closing at 298.45 compared to the previous value of 297.56.

The British Pound became expensive by 30.89 paisa closing at 352.6 compared to 352.29 from a day ago.

The Swiss franc saw losses of 83.64 paisa, closing at 311.75 compared to 312.58 from the previous session.

Against the Japanese Yen, PKR gained 0.94 paisa, closing at 1.7447 versus 1.7541 a day ago.

The Chinese Yuan gained 1.18 paisa, closing at 38.37 against 38.36 from the previous session.

The Saudi Riyal closed at 74.27 with a gain of 3.19 paisa from its value of 74.24 a day ago.

The U.A.E Dirham increased in value by 2.74 paisa from 75.86 a day ago to 75.83.

During the current financial year, PKR has appreciated against the Dollar by 7.37 rupees or 2.64%. While the current calendar year has seen PKR appreciate by 3.24 rupees or 1.16%.

In the Money Market, the benchmark 6 Month Karachi Interbank Bid and Offer rates remained unchanged at 19.86% and 20.11%.

Performance Summary

Currency	Jun 24, 2024	Jun 21, 2024	Change	1 Month	FYTD	CYTD	1 Day	7 Day	1 Month	MTD	FYTD	CYTD
USD	278.6224	278.5104	-0.112	-0.4127	7.3681	3.2383	-0.04%	-0.04%	-0.15%	-0.11%	2.64%	1.16%
EUR	298.4464	297.5605	-0.8859	2.7156	14.4844	13.0519	-0.3%	-0.07%	0.91%	0.93%	4.85%	4.37%
GBP	352.5967	352.2878	-0.3089	0.7436	11.5406	6.0005	-0.09%	0.56%	0.21%	0.29%	3.27%	1.7%
CHF	311.7454	312.5818	0.8364	-7.5082	8.0114	23.3244	0.27%	0.07%	-2.41%	-1.34%	2.57%	7.48%
JPY	1.7447	1.7541	0.0094	0.0267	0.2476	0.2448	0.54%	1.32%	1.53%	1.51%	14.19%	14.03%
SAR	74.2716	74.2397	-0.0319	-0.0942	1.9824	0.8912	-0.04%	-0.05%	-0.13%	-0.09%	2.67%	1.2%
AED	75.8559	75.8285	-0.0274	-0.1124	2.0059	0.8868	-0.04%	-0.04%	-0.15%	-0.11%	2.64%	1.17%
CNY	38.368	38.3562	-0.0118	0.0333	1.3017	1.2634	-0.03%	0.04%	0.09%	0.17%	3.39%	3.29%

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	-1.14%	10.22%	04-Jul-23	05-Sep-23	356	293
EUR	291.618	332.701	41.083	-2.29%	11.48%	16-Oct-23	31-Aug-23	252	298
GBP	337.032	387.972	50.9401	-4.41%	10.03%	16-Oct-23	31-Aug-23	252	298
CHF	306.458	347.163	40.7049	-1.7%	11.36%	13-Oct-23	31-Aug-23	255	298
JPY	1.851	2.1004	0.2494	6.09%	20.39%	16-Oct-23	01-Sep-23	252	297
SAR	73.4412	81.8703	8.4291	-1.12%	10.23%	04-Jul-23	05-Sep-23	356	293
AED	74.9888	83.6089	8.6201	-1.14%	10.22%	04-Jul-23	05-Sep-23	356	293
CNY	37.8634	42.0637	4.2003	-1.32%	9.63%	16-Oct-23	01-Sep-23	252	297

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