PKR depreciates by around 19 paisa against USD

News Image

MG News | July 31, 2023 at 04:15 PM GMT+05:00

0:00

July 31, 2023 (MLN): The Pakistani rupee (PKR) depreciated by around 19 paisa against the US dollar in Monday's interbank session as the currency settled the trade at PKR 286.64 per USD, compared to the previous session's closing of PKR 286.45 per USD.

The currency saw an intraday high (bid) of 286.75 and a low (ask) of 286.5.

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

To note, the depreciation comes after the domestic currency appreciated by 35.89 paisa or 0.13% last week.

The appreciation was attributed to the extension of Pakistan’s $2.4 billion loan for a time span of two years by China Exim Bank and expectations for a generous inflow of $600 million from a consortium of two major Chinese banks in the coming days.

In comparison to major currencies, PKR gained 2.56 rupees against the Euro, closing at 316.15 compared to the previous value of 318.71.

The British Pound became cheaper by 3.38 rupees closing at 368.43 compared to 371.81 from a day ago.

The Swiss franc saw losses of 4.76 rupees, closing at 329.45 compared to 334.21 from the previous session.

Against the Japanese Yen, PKR gained 3.54 paisa, closing at 2.013 versus 2.048 a day ago.

The Chinese Yuan lost 3.24 paisa, closing at 40.1038 against 40.13 from the previous session.

The Saudi Riyal increased in value by 5.26 paisa from 77.98 a day ago to 78.04.

The U.A.E Dirham closed at 76.41 with a gain of 4.75 paisa from its value of 76.36 a day ago.

During the current financial year, PKR has depreciated against the Dollar by 65.11 paisa or 0.23%. While the current calendar year has seen PKR depreciate by 60.21 rupees or 21.01%.

In the Money Market, the benchmark 6-Month Karachi Interbank Bid and Offer rates inched up by 5 bps to 22.97% and 23.22%.

Performance Summary

Currency Jul 31, 2023 Jul 27, 2023 Change 1 Month FYTD CYTD 1 Day % 7 Day % 1 Month % MTD % FYTD % CYTD %
USD 286.64 286.45 -0.18 -0.65 -0.65 -60.21 -0.07 0.45 -0.23 -0.23 -0.23 -21.01
EUR 316.15 318.70 2.55 -3.22 -3.22 -74.84 0.81 0.91 -1.02 -1.02 -1.02 -23.67
GBP 368.43 371.81 3.38 -4.29 -4.30 -95.36 0.92 0.43 -1.17 -1.17 -1.17 -25.88
CHF 329.45 334.21 4.75 -9.69 -9.69 -84.42 1.44 0.70 -2.94 -2.94 -2.94 -25.63
JPY 2.013 2.04 0.035 -0.02 -0.020 -0.30 1.76 1.14 -1.01 -1.01 -1.01 -14.86
SAR 76.41 76.36 -0.048 -0.15 -0.16 -16.21 -0.06 0.46 -0.21 -0.21 -0.21 -21.21
AED 78.04 77.98 -0.053 -0.17 -0.18 -16.38 -0.07 0.45 -0.23 -0.23 -0.23 -21.00
CNY 40.10 40.13 0.032 -0.43 -0.43 -7.54 0.08 -0.33 -1.08 -1.08 -1.08 -18.80

52 Week Performance

Currency High Low Trading Band % Since High % Since Low High Date Low Date Days Since High Days Since Low
USD 213.90 298.93 85.03 -25.38 4.29 16-Aug-22 11-May-23 349 81
EUR 211.28 326.85 115.57 -33.17 3.38 11-Oct-22 11-May-23 293 81
GBP 240.03 376.32 136.29 -34.85 2.14 11-Oct-22 11-May-23 293 81
CHF 217.64 334.22 116.58 -33.94 1.45 11-Oct-22 11-May-23 293 81
JPY 1.47 2.21 0.75 -27.08 10.19 21-Oct-22 11-May-23 283 81
SAR 56.97 79.70 22.73 -25.44 4.31 16-Aug-22 11-May-23 349 81
AED 58.23 81.40 23.17 -25.38 4.31 16-Aug-22 11-May-23 349 81
CNY 30.07 43.09 13.02 -25.02 7.45 25-Oct-22 11-May-23 279 81

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 138,527.35
265.34M
1.57%
2147.38
ALLSHR 85,658.52
691.12M
1.19%
1010.17
KSE30 42,290.61
92.08M
1.79%
744.38
KMI30 195,093.38
98.38M
1.76%
3373.61
KMIALLSHR 56,380.50
395.97M
0.99%
552.76
BKTi 38,446.34
14.55M
1.64%
618.74
OGTi 27,717.33
12.24M
0.17%
46.66
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 119,325.00 119,915.00
118,035.00
-305.00
-0.26%
BRENT CRUDE 68.42 69.01
68.27
-0.10
-0.15%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
0.95
0.99%
ROTTERDAM COAL MONTHLY 104.50 0.00
0.00
-0.65
-0.62%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.43 66.99
66.29
0.05
0.08%
SUGAR #11 WORLD 16.80 16.84
16.54
0.24
1.45%

Chart of the Day


Latest News
July 17, 2025 at 02:52 PM GMT+05:00

SLCL signals revival with credit settlements underway


July 17, 2025 at 02:42 PM GMT+05:00

Fateh Sports Wear looks to resume operations soon


July 17, 2025 at 01:47 PM GMT+05:00

OMO Result: SBP injects over Rs902bn


July 17, 2025 at 01:03 PM GMT+05:00

Global value chains drove growth in developing nations



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg