PKR depreciates by around 48 paisa against greenback

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MG News | August 08, 2023 at 03:48 PM GMT+05:00

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August 08, 2023 (MLN): The Pakistani rupee (PKR) depreciated by around 48 paisa against the US dollar in Tuesday's interbank session as the currency settled the trade at PKR 287.91 per USD, compared to the previous session's closing of PKR 287.43 per USD.

The currency saw an intraday high (bid) of 288 and a low (ask) of 287.9.

In the open market, Exchange Companies quoted the dollar at 294 for buying and 297 for selling.

In comparison to major currencies, PKR lost 14.09 paisa against the Euro, closing at 316.012 compared to the previous value of 315.871.

The British Pound became more expensive by 97.37 paisa closing at 367.145 compared to 366.171 from a day ago.

The Swiss franc saw gains of 21.24 paisa, closing at 329.042 compared to 328.829 from the previous session.

Against the Japanese Yen, PKR gained 1.07 paisa, closing at 2.0112 versus 2.0219 a day ago.

The Chinese Yuan lost 4.79 paisa, closing at 39.92 against 39.97 from the previous session.

The Saudi Riyal increased in value by 13.22 paisa from 78.25 a day ago to 78.39.

The U.A.E Dirham closed at 76.75 with a gain of 12.84 paisa from its value of 76.62 a day ago.

During the current financial year, PKR has depreciated against the Dollar by 1.92 rupees or 0.67%. While the current calendar year has seen PKR depreciate by 61.48 rupees or 21.35%.

In the Money Market, the benchmark 6-Month Karachi Interbank Bid and Offer rates inched up by 1 bps to 22.69% and 22.94%.

Performance Summary

Currency Aug 08, 2023 Aug 07, 2023 Change 1 Month FYTD CYTD 1 Day % 7 Day % 1 Month % MTD % FYTD % CYTD %
USD 287.91 287.43 -0.48 -10.01 -1.92 -61.48 -0.17 -0.13 -3.48 -0.44 -0.67 -21.35
EUR 316.012 315.87 -0.14 -13.77 -3.08 -74.70 -0.04 -0.07 -4.36 0.04 -0.97 -23.64
GBP 367.15 366.17 -0.97 -13.22 -3.007 -94.07 -0.27 0.29 -3.60 0.35 -0.82 -25.62
CHF 329.04 328.83 -0.212 -18.80 -9.29 -84.01 -0.06 -0.17 -5.71 0.13 -2.82 -25.53
JPY 2.011 2.022 0.0107 -0.072 -0.019 -0.30 0.53 0.16 -3.58 0.07 -0.94 -14.80
SAR 76.75 76.62 -0.13 -2.67 -0.49 -16.54 -0.17 -0.15 -3.48 -0.44 -0.64 -21.55
AED 78.39 78.25 -0.13 -2.73 -0.52 -16.73 -0.17 -0.13 -3.48 -0.44 -0.67 -21.35
CNY 39.92 39.97 0.048 -1.57 -0.25 -7.35 0.12 0.52 -3.92 0.46 -0.62 -18.42

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 -25.71 3.83 16-Aug-22 11-May-23 357 89
EUR 211.28 326.85 115.57 -33.14 3.43 11-Oct-22 11-May-23 301 89
GBP 240.03 376.33 136.30 -34.62 2.50 11-Oct-22 11-May-23 301 89
CHF 217.64 334.23 116.59 -33.86 1.58 11-Oct-22 11-May-23 301 89
JPY 1.47 2.22 0.75 -27.03 10.27 21-Oct-22 11-May-23 291 89
SAR 56.97 79.71 22.73 -25.76 3.85 16-Aug-22 11-May-23 357 89
AED 58.23 81.41 23.1722 -25.71 3.85 16-Aug-22 11-May-23 357 89
CNY 30.07 43.09 13.0195 -24.67 7.95 25-Oct-22 11-May-23 287 89

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