PKR depreciates by around 48 paisa against greenback

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

0:00

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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