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PKR drops another 10 paisa against USD

PKR gains 19 paisa against USD
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May 30, 2024 (MLN): The Pakistani rupee (PKR) depreciated by 9.94 paisa against the US dollar in Thursday's interbank session as the currency settled the trade at PKR 278.5 per USD, compared to the previous session's closing of PKR 278.4 per USD.

The currency saw an intraday high (bid) of 278.7 and a low (ask) of 278.5.

In the open market, exchange companies quoted the dollar at 277.25 for buying and 280.00 for selling.

In comparison to major currencies, PKR gained 72.78 paisa against the Euro, closing at 301.01 compared to the previous value of 301.73.

The British Pound became cheaper by 1.34 rupees closing at 353.93 compared to 355.27 from a day ago.

The Swiss franc saw gains of 94.73 paisa, closing at 306.01 compared to 305.07 from the previous session.

Against the Japanese Yen, PKR lost 0.25 paisa, closing at 1.7741 versus 1.7716 a day ago.

The Chinese Yuan gained 2.54 paisa, closing at 38.43 against 38.41 from the previous session.

The Saudi Riyal closed at 74.25 with a gain of 2.46 paisa from its value of 74.23 a day ago.

The U.A.E Dirham increased in value by 3.12 paisa from 75.83 a day ago to 75.8.

During the current financial year, PKR has appreciated against the Dollar by 7.49 rupees or 2.69%. While the current calendar year has seen PKR appreciate by 3.36 rupees or 1.21%.

In the Money Market, the benchmark 6 Month Karachi Interbank Bid and Offer rates fell sharply by 18 bps to 20.82% and 21.07%,  following the T-bills auction held yesterday.

Yesterday's auction saw a fall in cutoff rates across all tenors, with the decline going as much as 60bps.

Read: Kibor drops sharply after T-bills auction

Performance Summary

Currency May 30, 2024 May 29, 2024 Change 1 Month FYTD CYTD 1 Day 7 Day 1 Month MTD FYTD CYTD
USD 278.5025 278.4031 -0.0994 -0.1883 7.488 3.3582 -0.04% -0.07% -0.07% -0.07% 2.69% 1.21%
EUR 301.0055 301.7333 0.7278 -3.0423 11.9253 10.4928 0.24% 0.22% -1.01% -1.01% 3.96% 3.49%
GBP 353.9349 355.2702 1.3353 -4.9428 10.2024 4.6623 0.38% -0.02% -1.4% -1.4% 2.88% 1.32%
CHF 306.0131 305.0658 -0.9473 -1.1449 13.7437 29.0567 -0.31% -0.52% -0.37% -0.37% 4.49% 9.5%
JPY 1.7741 1.7716 -0.0025 0.0008 0.2182 0.2154 -0.14% 0.1% 0.05% 0.05% 12.3% 12.14%
SAR 74.2535 74.2289 -0.0246 -0.0483 2.0005 0.9093 -0.03% -0.07% -0.07% -0.07% 2.69% 1.22%
AED 75.8263 75.7951 -0.0312 -0.0513 2.0355 0.9164 -0.04% -0.08% -0.07% -0.07% 2.68% 1.21%
CNY 38.4324 38.407 -0.0254 0 1.2373 1.199 -0.07% -0.05% 0% 0% 3.22% 3.12%

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 -1.1% 10.27% 04-Jul-23 05-Sep-23 331 268
EUR 291.618 332.701 41.083 -3.12% 10.53% 16-Oct-23 31-Aug-23 227 273
GBP 337.032 387.972 50.9401 -4.78% 9.62% 16-Oct-23 31-Aug-23 227 273
CHF 306.458 347.163 40.7049 0.15% 13.45% 13-Oct-23 31-Aug-23 230 273
JPY 1.851 2.1004 0.2494 4.33% 18.39% 16-Oct-23 01-Sep-23 227 272
SAR 73.4412 81.8703 8.4291 -1.09% 10.26% 04-Jul-23 05-Sep-23 331 268
AED 74.9888 83.6089 8.6201 -1.1% 10.26% 04-Jul-23 05-Sep-23 331 268
CNY 37.8634 42.0637 4.2003 -1.48% 9.45% 16-Oct-23 01-Sep-23 227 272

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Posted on: 2024-05-30T15:52:25+05:00