PKR falls 10 paisa against USD

March 18, 2025 (MLN): The Pakistani rupee (PKR) weakened by 10 paisa or 0.04% against the US dollar in Tuesday's interbank session to settle the trade at PKR 280.27 per USD, compared to previous closing of 280.17.

Throughout the day, the currency saw an intraday high (bid) of 280.30 and a low (ask) of 280.20.

Over the past 52 weeks, PKR has traded within a band of 2.75, reaching its highest level at 277.52 on October 4, 2024, and its lowest at 280.27 on March 18, 2025. Since its peak, the rupee has depreciated by 0.98%, while it remains at its lowest level.

In the short term, PKR has dropped 0.11% over the past week, 0.32% over the past month, and 0.69% since the start of the fiscal year, with a 0.61% decline in the calendar year so far.

In the open market, exchange companies quoted the dollar at 280.30 for buying and 282.10 for selling.

In comparison to major currencies, PKR depreciated 1.86 rupees or 0.61% against the Euro, closing at 306.63 compared to the previous value of 304.77.

Against the British Pound, PKR fell by 1.74 rupees or 0.48% to 364.21 compared to 362.47 a day ago.

The local unit weakened 1.43 rupees or 0.45% against Swiss franc to close at 318.45.

Against the Japanese Yen, PKR's value rose 1.27 paisa or 0.67% to close the session at 1.8698 versus 1.8825 a day ago.

Pakistani Rupee fell 9.80 paisa or 0.25% against Chinese Yuan to close at 38.79 from 38.69.

The local currency weakened by 2.47 paisa or 0.03% against Saudi Riyal to 74.73. While it deteriorated by 2.72 paisa or 0.04% against the U.A.E Dirham to close at 76.31.

During the current fiscal year, PKR has depreciated against the US Dollar by 1.93 rupees or 0.69%. While it has fell 1.72 rupees or 0.61% so far this calendar year.

In the Money Market, the benchmark 6 Month Karachi Interbank Bid and Offer rates unchanged by 0bps to 11.77% and 12.02%.

Performance Summary

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