PKR falls by another 14 paisa against USD

By MG News | May 16, 2024 at 04:25 PM GMT+05:00

0:00

May 16, 2024 (MLN): The Pakistani rupee (PKR) depreciated by 14 paisa against the US dollar in Thursday's interbank session as the currency settled the trade at PKR 278.4 per USD, compared to the previous session's closing of PKR 278.26 per USD.

The currency saw an intraday high (bid) of 278.65 and a low (ask) of 278.45.

In the open market, exchange companies quoted the dollar at 276.96 for buying and 279.45 for selling.

In comparison to major currencies, PKR lost 1.46 rupees against the Euro, closing at 302.71 compared to the previous value of 301.25.

The British Pound became expensive by 2.56 rupees closing at 353 compared to 350.45 from a day ago.

The Swiss franc saw gains of 1.95 rupees, closing at 309.3 compared to 307.36 from the previous session.

Against the Japanese Yen, PKR lost 2 paisa, closing at 1.8027 versus 1.7827 a day ago.

The Chinese Yuan gained 5 paisa, closing at 38.57 against 38.52 from the previous session.

The Saudi Riyal closed at 74.23 with a gain of 3.73 paisa from its value of 74.2 a day ago.

The U.A.E Dirham increased in value by 3.91 paisa from 75.8 a day ago to 75.76.

During the current financial year, PKR has appreciated against the Dollar by 7.59 rupees or 2.72%. While the current calendar year has seen PKR appreciate by 3.46 rupees or 1.24%.

In the Money Market, the benchmark 6 Month Karachi Interbank Bid and Offer rates fell by 21 bps to 21.1% and 21.35%.

The drop in yields is attributed to yesterday's auction in which the cut-off yields dropped by up to 49bps.

The State Bank of Pakistan (SBP) conducted a reverse repo-based Open Market Operation (OMO) today, in which it cumulatively injected a total of Rs913.35 billion into the market.

Performance Summary

Currency	May 16, 2024	May 15, 2024	Change	1 Month	FYTD	CYTD	1 Day	7 Day	1 Month	MTD	FYTD	CYTD
USD	278.4047	278.2648	-0.1399	-0.0066	7.5858	3.456	-0.05%	-0.07%	0%	-0.03%	2.72%	1.24%
EUR	302.7095	301.2495	-1.46	-6.8558	10.2213	8.7888	-0.48%	-1.35%	-2.26%	-1.57%	3.38%	2.9%
GBP	353.0033	350.4467	-2.5566	-6.2306	11.134	5.5939	-0.72%	-1.67%	-1.77%	-1.14%	3.15%	1.58%
CHF	309.3042	307.3561	-1.9481	-3.6409	10.4526	25.7656	-0.63%	-1.04%	-1.18%	-1.43%	3.38%	8.33%
JPY	1.8027	1.7827	-0.02	-0.0021	0.1896	0.1868	-1.11%	-0.97%	-0.12%	-1.54%	10.52%	10.36%
SAR	74.2333	74.196	-0.0373	-0.0156	2.0207	0.9295	-0.05%	-0.08%	-0.02%	-0.04%	2.72%	1.25%
AED	75.7976	75.7585	-0.0391	0.0086	2.0642	0.9451	-0.05%	-0.07%	0.01%	-0.03%	2.72%	1.25%
CNY	38.573	38.523	-0.05	-0.1109	1.0967	1.0584	-0.13%	-0.18%	-0.29%	-0.36%	2.84%	2.74%

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	-1.07%	10.31%	04-Jul-23	05-Sep-23	317	254
EUR	291.618	332.701	41.083	-3.66%	9.91%	16-Oct-23	31-Aug-23	213	259
GBP	337.032	387.972	50.9401	-4.52%	9.91%	16-Oct-23	31-Aug-23	213	259
CHF	306.458	347.163	40.7049	-0.92%	12.24%	13-Oct-23	31-Aug-23	216	259
JPY	1.851	2.1004	0.2494	2.68%	16.51%	16-Oct-23	01-Sep-23	213	258
SAR	73.4412	81.8703	8.4291	-1.07%	10.29%	04-Jul-23	05-Sep-23	317	254
AED	74.9888	83.6089	8.6201	-1.07%	10.31%	04-Jul-23	05-Sep-23	317	254
CNY	37.8634	42.0637	4.2003	-1.84%	9.05%	16-Oct-23	01-Sep-23	213	258

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Name	Price/Vol	%Chg/NChg
KSE100	122,143.57 238.19M	-1.57% -1949.56
ALLSHR	76,055.22 966.52M	-1.36% -1051.07
KSE30	36,883.30 115.66M	-1.74% -653.39
KMI30	180,397.18 129.11M	-2.16% -3973.50
KMIALLSHR	52,092.45 393.86M	-1.73% -918.69
BKTi	29,957.41 15.86M	-1.36% -411.82
OGTi	27,188.26 11.39M	-1.70% -471.10

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	105,715.00	106,630.00 103,010.00	-1380.00 -1.29%
BRENT CRUDE	74.69	78.50 70.41	5.33 7.68%
RICHARDS BAY COAL MONTHLY	88.00	0.00 0.00	-2.00 -2.22%
ROTTERDAM COAL MONTHLY	103.60	103.60 103.50	1.00 0.97%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	73.18	77.62 68.49	5.14 7.55%
SUGAR #11 WORLD	16.08	16.50 16.07	-0.19 -1.17%