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PKR gains 19 paisa against USD

PKR gains 19 paisa against USD
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June 07, 2024 (MLN): The Pakistani rupee (PKR) appreciated by 19.03 paisa against the US dollar in Friday's interbank session as the currency settled the trade at PKR 278.2 per USD, compared to the previous session's closing of PKR 278.39 per USD.

The currency saw an intraday high (bid) of 278.75 and a low (ask) of 278.65.

On a weekly basis, the local currency gained 13 paisa against USD.

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In the open market, exchange companies quoted the dollar at 277.75 for buying and 280.50 for selling.

In comparison to major currencies, PKR lost 23.82 paisa against the Euro, closing at 302.96 compared to the previous value of 302.72.

The British Pound became expensive by 17.41 paisa closing at 356.04 compared to 355.87 from a day ago.

The Swiss franc saw gains of 76.77 paisa, closing at 312.67 compared to 311.9 from the previous session.

Against the Japanese Yen, PKR lost 0.87 paisa, closing at 1.7892 versus 1.7805 a day ago.

The Chinese Yuan lost 0.53 paisa, closing at 38.41 against 38.41 from the previous session.

The Saudi Riyal closed at 74.18 with a loss of 5.07 paisa from its value of 74.23 a day ago.

The U.A.E Dirham decreased in value by 5.28 paisa from 75.74 a day ago to 75.79.

During the current financial year, PKR has appreciated against the Dollar by 7.79 rupees or 2.8%. While the current calendar year has seen PKR appreciate by 3.66 rupees or 1.32%.

In the Money Market, the benchmark 6 Month Karachi Interbank Bid and Offer rates inched down by 3 bps to 20.45% and 20.7%.

Meanwhile, the State Bank of Pakistan (SBP) conducted a reverse repo and Shariah Compliant Modarabah based Open Market Operation (OMO) today, in which it cumulatively injected a total of Rs10.61 trillion into the market.

Performance Summary

Currency Jun 07, 2024 Jun 06, 2024 Change 1 Month FYTD CYTD 1 Day 7 Day 1 Month MTD FYTD CYTD
USD 278.2 278.3903 0.1903 -0.1 7.7905 3.6607 0.07% 0.05% -0.04% 0.05% 2.8% 1.32%
EUR 302.9598 302.7216 -0.2382 -4.336 9.971 8.5385 -0.08% -0.57% -1.43% -0.57% 3.29% 2.82%
GBP 356.0404 355.8663 -0.1741 -9.2219 8.0969 2.5568 -0.05% -0.68% -2.59% -0.68% 2.27% 0.72%
CHF 312.6722 311.9045 -0.7677 -6.7989 7.0846 22.3976 -0.25% -1.63% -2.17% -1.63% 2.27% 7.16%
JPY 1.7892 1.7805 -0.0087 0.001 0.2031 0.2003 -0.49% -1.01% 0.06% -1.01% 11.35% 11.19%
SAR 74.1768 74.2275 0.0507 -0.0257 2.0772 0.986 0.07% 0.04% -0.03% 0.04% 2.8% 1.33%
AED 75.7409 75.7937 0.0528 -0.0283 2.1209 1.0018 0.07% 0.05% -0.04% 0.05% 2.8% 1.32%
CNY 38.4079 38.4132 0.0053 0.0787 1.2618 1.2235 0.01% 0.06% 0.2% 0.06% 3.29% 3.19%

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 -0.99% 10.39% 04-Jul-23 05-Sep-23 339 276
EUR 291.618 332.701 41.083 -3.74% 9.82% 16-Oct-23 31-Aug-23 235 281
GBP 337.032 387.972 50.9401 -5.34% 8.97% 16-Oct-23 31-Aug-23 235 281
CHF 306.458 347.163 40.7049 -1.99% 11.03% 13-Oct-23 31-Aug-23 238 281
JPY 1.851 2.1004 0.2494 3.45% 17.39% 16-Oct-23 01-Sep-23 235 280
SAR 73.4412 81.8703 8.4291 -0.99% 10.37% 04-Jul-23 05-Sep-23 339 276
AED 74.9888 83.6089 8.6201 -0.99% 10.39% 04-Jul-23 05-Sep-23 339 276
CNY 37.8634 42.0637 4.2003 -1.42% 9.52% 16-Oct-23 01-Sep-23 235 280

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Posted on: 2024-06-07T15:37:13+05:00