May 10, 2024 (MLN): The Pakistani rupee (PKR) appreciated by around 9 paisa against the US dollar this week as the currency settled the trade at PKR 278.12 per USD, compared to the last week's closing of PKR 278.2 per USD.
Meanwhile, in today's session alone, PKR gained 8 paisa against USD
Throughout Friday's session, the currency saw an intraday high (bid) of 278.2 and a low (ask) of 278.
In the open market, exchange companies quoted the dollar at 276.64 for buying and 279.25 for selling.
In comparison to major currencies, PKR lost 1.32 rupees against the Euro on Friday, closing at 299.94 compared to the previous value of 298.62.
The British Pound became expensive by 1.49 rupees closing at 348.6 compared to 347.11 from a day ago.
The Swiss franc saw gains of 89.18 paisa, closing at 306.98 compared to 306.09 from the previous session.
Against the Japanese Yen, PKR lost 0.16 paisa, closing at 1.7869 versus 1.7853 a day ago.
The Chinese Yuan lost 0.71 paisa, closing at 38.5 against 38.5 from the previous session.
The Saudi Riyal closed at 74.16 with a loss of 2.03 paisa from its value of 74.18 a day ago.
The U.A.E Dirham decreased in value by 2.17 paisa from 75.72 a day ago to 75.74.
During the current financial year, PKR has appreciated against the Dollar by 7.87 rupees or 2.83%. While the current calendar year has seen PKR appreciate by 3.74 rupees or 1.34%.
In the Money Market, the benchmark 6 Month Karachi Interbank Bid and Offer rates remained unchanged at 21.33% and 21.58%.
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 Rs619.85 billion into the market.
Performance Summary
| Currency | May 10, 2024 | May 09, 2024 | Change | 1 Month | FYTD | CYTD | 1 Day | 7 Day | 1 Month | MTD | FYTD | CYTD |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| USD | 278.1211 | 278.2007 | 0.0796 | -0.1817 | 7.8694 | 3.7396 | 0.03% | 0.03% | -0.07% | 0.07% | 2.83% | 1.34% |
| EUR | 299.9397 | 298.6206 | -1.3191 | 1.6802 | 12.9911 | 11.5586 | -0.44% | -0.36% | 0.56% | -0.66% | 4.33% | 3.85% |
| GBP | 348.597 | 347.111 | -1.486 | 3.0937 | 15.5403 | 10.0002 | -0.43% | 0.21% | 0.89% | 0.11% | 4.46% | 2.87% |
| CHF | 306.9769 | 306.0851 | -0.8918 | 0.0876 | 12.7799 | 28.0929 | -0.29% | -0.14% | 0.03% | -0.69% | 4.16% | 9.15% |
| JPY | 1.7869 | 1.7853 | -0.0016 | 0.0428 | 0.2054 | 0.2026 | -0.09% | 1.57% | 2.4% | -0.67% | 11.49% | 11.34% |
| SAR | 74.1567 | 74.177 | 0.0203 | -0.0573 | 2.0973 | 1.0061 | 0.03% | 0.03% | -0.08% | 0.07% | 2.83% | 1.36% |
| AED | 75.7225 | 75.7442 | 0.0217 | -0.0351 | 2.1393 | 1.0202 | 0.03% | 0.03% | -0.05% | 0.07% | 2.83% | 1.35% |
| CNY | 38.4953 | 38.5024 | 0.0071 | -0.0727 | 1.1744 | 1.1361 | 0.02% | -0.19% | -0.19% | -0.16% | 3.05% | 2.95% |
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 | -0.96% | 10.42% | 04-Jul-23 | 05-Sep-23 | 311 | 248 |
| EUR | 291.618 | 332.701 | 41.083 | -2.77% | 10.92% | 16-Oct-23 | 31-Aug-23 | 207 | 253 |
| GBP | 337.032 | 387.972 | 50.9401 | -3.32% | 11.3% | 16-Oct-23 | 31-Aug-23 | 207 | 253 |
| CHF | 306.458 | 347.163 | 40.7049 | -0.17% | 13.09% | 13-Oct-23 | 31-Aug-23 | 210 | 253 |
| JPY | 1.851 | 2.1154 | 0.2644 | 3.59% | 18.38% | 16-Oct-23 | 12-May-23 | 207 | 364 |
| SAR | 73.4412 | 81.8703 | 8.4291 | -0.96% | 10.4% | 04-Jul-23 | 05-Sep-23 | 311 | 248 |
| AED | 74.9888 | 83.6089 | 8.6201 | -0.97% | 10.41% | 04-Jul-23 | 05-Sep-23 | 311 | 248 |
| CNY | 37.8634 | 42.0637 | 4.2003 | -1.64% | 9.27% | 16-Oct-23 | 01-Sep-23 | 207 | 252 |
Copyright Mettis Link News
Posted on: 2024-05-10T18:20:41+05:00
