PKR gains around 5 paisa against USD

By MG News | March 26, 2024 at 02:32 PM GMT+05:00

0:00

March 26, 2024 (MLN): The Pakistani rupee (PKR) appreciated by around 5 paisa against the US dollar in Tuesday's interbank session as the currency settled the trade at PKR 278.08 per USD, compared to the previous session's closing of PKR 278.13 per USD.

The currency saw an intraday high (bid) of 278.4 and a low (ask) of 278.1.

Last week, the home unit extended its winning journey against the mighty Dollar by appreciating 60 paisa.

In the open market, exchange companies quoted the dollar at 278.06 for buying and 280.67 for selling.

In comparison to major currencies, PKR lost 60.2 paisa against the Euro, closing at 301.45 compared to the previous value of 300.85.

The British Pound became expensive by 1.16 rupees closing at 351.75 compared to 350.59 from a day ago.

The Swiss franc saw losses of 1.05 rupees, closing at 308.68 compared to 309.73 from the previous session.

Against the Japanese Yen, PKR gained 0.07 paisa, closing at 1.8375 versus 1.8382 a day ago.

The Chinese Yuan lost 7.34 paisa, closing at 38.52 against 38.59 from the previous session.

The Saudi Riyal closed at 74.14 with a loss of 1.67 paisa from its value of 74.16 a day ago.

The U.A.E Dirham decreased in value by 1.19 paisa from 75.72 a day ago to 75.73.

During the current financial year, PKR has appreciated against the Dollar by 7.91 rupees or 2.85%. While the current calendar year has seen PKR appreciate by 3.78 rupees or 1.36%.

In the Money Market, the benchmark 6 Month Karachi Interbank Bid and Offer rates inched up by 3 bps to 21.38% and 21.63%.

Performance Summary

Currency	Mar 26, 2024	Mar 25, 2024	Change	1 Month	FYTD	CYTD	1 Day	7 Day	1 Month	MTD	FYTD	CYTD
USD	278.0774	278.125	0.0476	1.199	7.9131	3.7833	0.02%	0.2%	0.43%	0.37%	2.85%	1.36%
EUR	301.4498	300.8478	-0.602	1.7327	11.481	10.0485	-0.2%	0.3%	0.57%	0.32%	3.81%	3.33%
GBP	351.7541	350.5905	-1.1636	2.6617	12.3832	6.8431	-0.33%	0.58%	0.76%	0.42%	3.52%	1.95%
CHF	308.6834	309.7333	1.0499	9.0192	11.0734	26.3864	0.34%	1.46%	2.92%	2.91%	3.59%	8.55%
JPY	1.8375	1.8382	0.0007	0.0199	0.1548	0.152	0.04%	0.85%	1.08%	1.51%	8.42%	8.27%
SAR	74.1421	74.1588	0.0167	0.3237	2.1119	1.0207	0.02%	0.21%	0.44%	0.38%	2.85%	1.38%
AED	75.723	75.7349	0.0119	0.3099	2.1388	1.0197	0.02%	0.2%	0.41%	0.36%	2.82%	1.35%
CNY	38.5213	38.5947	0.0734	0.2754	1.1484	1.1101	0.19%	0.47%	0.71%	0.72%	2.98%	2.88%

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	-0.95%	10.44%	04-Jul-23	05-Sep-23	266	203
EUR	291.618	332.701	41.083	-3.26%	10.37%	16-Oct-23	31-Aug-23	162	208
GBP	337.032	387.972	50.9401	-4.19%	10.3%	16-Oct-23	31-Aug-23	162	208
CHF	306.458	347.163	40.7049	-0.72%	12.47%	13-Oct-23	31-Aug-23	165	208
JPY	1.851	2.2178	0.3668	0.73%	20.7%	16-Oct-23	11-May-23	162	320
SAR	73.4412	81.8703	8.429	-0.95%	10.42%	04-Jul-23	05-Sep-23	266	203
AED	74.9888	83.6089	8.620	-0.97%	10.41%	04-Jul-23	05-Sep-23	266	203
CNY	37.8634	43.0908	5.2274	-1.71%	11.86%	16-Oct-23	11-May-23	162	320

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