PKR gains around 5 paisa against USD

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

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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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