PKR gains over 8 paisa against USD

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MG News | September 18, 2024 at 03:50 PM GMT+05:00

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September 18, 2024 (MLN): The Pakistani rupee (PKR) appreciated by 8.47 paisa or 0.03% against the US dollar in Wednesday's interbank session to settle the trade at PKR 278.04 per USD, compared to previous closing of 278.13.

Throughout the day, the currency saw an intraday high (bid) of 278.20 and a low (ask) of 278.

In the open market, exchange companies quoted the dollar at 279.6 for buying and 280.75 for selling.

On the economic front, Pakistan recorded a current account surplus of $75 million after three consecutive monthly deficits.

Moreover, Foreign Direct Investment (FDI) clocked in at $214 million in August, up 50.7% compared to an FDI worth $142m in the Same Period Last Year (SPLY).

In relation to domestic currency, PKR’s REER index decreased to 100.16 in August.

In comparison to major currencies, PKR lost 18.38 paisa against the Euro, closing at 309.47 compared to the previous value of 309.29.

The British Pound became expensive by 38.88 paisa closing at 366.97 compared to 366.59 from a day ago.

The Swiss franc saw losses of 25.64 paisa, closing at 329.18 compared to 329.44 from the previous session.

Against the Japanese Yen, PKR gained 2.88 paisa, closing at 1.9592 versus 1.988 a day ago.

The Chinese Yuan gained 0.35 paisa, closing at 39.21 against 39.21 from the previous session.

The Saudi Riyal closed at 74.08 with a loss of 2.85 paisa from its value of 74.11 a day ago.

The U.A.E Dirham decreased in value by 2.31 paisa from 75.7 a day ago to 75.72.

During the current financial year, PKR has appreciated against the Dollar by 29.89 paisa or 0.11%. While the current calendar year has seen PKR appreciate by 3.82 rupees or 1.37%.

In the Money Market, the benchmark 6 Month Karachi Interbank Bid and Offer rates inched down by 5 bps to 16.77% and 17.02%.

Performance Summary

Currency Sep 18, 2024 Sep 16, 2024 Change 1 Month FYTD CYTD 1 Day 7 Day 1 Month MTD FYTD CYTD
USD 278.0423 278.127 0.0847 0.4 0.2989 3.8184 0.03% 0.18% 0.14% 0.18% 0.11% 1.37%
EUR 309.4749 309.2911 -0.1838 -1.9772 -11.7889 2.0234 -0.06% -0.63% -0.64% -0.22% -3.81% 0.65%
GBP 366.9741 366.5853 -0.3888 -5.8763 -15.0533 -8.3769 -0.11% -0.72% -1.6% 0.1% -4.1% -2.28%
CHF 329.1804 329.4368 0.2564 -6.7413 -19.7748 5.8894 0.08% 0.04% -2.05% -0.24% -6.01% 1.79%
JPY 1.9592 1.988 0.0288 -0.0529 -0.2294 0.0303 1.47% 0.58% -2.7% -1.95% -11.71% 1.55%
SAR 74.0794 74.1079 0.0285 0.1204 0.1153 1.0834 0.04% 0.21% 0.16% 0.2% 0.16% 1.46%
AED 75.701 75.7241 0.0231 0.1069 0.0794 1.0417 0.03% 0.18% 0.14% 0.18% 0.1% 1.38%
CNY 39.2111 39.2076 -0.0035 -0.2092 -0.9059 0.4203 -0.01% -0.14% -0.53% 0.2% -2.31% 1.07%

52 Week Performance

Currency High Low Trading Band % Since High % Since Low High Date Low Date Days Since High Days Since Low
USD 276.835 293.883 17.0488 -0.43% 5.7% 16-Oct-23 20-Sep-23 338 364
EUR 291.618 314.294 22.6761 -5.77% 1.56% 16-Oct-23 20-Sep-23 338 364
GBP 337.032 363.402 26.3693 -8.16% -0.97% 16-Oct-23 20-Sep-23 338 364
CHF 306.458 329.845 23.3868 -6.9% 0.2% 13-Oct-23 22-Dec-23 341 271
JPY 1.851 1.9892 0.1382 -5.52% 1.53% 16-Oct-23 18-Dec-23 338 275
SAR 73.8029 78.3438 4.5409 -0.37% 5.76% 16-Oct-23 20-Sep-23 338 364
AED 75.3681 80.014 4.6459 -0.44% 5.7% 16-Oct-23 20-Sep-23 338 364
CNY 37.8634 40.2693 2.4059 -3.44% 2.7% 16-Oct-23 20-Sep-23 338 364

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