PKR inches lower at 278.38 per USD

By MG News | July 02, 2024 at 04:14 PM GMT+05:00

0:00

July 02, 2024 (MLN): The Pakistani rupee (PKR) depreciated by 3.62 paisa against the US dollar in Tuesday's interbank session as the currency settled the trade at PKR 278.38 per USD, compared to the previous session's closing of PKR 278.34 per USD.

The currency saw an intraday high (bid) of 278.65 and a low (ask) of 278.4.

In the open market, exchange companies quoted the dollar at 277.54 for buying and 280.20 for selling.

In comparison to major currencies, PKR lost 70.68 paisa against the Euro, closing at 298.39 compared to the previous value of 297.69.

The British Pound became cheaper by 46.93 paisa closing at 351.45 compared to 351.92 from a day ago.

The Swiss franc saw losses of 1.36 rupees, closing at 308.04 compared to 309.41 from the previous session.

Against the Japanese Yen, PKR gained 0.8 paisa, closing at 1.7218 versus 1.7298 a day ago.

The Chinese Yuan lost 2.11 paisa, closing at 38.28 against 38.31 from the previous session.

The Saudi Riyal closed at 74.2 with a gain of 0.56 paisa from its value of 74.19 a day ago.

The U.A.E Dirham increased in value by 0.98 paisa from 75.79 a day ago to 75.78.

During the current financial year, PKR has depreciated against the Dollar by 3.62 paisa or 0.01%. While the current calendar year has seen PKR appreciate by 3.48 rupees or 1.25%.

In the Money Market, the benchmark 6 Month Karachi Interbank Bid and Offer rates inched down by 1 bps to 19.88% and 20.13%.

Furthermore, the State Bank of Pakistan (SBP) conducted an Open Market Operation (OMO) today in which it mopped up a total of Rs345 billion from the market.

Performance Summary

Currency	Jul 02, 2024	Jun 28, 2024	Change	1 Month	FYTD	CYTD	1 Day	7 Day	1 Month	MTD	FYTD	CYTD
USD	278.3774	278.3412	-0.0362	-0.0138	-0.0362	3.4833	-0.01%	0.04%	0%	-0.01%	-0.01%	1.25%
EUR	298.3928	297.686	-0.7068	3.2838	-0.7068	13.1055	-0.24%	0.12%	1.1%	-0.24%	-0.24%	4.39%
GBP	351.4515	351.9208	0.4693	2.4043	0.4693	7.1457	0.13%	0.59%	0.68%	0.13%	0.13%	2.03%
CHF	308.0419	309.4056	1.3637	0.3943	1.3637	27.0279	0.44%	1.22%	0.13%	0.44%	0.44%	8.77%
JPY	1.7218	1.7298	0.008	0.0499	0.008	0.2677	0.46%	1.45%	2.9%	0.46%	0.46%	15.55%
SAR	74.2003	74.1947	-0.0056	0.0142	-0.0056	0.9625	-0.01%	0.04%	0.02%	-0.01%	-0.01%	1.3%
AED	75.7902	75.7804	-0.0098	-0.0058	-0.0098	0.9525	-0.01%	0.04%	-0.01%	-0.01%	-0.01%	1.26%
CNY	38.2841	38.3052	0.0211	0.1308	0.0211	1.3473	0.06%	0.16%	0.34%	0.06%	0.06%	3.52%

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	-1.06%	10.32%	04-Jul-23	05-Sep-23	364	301
EUR	291.618	332.701	41.083	-2.27%	11.5%	16-Oct-23	31-Aug-23	260	306
GBP	337.032	387.972	50.9401	-4.1%	10.39%	16-Oct-23	31-Aug-23	260	306
CHF	306.458	347.163	40.7049	-0.51%	12.7%	13-Oct-23	31-Aug-23	263	306
JPY	1.851	2.1004	0.2494	7.5%	21.99%	16-Oct-23	01-Sep-23	260	305
SAR	73.4412	81.8703	8.4291	-1.02%	10.34%	04-Jul-23	05-Sep-23	364	301
AED	74.9888	83.6089	8.6201	-1.06%	10.32%	04-Jul-23	05-Sep-23	364	301
CNY	37.8634	42.0637	4.2003	-1.1%	9.87%	16-Oct-23	01-Sep-23	260	305

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