PKR loses 10 paisa against greenback

MG News | May 09, 2024 at 02:59 PM GMT+05:00

0:00

May 09, 2024 (MLN): The Pakistani rupee (PKR) depreciated by over 10 paisa against the US dollar in Thursday's interbank session as the currency settled the trade at PKR 278.2 per USD, compared to the previous session's closing of PKR 278.1 per USD.

The currency saw an intraday high (bid) of 278.33 and a low (ask) of 278.13.

In the open market, exchange companies quoted the dollar at 276.57 for buying and 279.11 for selling.

In comparison to major currencies, PKR edged higher against the Euro, closing at 298.62 compared to the previous value of 298.62.

The British Pound became expensive by 29.25 paisa closing at 347.11 compared to 346.82 from a day ago.

The Swiss franc saw gains of 21.18 paisa, closing at 306.09 compared to 305.87 from the previous session.

Against the Japanese Yen, PKR gained 0.49 paisa, closing at 1.7853 versus 1.7902 a day ago.

The Chinese Yuan gained 1.58 paisa, closing at 38.5 against 38.49 from the previous session.

The Saudi Riyal closed at 74.18 with a gain of 2.59 paisa from its value of 74.15 a day ago.

The U.A.E Dirham increased in value by 3.16 paisa from 75.74 a day ago to 75.71.

During the current financial year, PKR has appreciated against the Dollar by 7.79 rupees or 2.8%. While the current calendar year has seen PKR appreciate by 3.66 rupees or 1.32%.

In the Money Market, the benchmark 6 Month Karachi Interbank Bid and Offer rates inched down by 1 bps to 21.33% and 21.58%.

The State Bank of Pakistan (SBP) conducted a reverse repo Open Market Operation (OMO) today, in which it cumulatively injected a total of Rs393.75 billion into the market.

Performance Summary

Currency	May 09, 2024	May 08, 2024	Change	1 Month	FYTD	CYTD	1 Day	7 Day	1 Month	MTD	FYTD	CYTD
USD	278.2007	278.1	-0.1007	-0.2613	7.7898	3.66	-0.04%	0.04%	-0.09%	0.04%	2.8%	1.32%
EUR	298.6206	298.6238	0.0032	2.9993	14.3102	12.8777	0%	-0.17%	1%	-0.22%	4.79%	4.31%
GBP	347.111	346.8185	-0.2925	4.5797	17.0263	11.4862	-0.08%	0.4%	1.32%	0.54%	4.91%	3.31%
CHF	306.0851	305.8733	-0.2118	0.9794	13.6717	28.9847	-0.07%	-0.36%	0.32%	-0.4%	4.47%	9.47%
JPY	1.7853	1.7902	0.0049	0.0444	0.207	0.2042	0.27%	0.24%	2.49%	-0.58%	11.59%	11.44%
SAR	74.177	74.1511	-0.0259	-0.0776	2.077	0.9858	-0.03%	0.04%	-0.1%	0.04%	2.8%	1.33%
AED	75.7442	75.7126	-0.0316	-0.0568	2.1176	0.9985	-0.04%	0.04%	-0.07%	0.04%	2.8%	1.32%
CNY	38.5024	38.4866	-0.0158	-0.0798	1.1673	1.129	-0.04%	-0.18%	-0.21%	-0.18%	3.03%	2.93%

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	-0.99%	10.39%	04-Jul-23	05-Sep-23	310	247
EUR	291.618	332.701	41.083	-2.35%	11.41%	16-Oct-23	31-Aug-23	206	252
GBP	337.032	387.972	50.9401	-2.9%	11.77%	16-Oct-23	31-Aug-23	206	252
CHF	306.458	347.163	40.7049	0.12%	13.42%	13-Oct-23	31-Aug-23	209	252
JPY	1.851	2.2178	0.3668	3.68%	24.23%	16-Oct-23	11-May-23	206	364
SAR	73.4412	81.8703	8.4291	-0.99%	10.37%	04-Jul-23	05-Sep-23	310	247
AED	74.9888	83.6089	8.6201	-1%	10.38%	04-Jul-23	05-Sep-23	310	247
CNY	37.8634	43.0908	5.2274	-1.66%	11.92%	16-Oct-23	11-May-23	206	364

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