PKR loses 10 paisa against USD

MG News | July 11, 2024 at 04:05 PM GMT+05:00

0:00

July 11, 2024 (MLN): The Pakistani rupee (PKR) depreciated by 9.86 paisa against the US dollar in Thursday's interbank session as the currency settled the trade at PKR 278.61 per USD, compared to the previous session's closing of PKR 278.51 per USD.

The currency saw an intraday high (bid) of 278.80 and a low (ask) of 278.60.

In the open market, exchange companies quoted the dollar at 278.95 for buying and 280.55 for selling.

In comparison to major currencies, PKR lost 71.96 paisa against the Euro, closing at 302.01 compared to the previous value of 301.29.

The British Pound became expensive by 2.16 rupees closing at 358.57 compared to 356.41 from a day ago.

The Swiss franc saw losses of 56.37 paisa, closing at 309.91 compared to 310.47 from the previous session.

Against the Japanese Yen, PKR gained 0.05 paisa, closing at 1.7242 versus 1.7247 a day ago.

The Chinese Yuan gained 4.04 paisa, closing at 38.32 against 38.28 from the previous session.

The Saudi Riyal closed at 74.28 with a gain of 2.63 paisa from its value of 74.26 a day ago.

The U.A.E Dirham increased in value by 2.69 paisa from 75.85 a day ago to 75.83.

During the current financial year, PKR has depreciated against the Dollar by 26.79 paisa or 0.1%. While the current calendar year has seen PKR appreciate by 3.25 rupees or 1.17%.

In the Money Market, the benchmark 6 Month Karachi Interbank Bid and Offer rates fell 12 bps to 19.71% and 19.96%.

Yesterday, the State Bank of Pakistan (SBP) conducted an auction in which it sold Market Treasury Bills (MTBs) worth Rs441.76 billion.

Yields on 3-month papers dropped by 10 bps to 20.0494%, while those on 6-month papers fell by 18 bps to 19.7849%; yields on 12-month papers remained unchanged at 18.5400%.

Performance Summary

Currency	Jul 11, 2024	Jul 10, 2024	Change	1 Month	FYTD	CYTD	1 Day	7 Day	1 Month	MTD	FYTD	CYTD
USD	278.6091	278.5105	-0.0986	-0.0008	-0.2679	3.2516	-0.04%	-0.04%	0%	-0.1%	-0.1%	1.17%
EUR	302.0123	301.2927	-0.7196	-2.6198	-4.3263	9.486	-0.24%	-0.39%	-0.87%	-1.43%	-1.43%	3.14%
GBP	358.57	356.4099	-2.1601	-3.2887	-6.6492	0.0272	-0.6%	-0.94%	-0.92%	-1.85%	-1.85%	0.01%
CHF	309.9101	310.4738	0.5637	0.7247	-0.5045	25.1597	0.18%	-0.3%	0.23%	-0.16%	-0.16%	8.12%
JPY	1.7242	1.7247	0.0005	0.0474	0.0056	0.2653	0.03%	0.17%	2.75%	0.32%	0.32%	15.39%
SAR	74.2819	74.2556	-0.0263	-0.0022	-0.0872	0.8809	-0.04%	-0.06%	0%	-0.12%	-0.12%	1.19%
AED	75.8533	75.8264	-0.0269	-0.0002	-0.0729	0.8894	-0.04%	-0.04%	0%	-0.1%	-0.1%	1.17%
CNY	38.3192	38.2788	-0.0404	0.0897	-0.014	1.3122	-0.11%	-0.04%	0.23%	-0.04%	-0.04%	3.42%

52 Week Performance

Currency	High	Low	Trading Band	% Since High	% Since Low	High Date	Low Date	Days Since High	Days Since Low
USD	276.462	307.1	30.6377	-0.77%	10.23%	13-Jul-23	05-Sep-23	364	310
EUR	291.618	332.701	41.083	-3.44%	10.16%	16-Oct-23	31-Aug-23	269	315
GBP	337.032	387.972	50.9401	-6.01%	8.2%	16-Oct-23	31-Aug-23	269	315
CHF	306.458	347.163	40.7049	-1.11%	12.02%	13-Oct-23	31-Aug-23	272	315
JPY	1.851	2.1004	0.2494	7.35%	21.82%	16-Oct-23	01-Sep-23	269	314
SAR	73.6917	81.8703	8.1786	-0.79%	10.22%	13-Jul-23	05-Sep-23	364	310
AED	75.2677	83.6089	8.3412	-0.77%	10.22%	13-Jul-23	05-Sep-23	364	310
CNY	37.8634	42.0637	4.2003	-1.19%	9.77%	16-Oct-23	01-Sep-23	269	314

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