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Mettis Global News
Mettis Global News
Mettis Global News

CPI Preview: Inflation to fall below 14% YoY in May

PKR loses 4 paisa against USD

SBP reserves rise $21.5m in a week
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April 23, 2024 (MLN): The Pakistani rupee (PKR) depreciated by 4.36 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 278.33 per USD.

The currency saw an intraday high (bid) of 278.5 and a low (ask) of 278.3.

In the open market, exchange companies quoted the dollar at 277.16 for buying and 279.80 for selling.

In comparison to major currencies, PKR lost 53.36 paisa against the Euro, closing at 297.17 compared to the previous value of 296.63.

The British Pound became cheaper by 28.01 paisa closing at 343.99 compared to 344.27 from a day ago.

The Swiss franc saw losses of 17.03 paisa, closing at 305.55 compared to 305.72 from the previous session.

Against the Japanese Yen, PKR gained 0.17 paisa, closing at 1.7979 versus 1.7996 a day ago.

The Chinese Yuan lost 0.99 paisa, closing at 38.41 against 38.42 from the previous session.

The Saudi Riyal closed at 74.22 with a gain of 0.96 paisa from its value of 74.21 a day ago.

The U.A.E Dirham increased in value by 0.98 paisa from 75.8 a day ago to 75.79.

During the current financial year, PKR has appreciated against the Dollar by 7.62 rupees or 2.74%. While the current calendar year has seen PKR appreciate by 3.49 rupees or 1.25%.

In the Money Market, the benchmark 6 Month Karachi Interbank Bid and Offer rates inched down by 14 bps to 21.3% and 21.55%.

Performance Summary

Currency Apr 23, 2024 Apr 22, 2024 Change 1 Month FYTD CYTD 1 Day 7 Day 1 Month MTD FYTD CYTD
USD 278.375 278.3314 -0.0436 -0.2354 7.6155 3.4857 -0.02% -0.03% -0.08% -0.15% 2.74% 1.25%
EUR 297.1653 296.6317 -0.5336 3.8652 15.7655 14.333 -0.18% -0.55% 1.3% 0.81% 5.31% 4.82%
GBP 343.988 344.2681 0.2801 6.6626 20.1493 14.6092 0.08% 0.59% 1.94% 2% 5.86% 4.25%
CHF 305.554 305.7243 0.1703 3.6962 14.2028 29.5158 0.06% -0.17% 1.21% 0.89% 4.65% 9.66%
JPY 1.7979 1.7996 0.0017 0.0393 0.1944 0.1916 0.09% 0.26% 2.19% 2.13% 10.81% 10.66%
SAR 74.2155 74.2059 -0.0096 -0.0509 2.0385 0.9473 -0.01% -0.04% -0.07% -0.14% 2.75% 1.28%
AED 75.7957 75.7859 -0.0098 -0.0599 2.0661 0.947 -0.01% -0.02% -0.08% -0.14% 2.73% 1.25%
CNY 38.4148 38.4247 0.0099 0.0668 1.2549 1.2166 0.03% 0.07% 0.17% 0.16% 3.27% 3.17%

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-23 294 231
EUR 291.618 332.701 41.083 -1.87% 11.96% 16-Oct-23 31-Aug-23 190 236
GBP 337.032 387.972 50.9401 -2.02% 12.79% 16-Oct-23 31-Aug-23 190 236
CHF 306.458 347.163 40.7049 0.3% 13.62% 13-Oct-23 31-Aug-23 193 236
JPY 1.851 2.2178 0.3668 2.95% 23.36% 16-Oct-23 11-May-23 190 348
SAR 73.4412 81.8703 8.4291 -1.04% 10.31% 04-Jul-23 05-Sep-23 294 231
AED 74.9888 83.6089 8.6201 -1.06% 10.31% 04-Jul-23 05-Sep-23 294 231
CNY 37.8634 43.0908 5.2274 -1.44% 12.17% 16-Oct-23 11-May-23 190 348

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Posted on: 2024-04-23T15:46:32+05:00