PKR loses 4 paisa against USD

MG News | April 23, 2024 at 03:46 PM GMT+05:00

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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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