PKR loses 6 paisa against USD

MG News | July 18, 2024 at 03:47 PM GMT+05:00

0:00

July 18, 2024 (MLN): The Pakistani rupee (PKR) depreciated by 6.41 paisa against the US dollar in Thursday's interbank session as the currency settled the trade at PKR 278.17 per USD, compared to the previous session's closing of PKR 278.11 per USD.

The currency saw an intraday high (bid) of 278.40 and a low (ask) of 278.10.

In a recent development, global rating agency Moody’s said that Pakistan’s staff-level agreement with the International Monetary Fund (IMF) improves funding prospects for the country.

However, it cautioned that the ability to sustain reforms are key to easing liquidity risks.

In the open market, exchange companies quoted the dollar at 278.99 for buying and 280.50 for selling.

In comparison to major currencies, PKR lost 1.1 rupees against the Euro, closing at 304.04 compared to the previous value of 302.94.

The British Pound became expensive by 59.78 paisa closing at 361.57 compared to 360.97 from a day ago.

The Swiss franc saw gains of 3.92 rupees, closing at 314.69 compared to 310.77 from the previous session.

Against the Japanese Yen, PKR lost 1.95 paisa, closing at 1.7806 versus 1.7611 a day ago.

The Chinese Yuan gained 3.75 paisa, closing at 38.33 against 38.29 from the previous session.

The Saudi Riyal closed at 74.16 with a gain of 1.51 paisa from its value of 74.15 a day ago.

The U.A.E Dirham increased in value by 1.75 paisa from 75.73 a day ago to 75.72.

During the current financial year, PKR has appreciated against the Dollar by 16.99 paisa or 0.06%. While the current calendar year has seen PKR appreciate by 3.69 rupees or 1.33%.

In the Money Market, the benchmark 6 Month Karachi Interbank Bid and Offer rates inched down by 3 bps to 19.64% and 19.89%.

Performance Summary

Currency	Jul 18, 2024	Jul 15, 2024	Change	1 Month	FYTD	CYTD	1 Day	7 Day	1 Month	MTD	FYTD	CYTD
USD	278.1713	278.1072	-0.0641	0.3384	0.1699	3.6894	-0.02%	0.16%	0.12%	0.06%	0.06%	1.33%
EUR	304.0413	302.9422	-1.0991	-5.8131	-6.3553	7.457	-0.36%	-0.67%	-1.91%	-2.09%	-2.09%	2.45%
GBP	361.5671	360.9693	-0.5978	-7.0103	-9.6463	-2.9699	-0.17%	-0.83%	-1.94%	-2.67%	-2.67%	-0.82%
CHF	314.6913	310.7691	-3.9222	-2.7404	-5.2857	20.3785	-1.25%	-1.52%	-0.87%	-1.68%	-1.68%	6.48%
JPY	1.7806	1.7611	-0.0195	-0.0129	-0.0508	0.2089	-1.1%	-3.17%	-0.72%	-2.85%	-2.85%	11.73%
SAR	74.1632	74.1481	-0.0151	0.0704	0.0315	0.9996	-0.02%	0.16%	0.09%	0.04%	0.04%	1.35%
AED	75.7341	75.7166	-0.0175	0.0901	0.0463	1.0086	-0.02%	0.16%	0.12%	0.06%	0.06%	1.33%
CNY	38.3256	38.2881	-0.0375	0.0596	-0.0204	1.3058	-0.1%	-0.02%	0.16%	-0.05%	-0.05%	3.41%

52 Week Performance

Currency	High	Low	Trading Band	% Since High	% Since Low	High Date	Low Date	Days Since High	Days Since Low
USD	276.835	307.1	30.265	-0.48%	10.4%	16-Oct-23	05-Sep-23	276	317
EUR	291.618	332.701	41.083	-4.09%	9.43%	16-Oct-23	31-Aug-23	276	322
GBP	337.032	387.972	50.9401	-6.79%	7.3%	16-Oct-23	31-Aug-23	276	322
CHF	306.458	347.163	40.7049	-2.62%	10.32%	13-Oct-23	31-Aug-23	279	322
JPY	1.851	2.1004	0.2494	3.95%	17.96%	16-Oct-23	01-Sep-23	276	321
SAR	73.8029	81.8703	8.0674	-0.49%	10.39%	16-Oct-23	05-Sep-23	276	317
AED	75.3681	83.6089	8.2408	-0.48%	10.4%	16-Oct-23	05-Sep-23	276	317
CNY	37.8634	42.0637	4.2003	-1.21%	9.75%	16-Oct-23	01-Sep-23	276	321

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