PKR loses 6 paisa against USD

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

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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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