PKR loses 6 paisa against USD

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