PKR loses over 10 paisa against USD

MG News | May 29, 2024 at 03:38 PM GMT+05:00

0:00

May 29, 2024 (MLN): The Pakistani rupee (PKR) depreciated by 10.31 paisa against the US dollar in Wednesday's interbank session as the currency settled the trade at PKR 278.4 per USD, compared to the previous session's closing of PKR 278.3 per USD.

The currency saw an intraday high (bid) of 278.5 and a low (ask) of 278.25.

In the open market, exchange companies quoted the dollar at 277.07 for buying and 279.47 for selling.

In comparison to major currencies, PKR gained 11.09 paisa against the Euro, closing at 301.73 compared to the previous value of 301.84.

The British Pound became expensive by 88.3 paisa closing at 355.27 compared to 354.39 from a day ago.

The Swiss franc saw gains of 1.01 rupees, closing at 305.07 compared to 304.05 from the previous session.

Against the Japanese Yen, PKR gained 0.2 paisa, closing at 1.7716 versus 1.7736 a day ago.

The Chinese Yuan lost 0.6 paisa, closing at 38.41 against 38.41 from the previous session.

The Saudi Riyal closed at 74.23 with a gain of 2.55 paisa from its value of 74.2 a day ago.

The U.A.E Dirham increased in value by 2.39 paisa from 75.8 a day ago to 75.77.

During the current financial year, PKR has appreciated against the Dollar by 7.59 rupees or 2.73%. While the current calendar year has seen PKR appreciate by 3.46 rupees or 1.24%.

In the Money Market, the benchmark 6 Month Karachi Interbank Bid and Offer rates inched down by 1 bps to 21% and 21.25%.

Performance Summary

Currency	May 29, 2024	May 27, 2024	Change	1 Month	FYTD	CYTD	1 Day	7 Day	1 Month	MTD	FYTD	CYTD
USD	278.4031	278.3	-0.1031	-0.0889	7.5874	3.4576	-0.04%	0.03%	-0.03%	-0.03%	2.73%	1.24%
EUR	301.7333	301.8442	0.1109	-3.7701	11.1975	9.765	0.04%	0.19%	-1.25%	-1.25%	3.71%	3.24%
GBP	355.2702	354.3872	-0.883	-6.2781	8.8671	3.327	-0.25%	-0.11%	-1.77%	-1.77%	2.5%	0.94%
CHF	305.0658	304.0534	-1.0124	-0.1976	14.691	30.004	-0.33%	-0.01%	-0.06%	-0.06%	4.82%	9.84%
JPY	1.7716	1.7736	0.002	0.0033	0.2207	0.2179	0.11%	0.49%	0.19%	0.19%	12.46%	12.3%
SAR	74.2289	74.2034	-0.0255	-0.0237	2.0251	0.9339	-0.03%	0.03%	-0.03%	-0.03%	2.73%	1.26%
AED	75.7951	75.7712	-0.0239	-0.0201	2.0667	0.9476	-0.03%	0.03%	-0.03%	-0.03%	2.73%	1.25%
CNY	38.407	38.413	0.006	0.0254	1.2627	1.2244	0.02%	0.15%	0.07%	0.07%	3.29%	3.19%

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	-1.07%	10.31%	04-Jul-23	05-Sep-23	330	267
EUR	291.618	332.701	41.083	-3.35%	10.26%	16-Oct-23	31-Aug-23	226	272
GBP	337.032	387.972	50.9401	-5.13%	9.2%	16-Oct-23	31-Aug-23	226	272
CHF	306.458	347.163	40.7049	0.46%	13.8%	13-Oct-23	31-Aug-23	229	272
JPY	1.851	2.1004	0.2494	4.48%	18.56%	16-Oct-23	01-Sep-23	226	271
SAR	73.4412	81.8703	8.4291	-1.06%	10.29%	04-Jul-23	05-Sep-23	330	267
AED	74.9888	83.6089	8.6201	-1.06%	10.31%	04-Jul-23	05-Sep-23	330	267
CNY	37.8634	42.0637	4.2003	-1.42%	9.52%	16-Oct-23	01-Sep-23	226	271

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