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CPI Preview: Inflation to fall below 14% YoY in May

PKR loses over 18 paisa against USD

US Dollar surge threatens emerging market stability: Fitch
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April 15, 2024 (MLN): The Pakistani rupee (PKR) depreciated by 18.32 paisa against the US dollar in Monday's interbank session as the currency settled the trade at PKR 278.12 per USD, compared to the previous session's closing of PKR 277.94 per USD.

The currency saw an intraday high (bid) of 278.4 and a low (ask) of 278.15.

In the open market, exchange companies quoted the dollar at 277 for buying and 279.66 for selling.

In comparison to major currencies, PKR gained 5.2 rupees against the Euro, closing at 296.42 compared to the previous value of 301.62.

The British Pound became cheaper by 4.51 rupees closing at 347.18 compared to 351.69 from a day ago.

The Swiss franc saw losses of 2.44 rupees, closing at 304.63 compared to 307.06 from the previous session.

Against the Japanese Yen, PKR gained 2.31 paisa, closing at 1.8066 versus 1.8297 a day ago.

The Chinese Yuan lost 0.02 paisa, closing at 38.42 against 38.42 from the previous session.

The Saudi Riyal closed at 74.14 with a gain of 4.29 paisa from its value of 74.1 a day ago.

The U.A.E Dirham increased in value by 4.37 paisa from 75.73 a day ago to 75.69.

During the current financial year, PKR has appreciated against the Dollar by 7.87 rupees or 2.83%. While the current calendar year has seen PKR appreciate by 3.74 rupees or 1.34%.

In the Money Market, the benchmark 6 Month Karachi Interbank Bid and Offer rates remained unchanged at 21.48% and 21.73%.

Performance Summary

Currency Apr 15, 2024 Apr 09, 2024 Change 1 Month FYTD CYTD 1 Day 7 Day 1 Month MTD FYTD CYTD
USD 278.1226 277.9394 -0.1832 0.6202 7.8679 3.7381 -0.07% -0.06% 0.22% -0.06% 2.83% 1.34%
EUR 296.4231 301.6199 5.1968 6.9048 16.5077 15.0752 1.75% 1.57% 2.33% 1.06% 5.57% 5.09%
GBP 347.1804 351.6907 4.5103 7.9937 16.9569 11.4168 1.3% 1.09% 2.3% 1.06% 4.88% 3.29%
CHF 304.625 307.0645 2.4395 10.3742 15.1318 30.4448 0.8% 0.88% 3.41% 1.2% 4.97% 9.99%
JPY 1.8066 1.8297 0.0231 0.0713 0.1857 0.1829 1.28% 1.31% 3.95% 1.64% 10.28% 10.12%
SAR 74.1423 74.0994 -0.0429 0.1851 2.1117 1.0205 -0.06% -0.06% 0.25% -0.04% 2.85% 1.38%
AED 75.7311 75.6874 -0.0437 0.1668 2.1307 1.0116 -0.06% -0.06% 0.22% -0.06% 2.81% 1.34%
CNY 38.4224 38.4226 0.0002 0.3134 1.2473 1.209 0% 0.01% 0.82% 0.14% 3.25% 3.15%

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 -0.97% 10.42% 04-Jul-23 05-Sep-23 286 223
EUR 291.618 332.701 41.083 -1.62% 12.24% 16-Oct-23 31-Aug-23 182 228
GBP 337.032 387.972 50.9401 -2.92% 11.75% 16-Oct-23 31-Aug-23 182 228
CHF 306.458 347.163 40.7049 0.6% 13.96% 13-Oct-23 31-Aug-23 185 228
JPY 1.851 2.2178 0.3668 2.46% 22.76% 16-Oct-23 11-May-23 182 340
SAR 73.4412 81.8703 8.429 -0.95% 10.42% 04-Jul-23 05-Sep-23 286 223
AED 74.9888 83.6089 8.620 -0.98% 10.4% 04-Jul-23 05-Sep-23 286 223
CNY 37.8634 43.0908 5.2274 -1.45% 12.15% 16-Oct-23 11-May-23 182 340

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Posted on: 2024-04-15T16:01:43+05:00