PKR loses over 9 paisa against USD

By MG News | July 24, 2024 at 03:50 PM GMT+05:00

0:00

July 24, 2024 (MLN): The Pakistani rupee (PKR) depreciated by 9.28 paisa against the US dollar in Wednesday's interbank session as the currency settled the trade at PKR 278.5 per USD, compared to the previous session's closing of PKR 278.41 per USD.

The currency saw an intraday high (bid) of 278.70 and a low (ask) of 278.50.

In the open market, exchange companies quoted the dollar at 278.5 for buying and 279.75 for selling.

In comparison to major currencies, PKR gained 1.24 rupees against the Euro, closing at 301.56 compared to the previous value of 302.8.

The British Pound became cheaper by 81.31 paisa closing at 358.82 compared to 359.63 from a day ago.

The Swiss franc saw losses of 19.43 paisa, closing at 312.71 compared to 312.9 from the previous session.

Against the Japanese Yen, PKR lost 1.57 paisa, closing at 1.8014 versus 1.7857 a day ago.

The Chinese Yuan gained 0.67 paisa, closing at 38.28 against 38.27 from the previous session.

The Saudi Riyal closed at 74.24 with a gain of 2.08 paisa from its value of 74.22 a day ago.

The U.A.E Dirham increased in value by 2.53 paisa from 75.82 a day ago to 75.8.

During the current financial year, PKR has depreciated against the Dollar by 15.88 paisa or 0.06%. While the current calendar year has seen PKR appreciate by 3.36 rupees or 1.21%.

In the Money Market, the benchmark 6 Month Karachi Interbank Bid and Offer rates inched down by 10 bps to 19.49% and 19.74%.

Performance Summary

Currency	Jul 24, 2024	Jul 23, 2024	Change	1 Month	FYTD	CYTD	1 Day	7 Day	1 Month	MTD	FYTD	CYTD
USD	278.5	278.4072	-0.0928	0	-0.1588	3.3607	-0.03%	-0.14%	0%	-0.06%	-0.06%	1.21%
EUR	301.5598	302.7956	1.2358	-2.8128	-3.8738	9.9385	0.41%	0.46%	-0.93%	-1.28%	-1.28%	3.3%
GBP	358.8194	359.6325	0.8131	-5.3054	-6.8986	-0.2222	0.23%	0.6%	-1.48%	-1.92%	-1.92%	-0.06%
CHF	312.7106	312.9049	0.1943	-0.9103	-3.305	22.3592	0.06%	-0.62%	-0.29%	-1.06%	-1.06%	7.15%
JPY	1.8014	1.7857	-0.0157	-0.0547	-0.0716	0.1881	-0.87%	-2.24%	-3.04%	-3.97%	-3.97%	10.44%
SAR	74.2429	74.2221	-0.0208	-0.0119	-0.0482	0.9199	-0.03%	-0.13%	-0.02%	-0.06%	-0.06%	1.24%
AED	75.8246	75.7993	-0.0253	-0.0031	-0.0442	0.9181	-0.03%	-0.14%	0%	-0.06%	-0.06%	1.21%
CNY	38.2805	38.2738	-0.0067	0.0664	0.0247	1.3509	-0.02%	0.02%	0.17%	0.06%	0.06%	3.53%

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	-0.6%	10.27%	16-Oct-23	05-Sep-23	282	323
EUR	291.618	332.701	41.083	-3.3%	10.33%	16-Oct-23	31-Aug-23	282	328
GBP	337.032	387.972	50.9401	-6.07%	8.12%	16-Oct-23	31-Aug-23	282	328
CHF	306.458	347.163	40.7049	-2%	11.02%	13-Oct-23	31-Aug-23	285	328
JPY	1.851	2.1004	0.2494	2.75%	16.6%	16-Oct-23	01-Sep-23	282	327
SAR	73.8029	81.8703	8.0674	-0.59%	10.27%	16-Oct-23	05-Sep-23	282	323
AED	75.3681	83.6089	8.2408	-0.6%	10.27%	16-Oct-23	05-Sep-23	282	323
CNY	37.8634	42.0637	4.2003	-1.09%	9.88%	16-Oct-23	01-Sep-23	282	327

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