PKR nears 280 against USD, hits 52-week low

MG News | March 07, 2025 at 02:27 PM GMT+05:00

0:00

March 07, 2025 (MLN): The Pakistani Rupee (PKR) neared the 280-mark, hitting a 52-week low as it depreciated by 15.33 paisa or 0.05% against the US Dollar (USD) in Friday’s interbank session. The local unit settled at PKR 279.97 per USD, compared to the previous close of PKR 279.82.

This decline marks a 0.88% depreciation from its 52-week high of 277.5179, recorded on October 4, 2024.

Throughout the day, the currency saw an intraday high (bid) of 280.16 and a low (ask) of 279.90.

In the open market, exchange companies quoted the dollar at 279.20 for buying and 281.75 for selling.

In comparison to major currencies, PKR deteriorated 1.17 rupees or 0.39% against the Euro, closing at 303.25 compared to the previous value of 302.07.

Against the British Pound, PKR depreciated by 19.78 paisa or 0.05% to 361.23 compared to 361.03 a day ago.

The local unit fell 3.39 rupees or 1.08% against Swiss franc to close at 318.04.

Against the Japanese Yen, PKR's value depreciated 0.99 paisa or 0.52% to close the session at 1.8958 versus 1.8859 a day ago.

Pakistani Rupee rose 0.15 paisa or 0.00% against Chinese Yuan to close at 38.63 from 38.64.

The local currency deteriorated by 3.29 paisa or 0.04% against Saudi Riyal to 74.63. While it fell by 3.97 paisa or 0.05% against the U.A.E Dirham to close at 76.23.

During the current fiscal year, PKR has depreciated against the US Dollar by 1.63 rupees or 0.58%. While it has weakened 1.42 rupees or 0.51% so far this calendar year.

In the Money Market, the benchmark 6 Month Karachi Interbank Bid and Offer rates inched down by 1bps to 11.56% and 11.81%.

Performance Summary

Currency	Mar 07, 2025	Mar 06, 2025	1D		7D		1M		FYTD		CYTD
USD	279.9688	279.8155	-0.1533	-0.05%	-0.3000	-0.11%	-0.9232	-0.33%	-1.6276	-0.58%	-1.4188	-0.51%
EUR	303.2482	302.0748	-1.1734	-0.39%	-12.3786	-4.08%	-13.4035	-4.42%	-5.5622	-1.83%	-13.1662	-4.34%
GBP	361.2298	361.0320	-0.1978	-0.05%	-9.0568	-2.51%	-14.0691	-3.89%	-9.3090	-2.58%	-11.5242	-3.19%
CHF	318.0380	314.6469	-3.3911	-1.07%	-7.6397	-2.40%	-10.2444	-3.22%	-8.6324	-2.71%	-9.6003	-3.02%
JPY	1.8958	1.8859	-0.0099	-0.52%	-0.0367	-1.94%	-0.0585	-3.09%	-0.1660	-8.75%	-0.1124	-5.93%
SAR	74.6325	74.5996	-0.0329	-0.04%	-0.0601	-0.08%	-0.2322	-0.31%	-0.4378	-0.59%	-0.4909	-0.66%
AED	76.2287	76.1890	-0.0397	-0.05%	-0.0786	-0.10%	-0.2545	-0.33%	-0.4483	-0.59%	-0.3925	-0.51%
CNY	38.6350	38.6365	0.0015	0.00%	-0.2374	-0.61%	-0.3424	-0.89%	-0.3298	-0.85%	-0.4735	-1.23%

52 Week Performance

Currency	High	Low	Trading Band	% Since High	% Since Low	High Date	Low Date	Days Since High	Days Since Low
USD	277.5179	279.9688	2.4509	-0.88%	0.00%	04-Oct-24	07-Mar-25	154	0
EUR	284.6665	311.2427	26.5762	-6.13%	2.64%	13-Jan-25	26-Aug-24	53	193
GBP	338.2418	372.1217	33.8799	-6.36%	3.02%	13-Jan-25	30-Sep-24	53	158
CHF	303.4906	330.8191	27.3285	-4.57%	4.02%	03-Feb-25	06-Sep-24	32	182
JPY	1.7211	1.9880	0.2669	-9.21%	4.86%	03-Jul-24	16-Sep-24	247	172
SAR	73.8767	74.6325	0.7558	-1.01%	0.00%	04-Oct-24	07-Mar-25	154	0
AED	75.5541	76.2287	0.6746	-0.88%	0.00%	04-Oct-24	07-Mar-25	154	0
CNY	37.9910	39.5910	1.6000	-1.67%	2.47%	10-Jan-25	30-Sep-24	56	158

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