PKR nears 280 against USD, hits 52-week low

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