PKR nears 280 against USD, hits 52-week low

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

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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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