PKR records largest gain against USD in almost 4 months

MG News | July 12, 2024 at 03:59 PM GMT+05:00

0:00

July 12, 2024 (MLN): The Pakistani rupee (PKR) jumped 20.91 paisa or 0.08% against the US dollar in Friday's interbank session to PKR 278.4 per USD, the largest daily gain since March.

The currency saw an intraday high (bid) of 278.80 and a low (ask) of 278.60.

In the open market, exchange companies quoted the dollar at 279.00 for buying and 280.50 for selling.

In comparison to major currencies, PKR lost 84.51 paisa against the Euro, closing at 302.86 compared to the previous value of 302.01.

The British Pound became expensive by 1.46 rupees closing at 360.03 compared to 358.57 from a day ago.

The Swiss franc saw gains of 87.36 paisa, closing at 310.78 compared to 309.91 from the previous session.

Against the Japanese Yen, PKR lost 2.45 paisa, closing at 1.7487 versus 1.7242 a day ago.

The Chinese Yuan gained 2.9 paisa, closing at 38.35 against 38.32 from the previous session.

The Saudi Riyal closed at 74.23 with a loss of 5.58 paisa from its value of 74.28 a day ago.

The U.A.E Dirham decreased in value by 5.69 paisa from 75.8 a day ago to 75.85.

During the current financial year, PKR has depreciated against the Dollar by 5.88 paisa or 0.02%. While the current calendar year has seen PKR appreciate by 3.46 rupees or 1.24%.

In the Money Market, the benchmark 6 Month Karachi Interbank Bid and Offer rates inched down by 1 bps to 19.7% and 19.95%.

Performance Summary

Currency	Jul 12, 2024	Jul 11, 2024	Change	1 Month	FYTD	CYTD	1 Day	7 Day	1 Month	MTD	FYTD	CYTD
USD	278.4	278.6091	0.2091	0.1919	-0.0588	3.4607	0.08%	-0.01%	0.07%	-0.02%	-0.02%	1.24%
EUR	302.8574	302.0123	-0.8451	-1.5742	-5.1714	8.6409	-0.28%	-0.47%	-0.52%	-1.71%	-1.71%	2.85%
GBP	360.0269	358.57	-1.4569	-3.7636	-8.1061	-1.4297	-0.4%	-1.2%	-1.05%	-2.25%	-2.25%	-0.4%
CHF	310.7837	309.9101	-0.8736	0.4747	-1.3781	24.2861	-0.28%	-0.27%	0.15%	-0.44%	-0.44%	7.81%
JPY	1.7487	1.7242	-0.0245	0.0226	-0.0189	0.2408	-1.4%	-0.98%	1.29%	-1.08%	-1.08%	13.77%
SAR	74.2261	74.2819	0.0558	0.0393	-0.0314	0.9367	0.08%	-0.02%	0.05%	-0.04%	-0.04%	1.26%
AED	75.7964	75.8533	0.0569	0.0512	-0.016	0.9463	0.08%	-0.01%	0.07%	-0.02%	-0.02%	1.25%
CNY	38.3482	38.3192	-0.029	0.0685	-0.043	1.2832	-0.08%	-0.11%	0.18%	-0.11%	-0.11%	3.35%

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	-0.56%	10.31%	16-Oct-23	05-Sep-23	270	311
EUR	291.618	332.701	41.083	-3.71%	9.85%	16-Oct-23	31-Aug-23	270	316
GBP	337.032	387.972	50.9401	-6.39%	7.76%	16-Oct-23	31-Aug-23	270	316
CHF	306.458	347.163	40.7049	-1.39%	11.71%	13-Oct-23	31-Aug-23	273	316
JPY	1.851	2.1004	0.2494	5.85%	20.11%	16-Oct-23	01-Sep-23	270	315
SAR	73.8029	81.8703	8.0674	-0.57%	10.3%	16-Oct-23	05-Sep-23	270	311
AED	75.3681	83.6089	8.2408	-0.57%	10.31%	16-Oct-23	05-Sep-23	270	311
CNY	37.8634	42.0637	4.2003	-1.26%	9.69%	16-Oct-23	01-Sep-23	270	315

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