May 02, 2024 (MLN): The Pakistani rupee (PKR) appreciated by 1.42 paisa against the US dollar in Thursday's interbank session as the currency settled the trade at PKR 278.3 per USD, compared to the previous session's closing of PKR 278.31 per USD.
The currency saw an intraday high (bid) of 278.55 and a low (ask) of 278.35.
To note, domestic currency ended April in the red zone, closing with a loss of around 37 paisa against the mighty Dollar.
In the open market, exchange companies quoted the dollar at 277.04 for buying and 279.65 for selling.
Meanwhile, in today's interbank session, in comparison to major currencies, PKR lost 15.18 paisa against the Euro, closing at 298.12 compared to the previous value of 297.96.
The British Pound became cheaper by 47.7 paisa closing at 348.52 compared to 348.99 from a day ago.
The Swiss franc saw gains of 11.81 paisa, closing at 304.99 compared to 304.87 from the previous session.
Against the Japanese Yen, PKR lost 1.46 paisa, closing at 1.7895 versus 1.7749 a day ago.
The Chinese Yuan gained 0.1 paisa, closing at 38.43 against 38.43 from the previous session.
The Saudi Riyal closed at 74.2 with a loss of 0.08 paisa from its value of 74.21 a day ago.
The U.A.E Dirham decreased in value by 0.28 paisa from 75.77 a day ago to 75.78.
During the current financial year, PKR has appreciated against the Dollar by 7.69 rupees or 2.76%. While the current calendar year has seen PKR appreciate by 3.56 rupees or 1.28%.
In the Money Market, the benchmark 6 Month Karachi Interbank Bid and Offer rates inched up by 4 bps to 21.33% and 21.58%.
In Tuesday's Market Treasury Bill (MTB) auction, the central bank raised Rs252.92 billion for 3,6 and 12 months against a target of Rs300bn with yields remaining unchanged.
Performance Summary
| Currency | May 02, 2024 | Apr 30, 2024 | Change | 1 Month | FYTD | CYTD | 1 Day | 7 Day | 1 Month | MTD | FYTD | CYTD |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| USD | 278.3 | 278.3142 | 0.0142 | -0.3839 | 7.6905 | 3.5607 | 0.01% | 0.07% | -0.14% | 0.01% | 2.76% | 1.28% |
| EUR | 298.115 | 297.9632 | -0.1518 | 1.2284 | 14.8158 | 13.3833 | -0.05% | 0.19% | 0.41% | -0.05% | 4.97% | 4.49% |
| GBP | 348.5151 | 348.9921 | 0.477 | 0.7281 | 15.6222 | 10.0821 | 0.14% | -0.03% | 0.21% | 0.14% | 4.48% | 2.89% |
| CHF | 304.9863 | 304.8682 | -0.1181 | 0.9876 | 14.7705 | 30.0835 | -0.04% | -0.02% | 0.32% | -0.04% | 4.84% | 9.86% |
| JPY | 1.7895 | 1.7749 | -0.0146 | 0.0426 | 0.2028 | 0.2 | -0.82% | -0.02% | 2.38% | -0.82% | 11.33% | 11.18% |
| SAR | 74.2044 | 74.2052 | 0.0008 | -0.1093 | 2.0496 | 0.9584 | 0% | 0.06% | -0.15% | 0% | 2.76% | 1.29% |
| AED | 75.7722 | 75.775 | 0.0028 | -0.0994 | 2.0896 | 0.9705 | 0% | 0.07% | -0.13% | 0% | 2.76% | 1.28% |
| CNY | 38.4334 | 38.4324 | -0.001 | -0.0247 | 1.2363 | 1.198 | 0% | -0.02% | -0.06% | 0% | 3.22% | 3.12% |
52 Week Performance
| Currency | High | Low | Trading Band | % Since High | % Since Low | High Date | Low Date | Days Since High | Days Since Low |
|---|---|---|---|---|---|---|---|---|---|
| USD | 275.438 | 307.1 | 31.6619 | -1.03% | 10.35% | 04-Jul-23 | 05-Sep-23 | 303 | 240 |
| EUR | 291.618 | 332.701 | 41.083 | -2.18% | 11.6% | 16-Oct-23 | 31-Aug-23 | 199 | 245 |
| GBP | 337.032 | 387.972 | 50.9401 | -3.29% | 11.32% | 16-Oct-23 | 31-Aug-23 | 199 | 245 |
| CHF | 306.458 | 347.163 | 40.7049 | 0.48% | 13.83% | 13-Oct-23 | 31-Aug-23 | 202 | 245 |
| JPY | 1.851 | 2.2178 | 0.3668 | 3.44% | 23.93% | 16-Oct-23 | 11-May-23 | 199 | 357 |
| SAR | 73.4412 | 81.8703 | 8.429 | -1.03% | 10.33% | 04-Jul-23 | 05-Sep-23 | 303 | 240 |
| AED | 74.9888 | 83.6089 | 8.620 | -1.03% | 10.34% | 04-Jul-23 | 05-Sep-23 | 303 | 240 |
| CNY | 37.8634 | 43.0908 | 5.2274 | -1.48% | 12.12% | 16-Oct-23 | 11-May-23 | 199 | 357 |
Copyright Mettis Link News
Posted on: 2024-05-02T16:08:22+05:00
