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PKR remains stable against USD this week

Pak Rupee loses 9 paisa against greenback
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May 24, 2024 (MLN): The Pakistani rupee (PKR) remained stable against the US dollar this week in interbank market as the currency settled the trade at PKR 278.21 per USD.

Meanwhile, in Friday's session alone, the local unit appreciated by 9.03 paisa against the US dollar compared to the previous session's closing of PKR 278.3 per USD.

Throughout today's session, the currency saw an intraday high (bid) of 278.5 and a low (ask) of 278.3.

In the open market, exchange companies quoted the dollar at 277.25 for buying and 280.00 for selling.

In comparison to major currencies, PKR gained 51.52 paisa against the Euro on Friday, closing at 301.16 compared to the previous value of 301.68.

The British Pound became cheaper by 51.82 paisa closing at 353.34 compared to 353.86 from a day ago.

The Swiss franc saw losses of 19.87 paisa, closing at 304.24 compared to 304.44 from the previous session.

Against the Japanese Yen, PKR gained 0.45 paisa, closing at 1.7714 versus 1.7759 a day ago.

The Chinese Yuan lost 1.38 paisa, closing at 38.4 against 38.42 from the previous session.

The Saudi Riyal closed at 74.18 with a loss of 2.6 paisa from its value of 74.2 a day ago.

The U.A.E Dirham decreased in value by 2.46 paisa from 75.74 a day ago to 75.77.

During the current financial year, PKR has appreciated against the Dollar by 7.78 rupees or 2.8%. While the current calendar year has seen PKR appreciate by 3.65 rupees or 1.31%.

In the Money Market, the benchmark 6 Month Karachi Interbank Bid and Offer rates remained unchanged at 21.02% and 21.27%.

Meanwhile, the State Bank of Pakistan (SBP) conducted a reverse repo and Shariah Compliant Modarabah based Open Market Operation (OMO) today, in which it cumulatively injected a total of Rs241.35 billion into the market.

Performance Summary

Currency May 24, 2024 May 23, 2024 Change 1 Month FYTD CYTD 1 Day 7 Day 1 Month MTD FYTD CYTD
USD 278.2097 278.3 0.0903 0.2749 7.7808 3.651 0.03% 0% 0.1% 0.04% 2.8% 1.31%
EUR 301.162 301.6772 0.5152 -2.4873 11.7688 10.3363 0.17% 0.23% -0.83% -1.06% 3.91% 3.43%
GBP 353.3403 353.8585 0.5182 -4.9282 10.797 5.2569 0.15% -0.39% -1.39% -1.23% 3.06% 1.49%
CHF 304.2372 304.4359 0.1987 0.7007 15.5196 30.8326 0.07% 0.63% 0.23% 0.21% 5.1% 10.13%
JPY 1.7714 1.7759 0.0045 0.0178 0.2209 0.2181 0.25% 0.75% 1% 0.2% 12.47% 12.31%
SAR 74.1774 74.2034 0.026 0.0713 2.0766 0.9854 0.04% 0.01% 0.1% 0.04% 2.8% 1.33%
AED 75.7435 75.7681 0.0246 0.079 2.1183 0.9992 0.03% 0% 0.1% 0.04% 2.8% 1.32%
CNY 38.4013 38.4151 0.0138 0.026 1.2684 1.2301 0.04% 0.29% 0.07% 0.08% 3.3% 3.2%

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% 10.38% 04-Jul-23 05-Sep-23 325 262
EUR 291.618 332.701 41.083 -3.17% 10.47% 16-Oct-23 31-Aug-23 221 267
GBP 337.032 387.972 50.9401 -4.62% 9.8% 16-Oct-23 31-Aug-23 221 267
CHF 306.458 347.163 40.7049 0.73% 14.11% 13-Oct-23 31-Aug-23 224 267
JPY 1.851 2.1004 0.2494 4.49% 18.57% 16-Oct-23 01-Sep-23 221 266
SAR 73.4412 81.8703 8.4291 -0.99% 10.37% 04-Jul-23 05-Sep-23 325 262
AED 74.9888 83.6089 8.6201 -1% 10.38% 04-Jul-23 05-Sep-23 325 262
CNY 37.8634 42.0637 4.2003 -1.4% 9.54% 16-Oct-23 01-Sep-23 221 266

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Posted on: 2024-05-24T15:54:00+05:00