PKR remains stable at 279.11 against USD

MG News | February 29, 2024 at 04:07 PM GMT+05:00

0:00

February 29, 2024 (MLN): The Pakistani rupee (PKR) remained stable against the US dollar in Thursday's interbank session as the currency settled the trade at PKR 279.11 per USD.

The currency saw an intraday high (bid) of 279.5 and a low (ask) of 279.

In the open market, exchange companies quoted the dollar at 279.45 for buying and 282.04 for selling.

In comparison to major currencies, PKR lost 29.9 paisa against the Euro, closing at 302.42 compared to the previous value of 302.12.

The British Pound became cheaper by 6.52 paisa closing at 353.24 compared to 353.31 from a day ago.

The Swiss franc saw gains of 76.69 paisa, closing at 317.66 compared to 316.89 from the previous session.

Against the Japanese Yen, PKR lost 1.41 paisa, closing at 1.8652 versus 1.8511 a day ago.

The Chinese Yuan gained 2.65 paisa, closing at 38.8 against 38.77 from the previous session.

The Saudi Riyal closed at 74.42 with a loss of 0.3 paisa from its value of 74.42 a day ago.

The U.A.E Dirham increased in value by 0.11 paisa from 75.99 a day ago to 75.99.

During the current financial year, PKR has appreciated against the Dollar by 6.88 rupees or 2.46%. While the current calendar year has seen PKR appreciate by 2.75 rupees or 0.98%.

In the Money Market, the benchmark 6 Month Karachi Interbank Bid and Offer rates inched down by 1 bps to 21.48% and 21.73%.

Performance Summary

Currency	Feb 29, 2024	Feb 28, 2024	Change	1 Month	FYTD	CYTD	1 Day	7 Day	1 Month	MTD	FYTD	CYTD
USD	279.1117	279.1191	0.0074	0.4364	6.8788	2.749	0%	0.08%	0.16%	0.14%	2.46%	0.98%
EUR	302.4175	302.1185	-0.299	0.2632	10.5133	9.0808	-0.1%	0.31%	0.09%	-0.03%	3.48%	3%
GBP	353.2438	353.309	0.0652	1.6145	10.8935	5.3534	0.02%	0.32%	0.46%	0.29%	3.08%	1.52%
CHF	317.6597	316.8928	-0.7669	6.9433	2.0971	17.4101	-0.24%	0.43%	2.19%	1.88%	0.66%	5.48%
JPY	1.8652	1.8511	-0.0141	0.0325	0.1271	0.1243	-0.76%	-0.2%	1.74%	1.48%	6.81%	6.66%
SAR	74.4218	74.4248	0.003	0.1214	1.8322	0.741	0%	0.07%	0.16%	0.14%	2.46%	1%
AED	75.9932	75.9921	-0.0011	0.1178	1.8686	0.7495	0%	0.07%	0.16%	0.13%	2.46%	0.99%
CNY	38.7976	38.7711	-0.0265	0.1538	0.8721	0.8338	-0.07%	0.16%	0.4%	0.32%	2.25%	2.15%

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	-1.32%	10.03%	04-Jul-23	05-Sep-23	240	177
EUR	291.618	332.701	41.083	-3.57%	10.01%	16-Oct-23	31-Aug-23	136	182
GBP	329.977	387.972	57.9953	-6.59%	9.83%	08-Mar-23	31-Aug-23	358	182
CHF	296.118	347.163	51.0447	-6.78%	9.29%	08-Mar-23	31-Aug-23	358	182
JPY	1.851	2.2178	0.3668	-0.76%	18.9%	16-Oct-23	11-May-23	136	294
SAR	73.4412	81.8703	8.4291	-1.32%	10.01%	04-Jul-23	05-Sep-23	240	177
AED	74.9888	83.6089	8.6201	-1.32%	10.02%	04-Jul-23	05-Sep-23	240	177
CNY	37.8634	43.0908	5.2274	-2.41%	11.07%	16-Oct-23	11-May-23	136	294

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