April 29, 2024 (MLN): The Pakistani rupee (PKR) experienced a marginal decline of 1 paisa against the US dollar in Monday's interbank session, settling at PKR 278.4 per USD, compared to the previous session's closing of PKR 278.39 per USD.
The currency saw an intraday high (bid) of 278.6 and a low (ask) of 278.4.
In the open market, exchange companies quoted the dollar at 277.05 for buying and 279.69 for selling.
Last week, the home currency witnessed a challenging period and settled with a loss of around 8 paisa against the US Dollar.
Financial markets currently await the central bank's decision on the Monetory Policy which currently stands at a record high of 22%.
In comparison to major currencies, PKR gained 49.12 paisa against the Euro, closing at 298.39 compared to the previous value of 298.88.
The British Pound became expensive by 30.39 paisa closing at 348.79 compared to 348.49 from a day ago.
The Swiss franc saw losses of 34.17 paisa, closing at 305.31 compared to 305.65 from the previous session.
Against the Japanese Yen, PKR lost 0.14 paisa, closing at 1.786 versus 1.7846 a day ago.
The Chinese Yuan lost 0.45 paisa, closing at 38.42 against 38.42 from the previous session.
The Saudi Riyal closed at 74.23 with a gain of 0.35 paisa from its value of 74.22 a day ago.
The U.A.E Dirham increased in value by 0.36 paisa from 75.8 a day ago to 75.79.
During the current financial year, PKR has appreciated against the Dollar by 7.59 rupees or 2.73%. 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 6 bps to 21.12% and 21.37%.
Performance Summary
| Currency | Apr 29, 2024 | Apr 26, 2024 | Change | 1 Month | FYTD | CYTD | 1 Day | 7 Day | 1 Month | MTD | FYTD | CYTD |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| USD | 278.3976 | 278.3883 | -0.0093 | -0.4504 | 7.5929 | 3.4631 | 0% | -0.02% | -0.16% | -0.16% | 2.73% | 1.24% |
| EUR | 298.3865 | 298.8777 | 0.4912 | 1.1711 | 14.5443 | 13.1118 | 0.16% | -0.59% | 0.39% | 0.39% | 4.87% | 4.39% |
| GBP | 348.7904 | 348.4865 | -0.3039 | 2.0763 | 15.3469 | 9.8068 | -0.09% | -1.3% | 0.6% | 0.6% | 4.4% | 2.81% |
| CHF | 305.3108 | 305.6525 | 0.3417 | 2.9714 | 14.446 | 29.759 | 0.11% | 0.14% | 0.97% | 0.97% | 4.73% | 9.75% |
| JPY | 1.786 | 1.7846 | -0.0014 | 0.0502 | 0.2063 | 0.2035 | -0.08% | 0.76% | 2.81% | 2.81% | 11.55% | 11.39% |
| SAR | 74.2275 | 74.224 | -0.0035 | -0.1171 | 2.0265 | 0.9353 | 0% | -0.03% | -0.16% | -0.16% | 2.73% | 1.26% |
| AED | 75.7978 | 75.7942 | -0.0036 | -0.1103 | 2.064 | 0.9449 | 0% | -0.02% | -0.15% | -0.15% | 2.72% | 1.25% |
| CNY | 38.4177 | 38.4222 | 0.0045 | 0.0576 | 1.252 | 1.2137 | 0.01% | 0.02% | 0.15% | 0.15% | 3.26% | 3.16% |
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 | -1.06% | 10.31% | 04-Jul-23 | 05-Sep-23 | 300 | 237 |
| EUR | 291.618 | 332.701 | 41.083 | -2.27% | 11.5% | 16-Oct-23 | 31-Aug-23 | 196 | 242 |
| GBP | 337.032 | 387.972 | 50.9401 | -3.37% | 11.23% | 16-Oct-23 | 31-Aug-23 | 196 | 242 |
| CHF | 306.458 | 347.163 | 40.7049 | 0.38% | 13.71% | 13-Oct-23 | 31-Aug-23 | 199 | 242 |
| JPY | 1.851 | 2.2178 | 0.3668 | 3.64% | 24.18% | 16-Oct-23 | 11-May-23 | 196 | 354 |
| SAR | 73.4412 | 81.8703 | 8.429 | -1.06% | 10.3% | 04-Jul-23 | 05-Sep-23 | 300 | 237 |
| AED | 74.9888 | 83.6089 | 8.620 | -1.07% | 10.31% | 04-Jul-23 | 05-Sep-23 | 300 | 237 |
| CNY | 37.8634 | 43.0908 | 5.2274 | -1.44% | 12.16% | 16-Oct-23 | 11-May-23 | 196 | 354 |
Copyright Mettis Link News
Posted on: 2024-04-29T16:11:30+05:00
