PKR weakens 9 paisa per USD

February 12, 2025 (MLN): The Pakistani rupee (PKR) deteriorated by 9.13 paisa or 0.03% against the US dollar in Wednesday's interbank session to settle the trade at PKR 279.26 per USD, compared to previous closing of 279.17.

Throughout the day, the currency saw an intraday high (bid) of 279.25 and a low (ask) of 279.25.

In the open market, exchange companies quoted the dollar at 279.00 for buying and 281.25 for selling.

In comparison to major currencies, PKR depreciated 2.05 rupees or 0.71% against the Euro, closing at 289.71 compared to the previous value of 287.67.

Against the British Pound, PKR deteriorated by 3.41 rupees or 0.99% to 347.91 compared to 344.50 a day ago.

The local unit gained 1.74 paisa or 0.01% against Swiss franc to close at 306.17.

Against the Japanese Yen, PKR's value increased 1.87 paisa or 1.02% to close the session at 1.8183 versus 1.8370 a day ago.

Pakistani Rupee deteriorated 1.14 paisa or 0.03% against Chinese Yuan to close at 38.21 from 38.20.

The local currency weakened by 1.93 paisa or 0.03% against Saudi Riyal to 74.46. While it fell by 2.38 paisa or 0.03% against the U.A.E Dirham to close at 76.03.

During the current fiscal year, PKR has weakened against the US Dollar by 91.56 paisa or 0.33%. While it has fell 70.68 paisa or 0.25% so far this calendar year.

In the Money Market, the benchmark 6 Month Karachi Interbank Bid and Offer rates inched up by 2bps to 11.57% and 11.82%.

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