PKR weakens by 6 paisa against USD

By MG News | October 29, 2024 at 04:45 PM GMT+05:00

0:00

October 29, 2024 (MLN): The Pakistani rupee (PKR) decreased by 6.11 paisa or 0.02% against the US dollar in Tuesday's interbank session to settle the trade at PKR 277.74 per USD, compared to previous closing of 277.68.

Throughout the day, the currency saw an intraday high (bid) of 277.80 and a low (ask) of 277.70.

In the open market, exchange companies quoted the dollar at 277.60 for buying and 277.80 for selling.

In comparison to major currencies, PKR deteriorated 27.43 paisa or 0.09% against the Euro, closing at 300.24 compared to the previous value of 299.97.

Against the British Pound, PKR weakened by 34.30 paisa or 0.10% to 360.40 compared to 360.06 a day ago.

The local unit fell 62.46 paisa or 0.20% against Swiss franc to close at 320.63.

Against the Japanese Yen, PKR's value deteriorated 0.26 paisa or 0.14% to close the session at 1.8131 versus 1.8105 a day ago.

Pakistani Rupee rose 5.52 paisa or 0.14% against Chinese Yuan to close at 38.89 from 38.95.

The local currency deteriorated by 1.43 paisa or 0.02% against Saudi Riyal to 73.95. While it weakened by 1.66 paisa or 0.02% against the U.A.E Dirham to close at 75.62.

During the current fiscal year, PKR has strengthened against the US Dollar by 59.89 paisa or 0.22%. While it has rose 4.12 rupees or 1.48% so far this calendar year.

In the Money Market, the benchmark 6 Month Karachi Interbank Bid and Offer rates fell by 8 bps to 13.75% and 14.00%.

Performance Summary

Currency	Oct 29, 2024	Oct 28, 2024	1D		7D		1M		FYTD		CYTD
USD	277.7423	277.6812	-0.0611	-0.02%	-0.0049	-0.00%	-0.1033	-0.04%	0.5989	0.22%	4.1184	1.48%
EUR	300.2394	299.9651	-0.2743	-0.09%	0.6613	0.22%	8.9533	2.98%	-2.5534	-0.85%	11.2589	3.75%
GBP	360.3983	360.0553	-0.3430	-0.10%	0.7437	0.21%	10.8467	3.01%	-8.4775	-2.35%	-1.8011	-0.50%
CHF	320.6260	320.0014	-0.6246	-0.19%	0.4763	0.15%	7.4555	2.33%	-11.2204	-3.50%	14.4438	4.50%
JPY	1.8131	1.8105	-0.0026	-0.14%	0.0284	1.57%	0.1198	6.61%	-0.0833	-4.59%	0.1764	9.73%
SAR	73.9522	73.9379	-0.0143	-0.02%	0.0007	0.00%	0.0651	0.09%	0.2425	0.33%	1.2106	1.64%
AED	75.6173	75.6007	-0.0166	-0.02%	-0.0024	-0.00%	-0.0281	-0.04%	0.1631	0.22%	1.1254	1.49%
CNY	38.8935	38.9487	0.0552	0.14%	0.1102	0.28%	0.6971	1.79%	-0.5883	-1.51%	0.7379	1.90%

52 Week Performance

Currency	High	Low	Trading Band	% Since High	% Since Low	High Date	Low Date	Days Since High	Days Since Low
USD	277.5179	288.1406	10.6227	-0.08%	3.74%	04-Oct-24	15-Nov-23	25	349
EUR	295.5304	313.4962	17.9658	-1.57%	4.42%	16-Apr-24	29-Nov-23	196	335
GBP	339.8223	372.1217	32.2994	-5.71%	3.25%	30-Oct-23	30-Sep-24	365	29
CHF	304.0534	335.8529	31.7996	-5.17%	4.75%	27-May-24	28-Dec-23	155	306
JPY	1.7211	2.0020	0.2809	-5.07%	10.42%	03-Jul-24	28-Dec-23	118	306
SAR	73.8767	76.8293	2.9526	-0.10%	3.89%	04-Oct-24	15-Nov-23	25	349
AED	75.5541	78.4505	2.8964	-0.08%	3.75%	04-Oct-24	15-Nov-23	25	349
CNY	38.2611	40.0793	1.8182	-1.63%	3.05%	22-Jul-24	21-Nov-23	99	343

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