PKR weakens by around 2 rupees against greenback

MG News | July 10, 2023 at 03:46 PM GMT+05:00

0:00

July 10, 2023 (MLN): The Pakistani rupee (PKR) depreciated by 1.91 rupees against the US dollar in Monday's interbank session as the currency settled the trade at PKR 279.80 per USD, compared to the previous session's closing of PKR 277.89 per USD.

The currency saw an intraday high (bid) of 280.1 and a low (ask) of 279.9.

In the open market, Exchange Companies quoted the dollar at 280 for buying and 283 for selling.

In comparison to major currencies, PKR lost 4.34 rupees against the Euro, closing at 306.58 compared to the previous value of 302.24.

The British Pound became more expensive by 4.58 rupees closing at 358.51 compared to 353.93 from a day ago.

The Swiss franc saw gains of 4.36 rupees, closing at 314.59 compared to 310.23 from the previous session.

Against the Japanese Yen, PKR lost 2.55 paisa, closing at 1.9647 versus 1.9392 a day ago.

The Chinese Yuan gained 32.51 paisa, closing at 38.67 against 38.35 from the previous session.

The Saudi Riyal increased in value by 52.03 paisa from 75.65 a day ago to 76.17.

The U.A.E Dirham closed at 74.58 with a gain of 50.84 paisa from its values of 74.07 a day ago.

During the current financial year, PKR has appreciated against the Dollar by 6.19 Rupees or 2.21%. While the current calendar year has seen PKR depreciate by 53.37 rupees or 19.08%.

In the Money Market, the benchmark 6-Month Karachi Interbank Bid and Offer rates inched up by 1 bps to 22.73% and 22.98%.

Performance Summary

Currency	Jul 10, 2023	Jul 07, 2023	Change	1 Month	FYTD	CYTD	1 Day %	7 Day %	1 Month %	MTD %	FYTD %	CYTD %
USD	279.80	277.89	-1.90	7.12	6.18	-53.3736	-0.68	2.21	2.55	2.21	2.21	-19.08
EUR	306.58	302.24	-4.34	2.30	6.34	-65.2743	-1.42	2.07	0.75	2.07	2.07	-21.29
GBP	358.51	353.93	-4.58	1.47	5.62	-85.4378	-1.28	1.57	0.41	1.57	1.57	-23.83
CHF	314.59	310.23	-4.35	4.0018	5.15	-69.5706	-1.39	1.64	1.27	1.64	1.64	-22.11
JPY	1.96	1.93	-0.025	0.09	0.02	-0.2511	-1.30	1.40	4.58	1.40	1.40	-12.78
SAR	74.58	74.07	-0.50	1.91	1.66	-14.3817	-0.68	2.24	2.57	2.24	2.24	-19.28
AED	76.17	75.65	-0.52	1.94	1.68	-14.5253	-0.68	2.21	2.55	2.21	2.21	-19.07
CNY	38.67	38.35	-0.32	1.59	0.99	-6.1131	-0.84	2.56	4.12	2.56	2.56	-15.80

52 Week Performance

Currency	High	Low	Trading Band	% Since High	% Since Low	High Date	Low Date	Days Since High	Days Since Low
USD	209.80	298.93	89.12	-25.02	6.84	14-Jul-22	11-May-23	361	60
EUR	210.60	326.85	116.25	-31.31	6.61	14-Jul-22	11-May-23	361	60
GBP	240.02	376.32	136.29	-33.05	4.97	11-Oct-22	11-May-23	272	60
CHF	213.28	334.22	120.94	-32.21	6.24	14-Jul-22	11-May-23	361	60
JPY	1.46	2.21	0.75	-25.30	12.88	21-Oct-22	11-May-23	262	60
SAR	55.88	79.70	23.81	-25.07	6.86	14-Jul-22	11-May-23	361	60
AED	57.11	81.40	24.28	-25.02	6.86	14-Jul-22	11-May-23	361	60
CNY	30.07	43.09	13.01	-22.25	11.41	25-Oct-22	11-May-23	258	60

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