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PKR closes March with modest 1.16 rupee uptick against USD

PKR closes March with modest 1.16 rupee uptick against USD
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March 29, 2024 (MLN): The Pakistani rupee (PKR) remained largely stable against the US Dollar in March, experiencing a slight uptick of 1.16 rupees to close the month at PKR 277.95 per USD

Meanwhile, in Friday's session alone, the local unit appreciated by 8.61 paisa against the US dollar.

Throughout today's session, the currency saw an intraday high (bid) of 278.45 and a low (ask) of 280.41.

In the open market, exchange companies quoted the dollar at 278.04 for buying and 282.5 for selling.

In comparison to major currencies, PKR gained 44.04 paisa against the Euro, closing at 299.56 compared to the previous value of 300.

The British Pound became expensive by 28.05 paisa closing at 350.87 compared to 350.59 from a day ago.

The Swiss franc saw gains of 1.44 rupees, closing at 308.28 compared to 306.85 from the previous session.

Against the Japanese Yen, PKR gained 0.02 paisa, closing at 1.8362 versus 1.8364 a day ago.

The Chinese Yuan gained 0.6 paisa, closing at 38.48 against 38.47 from the previous session.

The Saudi Riyal closed at 74.11 with a loss of 2 paisa from its value of 74.13 a day ago.

The U.A.E Dirham decreased in value by 2.65 paisa from 75.69 a day ago to 75.71.

During the current financial year, PKR has appreciated against the Dollar by 8.04 rupees or 2.89%. While the current calendar year has seen PKR appreciate by 3.91 rupees or 1.41%.

In the Money Market, the benchmark 6 Month Karachi Interbank Bid and Offer rates remained unchanged at 21.45% and 21.7%.

Meanwhile, the State Bank of Pakistan (SBP) conducted a reverse repo and Shariah Compliant Modarabah based Open Market Operation (OMO) today, in which it cumulatively injected a total of Rs2.71 trillion into the market.

Performance Summary

Currency Mar 29, 2024 Mar 28, 2024 Change 1 Month FYTD CYTD 1 Day 7 Day 1 Month MTD FYTD CYTD
USD 277.9472 278.0333 0.0861 1.246 8.0433 3.9135 0.03% 0.07% 0.45% 0.42% 2.89% 1.41%
EUR 299.5576 299.998 0.4404 2.5016 13.3732 11.9407 0.15% 0.49% 0.84% 0.95% 4.46% 3.99%
GBP 350.8667 350.5862 -0.2805 2.0056 13.2706 7.7305 -0.08% -0.06% 0.57% 0.68% 3.78% 2.2%
CHF 308.2822 306.8462 -1.436 6.7277 11.4746 26.7876 -0.47% 0.31% 2.18% 3.04% 3.72% 8.69%
JPY 1.8362 1.8364 0.0002 0.0181 0.1561 0.1533 0.01% 0.05% 0.99% 1.58% 8.5% 8.35%
SAR 74.1104 74.1304 0.02 0.3352 2.1436 1.0524 0.03% 0.07% 0.45% 0.42% 2.89% 1.42%
AED 75.6875 75.714 0.0265 0.3269 2.1743 1.0552 0.04% 0.06% 0.43% 0.4% 2.87% 1.39%
CNY 38.4753 38.4693 -0.006 0.3093 1.1944 1.1561 -0.02% 0.02% 0.8% 0.84% 3.1% 3%

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 -0.9% 10.49% 04-Jul-23 05-Sep-23 269 206
EUR 291.618 332.701 41.083 -2.65% 11.06% 16-Oct-23 31-Aug-23 165 211
GBP 337.032 387.972 50.9401 -3.94% 10.58% 16-Oct-23 31-Aug-23 165 211
CHF 306.458 347.163 40.7049 -0.59% 12.61% 13-Oct-23 31-Aug-23 168 211
JPY 1.851 2.2178 0.3668 0.81% 20.78% 16-Oct-23 11-May-23 165 323
SAR 73.4412 81.8703 8.4291 -0.9% 10.47% 04-Jul-23 05-Sep-23 269 206
AED 74.9888 83.6089 8.6201 -0.92% 10.47% 04-Jul-23 05-Sep-23 269 206
CNY 37.8634 43.0908 5.2274 -1.59% 12% 16-Oct-23 11-May-23 165 323

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Posted on: 2024-03-29T14:50:33+05:00