USD TO PKR: The Pakistani rupee (PKR) appreciated by 12.24 paisa against the US dollar during Tuesday’s interbank session, closing the trade at PKR 278.5 per USD, compared to the previous session’s closing of PKR 278.62 per USD. The currency experienced an intraday high (bid) of 278.75 and a low (ask) of 278.55. A day earlier!
In the open market, exchange companies quoted the dollar at 277.75 for buying and 280.50 for selling.
Performance Against Major Currencies
- Euro: PKR lost 30.06 paisa, closing at 298.75 compared to the previous value of 298.45.
- British Pound: PKR became 91.73 paisa more expensive, closing at 353.51 compared to 352.6 from the previous session.
- Swiss Franc: PKR gained 5.49 paisa, closing at 311.8 compared to 311.75 from the previous session.
- Japanese Yen: PKR lost 0.2 paisa, closing at 1.7467 versus 1.7447 a day ago.
- Chinese Yuan: PKR lost 2.11 paisa, closing at 38.35 against 38.37 from the previous session.
- Saudi Riyal: PKR closed at 74.23, losing 4.06 paisa from its value of 74.27 a day ago.
- U.A.E Dirham: PKR decreased in value by 3.44 paisa, from 75.82 a day ago to 75.86.
Yearly Performance
During the current financial year, PKR has appreciated against the dollar by 7.49 rupees or 2.69%. Over the current calendar year, PKR has appreciated by 3.36 rupees or 1.21%.
Money Market Update
In the Money Market, the benchmark 6-month Karachi Interbank Bid and Offer rates inched up by 2 basis points to 19.88% and 20.13%, respectively.
