DOLLAR TO PKR: The Pakistani rupee (PKR) depreciated by 12.74 paisa against the US dollar in Monday’s interbank session, settling the trade at PKR 278.5 per USD, compared to the previous session’s closing of PKR 278.38 per USD. The currency saw an intraday high (bid) of 278.7 and a low (ask) of 278.5. USD TO PKR settled at 278.5 per USD
OPEN MARKET EXCHANGE RATES
In the open market, exchange companies quoted the dollar at 277.75 for buying and 280.23 for selling.
COMPARISON TO MAJOR CURRENCIES
In comparison to major currencies, PKR experienced varied performance:
- Euro TO PKR: PKR lost 31.89 paisa, closing at 301.76 compared to the previous value of 301.44.
- British Pound TO PKR: Increased by 1.15 rupees, closing at 356.87 compared to 355.72 from a day ago.
- Swiss Franc TO PKR: Saw gains of 1.25 rupees, closing at 311.21 compared to 309.96 from the previous session.
- Japanese Yen TO PKR: Gained 0.08 paisa, closing at 1.7307 versus 1.7315 a day ago.
- Chinese Yuan TO PKR: Gained 0.47 paisa, closing at 38.31 against 38.31 from the previous session.
- Saudi Riyal TO PKR: Closed at 74.25 with a gain of 3.59 paisa from its value of 74.21 a day ago (SAR TO PKR).
- U.A.E Dirham TO PKR: Increased in value by 3.67 paisa from 75.82 a day ago to 75.79 (AED TO PKR).
PKR PERFORMANCE DURING THE FINANCIAL YEAR
During the current financial year, PKR has depreciated against the Dollar by 16.12 paisa or 0.06%. While the current calendar year has seen PKR appreciate by 3.36 rupees or 1.21%.
MONEY MARKET RATES
In the Money Market, the benchmark 6 Month Karachi Interbank Bid and Offer rates remained unchanged at 19.84% and 20.09%.
