The Pakistani Rupee (PKR) depreciated by 11.42 paisa or 0.04% against the US dollar during Thursday’s interbank session, closing at PKR 277.84 per USD, compared to the previous day’s closing of 277.73. The currency fluctuated throughout the day, recording an intraday high (bid) of 277.90 and a low (ask) of 277.80.
Performance Against Major Currencies
The PKR also experienced depreciation against other major currencies:
• Euro: PKR dropped by 62.32 paisa or 0.21%, closing at 300.08 compared to 299.46 in the prior session.
• British Pound: The local currency fell by 32.86 paisa or 0.09% to settle at 360.40 from 360.07.
• Swiss Franc: PKR weakened by 72.29 paisa or 0.23%, closing at 320.78 against the franc.
• Japanese Yen: A slight depreciation of 0.27 paisa or 0.15% was recorded, with PKR closing at 1.8256 versus 1.8229.
• Chinese Yuan: PKR slipped by 9.30 paisa or 0.24%, closing at 39.07 compared to 38.98.
• Saudi Riyal: The currency saw a minor dip of 2.25 paisa or 0.03%, closing at 73.98.
• U.A.E Dirham: PKR weakened by 3.11 paisa or 0.04%, closing at 75.64.
Year-to-Date Performance
Despite today’s depreciation, PKR has strengthened against the US dollar by 49.89 paisa or 0.18% during the current fiscal year. Additionally, the currency has gained 4.02 rupees or 1.45% so far this calendar year, showcasing an overall positive trend against the greenback.
Conclusion
The PKR’s performance against major global currencies reflects ongoing economic adjustments. Investors are advised to keep an eye on global market trends, as the rupee’s value continues to be influenced by international developments and local economic policies.
