The Pakistani Rupee (PKR) appreciated by 9.62 paisa or 0.03% against the US Dollar in Tuesday’s interbank session, closing at PKR 278.32 per USD compared to the previous closing of 278.42. Throughout the trading day, the currency fluctuated within an intraday range, reaching a high (bid) of 278.40 and a low (ask) of 278.20.
OPEN MARKET RATES
In the open market, exchange companies quoted the US Dollar at 279.12 for buying and 280.00 for selling.
PKR’S PERFORMANCE AGAINST OTHER MAJOR CURRENCIES
- The Euro: PKR gained 37.19 paisa, closing at 310.87, down from 311.24.
- The British Pound: Increased by 23.5 paisa, closing at 367.59 compared to 367.36.
- The Swiss Franc: Decreased by 46.25 paisa, closing at 328.34 compared to 328.81.
- The Japanese Yen: PKR gained 1.46 paisa, closing at 1.9197 versus 1.9343.
- The Chinese Yuan: Lost 6.78 paisa, closing at 39.03 compared to 39.1.
- The Saudi Riyal: Closed at 74.18, losing 2.56 paisa from its previous value of 74.20.
- The U.A.E Dirham: Decreased by 2.62 paisa, from 75.78 to 75.80.
ANNUAL PERFORMANCE OVERVIEW
During the current financial year, the PKR has appreciated against the US Dollar by 2.01 paisa or 0.01%. For the current calendar year, the PKR has seen an appreciation of 3.54 rupees or 1.27%.
MONEY MARKET UPDATE
In the Money Market, the benchmark 6-Month Karachi Interbank Bid and Offer rates (KIBOR) edged up by 1 basis point, with the bid rate at 17.62% and the offer rate at 17.87%.
