On Monday, the Pakistani rupee (PKR) appreciated by 3.7 paisa, or 0.01%, against the US dollar, settling at PKR 278.13 per USD. This is an improvement from the previous closing of PKR 278.16. Throughout the day, the currency experienced an intraday high (bid) of 278.29 and a low (ask) of 278.20.
OPEN MARKET EXCHANGE RATES
In the open market, exchange companies quoted the US dollar at PKR 279.54 for buying and PKR 280.75 for selling.
MOVEMENT AGAINST MAJOR CURRENCIES
- Euro: The PKR lost 76.55 paisa, closing at 309.29 compared to 308.53 previously.
- British Pound: The PKR depreciated by 81.36 paisa, ending at 366.59 compared to 365.77.
- Swiss Franc: The PKR saw a gain of 1.51 rupees, closing at 329.44 compared to 327.93.
- Japanese Yen: The PKR lost 0.95 paisa, closing at 1.988 versus 1.9785 a day earlier.
- Chinese Yuan: The PKR remained stable at 39.21.
- Saudi Riyal: The PKR closed at 74.11, with a loss of 1.18 paisa from 74.12.
- U.A.E Dirham: The PKR decreased by 0.8 paisa, closing at 75.73 from 75.72.
YEARLY PERFORMANCE
So far in the current financial year, the PKR has appreciated against the US dollar by 21.42 paisa, or 0.08%. The current calendar year has seen the PKR gain 3.73 rupees, or 1.34%, against the dollar.
MONEY MARKET UPDATE
In the Money Market, the benchmark 6-month Karachi Interbank Bid and Offer rates decreased slightly by 3 basis points, settling at 16.82% and 17.07%, respectively.
