The Pakistani rupee (PKR) (USD TO PKR) depreciated by 10.72 paisa against the US dollar in Tuesday’s interbank session, closing at PKR 278.41 per USD compared to the previous session’s PKR 278.3 per USD. The currency experienced an intraday high (bid) of 278.65 and a low (ask) of 278.40.
OPEN MARKET EXCHANGE RATES
In the open market, exchange companies quoted the dollar at 278.50 for buying and 280.00 for selling.
PKR PERFORMANCE AGAINST OTHER MAJOR CURRENCIES
- Euro: PKR gained 21.75 paisa, closing at 302.8 compared to the previous 303.01.
- British Pound: The exchange rate remained largely unchanged at 359.63.
- Swiss Franc: PKR saw a loss of 53.14 paisa, closing at 312.9 versus 313.44 previously.
- Japanese Yen: PKR depreciated by 1.01 paisa, ending at 1.7857 compared to 1.7756 a day ago.
- Chinese Yuan: PKR appreciated by 1.27 paisa, closing at 38.27 from the previous 38.26.
- Saudi Riyal: The currency gained 2.66 paisa, closing at 74.22 compared to 74.2.
- U.A.E Dirham: PKR increased by 3.02 paisa, from 75.8 to 75.77.
ANNUAL AND CALENDAR YEAR PERFORMANCE
During the current financial year, PKR has depreciated against the Dollar by 6.6 paisa or 0.02%. Conversely, the calendar year has seen PKR appreciate by 3.45 rupees or 1.24%.
MONEY MARKET UPDATES
In the Money Market, the benchmark 6-month Karachi Interbank Bid and Offer rates edged down by 4 basis points to 19.59% and 19.84%, respectively.
