In Monday’s interbank session, the Pakistani rupee (PKR) witnessed a depreciation of 18.32 paisa against the US dollar, settling at PKR 278.12 per USD. This marks a contrast from the previous session’s closing rate of PKR 277.94 per USD. Throughout the session, the currency recorded an intraday high (bid) of 278.4 and a low (ask) of 278.15.
In the open market, exchange companies quoted the dollar at 277.99 for buying and 278.24 for selling.
Comparatively, against major currencies:
- PKR gained 5.2 rupees against the Euro, closing at 296.42 compared to the previous value of 301.62.
- The British Pound became cheaper by 4.51 rupees, closing at 347.18 compared to 351.69 from a day ago.
- The Swiss franc saw losses of 2.44 rupees, closing at 304.63 compared to 307.06 from the previous session.
- Against the Japanese Yen, PKR gained 2.31 paisa, closing at 1.8066 versus 1.8297 a day ago.
- The Chinese Yuan lost 0.02 paisa, closing at 38.42 against 38.42 from the previous session.
- The Saudi Riyal closed at 74.14 with a gain of 4.29 paisa from its value of 74.1 a day ago.
- The U.A.E Dirham increased in value by 4.37 paisa from 75.73 a day ago to 75.69.
Notably, during the current financial year, PKR has appreciated against the Dollar by 7.87 rupees or 2.83%, while the current calendar year has seen PKR appreciate by 3.74 rupees or 1.34%.
In the Money Market, the benchmark 6 Month Karachi Interbank Bid and Offer rates remained unchanged at 21.48% and 21.73%.
