The Pakistani rupee (PKR) jumped 20.91 paisa or 0.08% against the US dollar in Friday’s interbank session to PKR 278.4 per USD, marking the largest daily gain since March.
INTERBANK AND OPEN MARKET RATES
The currency saw an intraday high (bid) of 278.80 and a low (ask) of 278.60. In the open market, exchange companies quoted the dollar at 279.00 for buying and 280.50 for selling.
PKR PERFORMANCE AGAINST MAJOR CURRENCIES
In comparison to major currencies, PKR lost 84.51 paisa against the Euro, closing at 302.86 compared to the previous value of 302.01. The British Pound became expensive by 1.46 rupees, closing at 360.03 compared to 358.57 from a day ago.
SWISS FRANC AND JAPANESE YEN EXCHANGE RATES
The Swiss franc saw gains of 87.36 paisa, closing at 310.78 compared to 309.91 from the previous session. Against the Japanese Yen, PKR lost 2.45 paisa, closing at 1.7487 versus 1.7242 a day ago.
CHINESE YUAN AND SAUDI RIYAL RATES
The Chinese Yuan gained 2.9 paisa, closing at 38.35 against 38.32 from the previous session. The Saudi Riyal closed at 74.23 with a loss of 5.58 paisa from its value of 74.28 a day ago. The U.A.E Dirham decreased in value by 5.69 paisa from 75.8 a day ago to 75.85.
PKR PERFORMANCE IN CURRENT FINANCIAL YEAR
During the current financial year, PKR has depreciated against the Dollar by 5.88 paisa or 0.02%. While the current calendar year has seen PKR appreciate by 3.46 rupees or 1.24%.
MONEY MARKET UPDATE
In the Money Market, the benchmark 6 Month Karachi Interbank Bid and Offer rates inched down by 1 bps to 19.7% and 19.95%.
