In Tuesday’s interbank session, the Pakistani rupee (PKR) experienced a slight depreciation of 4.36 paisa against the US dollar, settling at PKR 278.38 per USD. This movement marked a marginal shift from the previous session’s closing rate of PKR 278.33 per USD.
Throughout the trading day, the currency exhibited an intraday high (bid) of 278.5 and a low (ask) of 278.3.
In the open market, exchange companies quoted the dollar at 277.16 for buying and 279.80 for selling, reflecting a dynamic trading environment.
Comparatively, against other major currencies, the PKR experienced varied movements:
- Euro: PKR lost 53.36 paisa, closing at 297.17 compared to the previous value of 296.63.
- British Pound: Depreciated by 28.01 paisa, closing at 343.99 compared to 344.27 from the previous day.
- Swiss Franc: Saw losses of 17.03 paisa, closing at 305.55 compared to 305.72 in the previous session.
- Japanese Yen: PKR gained 0.17 paisa, closing at 1.7979 versus 1.7996 a day ago.
- Chinese Yuan: Lost 0.99 paisa, closing at 38.41 against 38.42 from the previous session.
- Saudi Riyal: Closed at 74.22 with a gain of 0.96 paisa from its value of 74.21 a day ago.
- U.A.E Dirham: Increased in value by 0.98 paisa from 75.8 a day ago to 75.79.
In the broader financial perspective, during the current financial year, PKR has appreciated against the Dollar by 7.62 rupees or 2.74%. Similarly, the current calendar year has seen PKR appreciate by 3.49 rupees or 1.25%.
