PKR rebounds, inches higher against USD

June 13, 2024 (MLN): The Pakistani rupee (PKR) appreciated by 1.64 paisa against the US dollar in Thursday's interbank session as the currency settled the trade at PKR 278.59 per USD, compared to the previous session's closing of PKR 278.61 per USD.
The currency saw an intraday high (bid) of 278.85 and a low (ask) of 278.65.
In the open market, exchange companies quoted the dollar at 277.48 for buying and 280.12 for selling.
The domestic currency saw an upward momentum against the USD today following the announcement of budget  2024-25 yesterday.
The budget would lay the foundation for a larger and extended program with the International Monetary Fund (IMF), which the country is seeking to achieve economic stability.

In comparison to major currencies, PKR lost 1.89 rupees against the Euro, closing at 301.28 compared to the previous value of 299.39.
The British Pound became expensive by 98.2 paisa closing at 356.26 compared to 355.28 from a day ago.
The Swiss franc saw gains of 62.36 paisa, closing at 311.26 compared to 310.63 from the previous session.
Against the Japanese Yen, PKR gained 0.03 paisa, closing at 1.7713 versus 1.7716 a day ago.
The Chinese Yuan gained 0.78 paisa, closing at 38.42 against 38.41 from the previous session.
The Saudi Riyal closed at 74.27 with a loss of 1.43 paisa from its value of 74.28 a day ago.
The U.A.E Dirham decreased in value by 0.55 paisa from 75.85 a day ago to 75.85.
During the current financial year, PKR has appreciated against the Dollar by 7.4 rupees or 2.66%. While the current calendar year has seen PKR appreciate by 3.27 rupees or 1.17%.
In the Money Market, the benchmark 6 Month Karachi Interbank Bid and Offer rates inched down by 4 bps to 19.82% and 20.07%.

Performance Summary




Currency
Jun 13, 2024
Jun 12, 2024
Change
1 Month
FYTD
CYTD
1 Day
7 Day
1 Month
MTD
FYTD
CYTD




USD
278.5919
278.6083
0.0164
-0.4077
7.3986
3.2688
0.01%
-0.07%
-0.15%
-0.1%
2.66%
1.17%


EUR
301.2832
299.3925
-1.8907
-1.345
11.6476
10.2151
-0.63%
0.48%
-0.45%
-0.02%
3.87%
3.39%


GBP
356.2633
355.2813
-0.982
-7.7124
7.874
2.3339
-0.28%
-0.11%
-2.16%
-0.74%
2.21%
0.66%


CHF
311.2584
310.6348
-0.6236
-5.023
8.4984
23.8114
-0.2%
0.21%
-1.61%
-1.18%
2.73%
7.65%


JPY
1.7713
1.7716
0.0003
0.0064
0.221
0.2182
0.02%
0.52%
0.36%
-0.01%
12.48%
12.32%


SAR
74.2654
74.2797
0.0143
-0.0909
1.9886
0.8974
0.02%
-0.05%
-0.12%
-0.08%
2.68%
1.21%


AED
75.8476
75.8531
0.0055
-0.11
2.0142
0.8951
0.01%
-0.07%
-0.15%
-0.1%
2.66%
1.18%


CNY
38.4167
38.4089
-0.0078
0.0219
1.253
1.2147
-0.02%
-0.01%
0.06%
0.04%
3.26%
3.16%




52 Week Performance




Currency
High
Low
Trading Band
% Since High
% Since Low
High Date
Low Date
Days Since High
Days Since Low




USD
275.438
307.1
31.6619
-1.13%
10.23%
04-Jul-23
05-Sep-23
345
282


EUR
291.618
332.701
41.083
-3.21%
10.43%
16-Oct-23
31-Aug-23
241
287


GBP
337.032
387.972
50.9401
-5.4%
8.9%
16-Oct-23
31-Aug-23
241
287


CHF
306.458
347.163
40.7049
-1.54%
11.54%
13-Oct-23
31-Aug-23
244
287


JPY
1.851
2.1004
0.2494
4.5%
18.58%
16-Oct-23
01-Sep-23
241
286


SAR
73.4412
81.8703
8.4291
-1.11%
10.24%
04-Jul-23
05-Sep-23
345
282


AED
74.9888
83.6089
8.6201
-1.13%
10.23%
04-Jul-23
05-Sep-23
345
282


CNY
37.8634
42.0637
4.2003
-1.44%
9.49%
16-Oct-23
01-Sep-23
241
286




Copyright  Mettis Link News
Posted on: 2024-06-13T16:21:35+05:00
The post PKR rebounds, inches higher against USD appeared first on Mettis Global Link .