Tag: Dollar to rupee

  • Exchange rates for today: PKR gains 8.05 paisa against US dollar, Rs1.14 versus Swiss Franc

    Exchange rates for today: PKR gains 8.05 paisa against US dollar, Rs1.14 versus Swiss Franc

    The Pakistani rupee (PKR) got stronger by 8.05 paisa, or 0.03 per cent, against the US dollar (USD) on Tuesday. The local unit finished the day at PKR 278.62 per USD, a little better than Monday’s closing rate of 278.7.

    During the day, the highest rate for the rupee was 278.80, and the lowest was 278.65. In the open market, exchange companies were selling the dollar at 281.03 and buying it for 279.46.

    Recently, the rupee has mostly stayed between 277 and 279 against the US dollar. Traders are paying attention to good news, including the International Monetary Fund (IMF) approving a new $7-billion Extended Fund Facility (EFF).

    Worldwide, the US dollar stayed steady on Tuesday. The Japanese yen moved slightly down from a one-month high as investors waited for US inflation data and reconsidered the chances of a big interest rate cut by the Federal Reserve next week.

    Comparing the rupee with other major currencies:

    Currency Monday’s rate Tuesday’s rate Value change
    Swiss Franc (CHF) 329.37 328.23 1.14 PKR
    British Pound (GBP) 365.22 364.75 46.77 Paisa
    Saudi Riyal (SAR) 74.26 74.27 1.22 Paisa
    UAE Dirham (AED) 75.86 75.88 2.19 Paisa
    Japanese Yen (JPY) 1.9475 1.9395 0.8 Paisa
    Euro (EUR) 308.21 307.51 70.2 Paisa
    Chinese Yuan (CNY) 39.19 39.13 5.95 Paisa
    Exchange rates for September 10, 2024

    The Swiss franc dropped by 1.14 rupees, closing at 328.23, down from 329.37 the day before.

    The British pound got cheaper by 46.77 paisa, ending at 364.75 compared to 365.22 the previous day.

    The Saudi riyal closed at 74.27, gaining 1.22 paisa from 74.26.

    The UAE dirham became slightly more expensive, increasing by 2.19 paisa to close at 75.88 from 75.86.

    Against the Japanese yen, the PKR gained 0.8 paisa, closing at 1.9395 versus 1.9475 the day before.

    The PKR improved by 70.2 paisa against the euro, finishing at 307.51, compared to 308.21 previously.

    The Chinese yuan lost 5.95 paisa, closing at 39.13 compared to 39.19.

    Since the start of this financial year, the rupee has weakened by 27.83 paisa, or 0.1 per cent, against the dollar. However, it has strengthened by 3.24 rupees, or 1.16 per cent, so far this calendar year.

  • Exchange rates for today: PKR closes over 13 paisa lower against US dollar

    Exchange rates for today: PKR closes over 13 paisa lower against US dollar

    The Pakistani rupee (PKR) dropped by 13.38 paisa, or 0.05 per cent, against the US dollar in the interbank market on Monday, ending the day at PKR 278.70, according to the State Bank of Pakistan (SBP).

    During the session, the highest bid for Pakistani currency was 278.90, while the lowest ask was 278.70.

    In the open market, exchange companies quoted the greenback at 279.10 for buying and 280.94 for selling.

    Since the start of the financial year, the PKR has depreciated by 35.88 paisa or 0.13 per cent against the US dollar, while in the current calendar year, it has appreciated by 3.16 rupees, or 1.13 per cent.

    Currency Previous rate Today’s rate Change
    US Dollar PKR 278.57 PKR 278.70 13.38 paisa
    British Pound PKR 367.19 PKR 365.22 1.97 PKR
    Euro PKR 309.58 PKR 308.21 1.37 PKR
    Chinese Yuan PKR 39.32 PKR 39.19 12.96 Paisa
    Saudi Riyal PKR 74.21 PKR 74.26 4.75 Paisa
    Swiss Franc PKR 330.82 PKR 329.37 1.44 PKR
    UAE Dirham PKR 75.88 PKR 75.84 3.64 Paisa
    Japanese Yen PKR 1.9549 PKR 1.9475 0.74 Paisa
    Exchange rates

    The British Pound on Monday became cheaper, falling by 1.97 rupees to close at 365.22, down from 367.19 the previous day. The PKR strengthened by 1.37 rupees against the Euro, ending at 308.21 compared to the earlier value of 309.58.

    The Chinese Yuan lost 12.96 paisa, closing at 39.19 compared to 39.32 from the last session. The Saudi Riyal gained 4.75 paisa, finishing at 74.26, up from 74.21 the day before.

    The Swiss Franc declined by 1.44 rupees, closing at 329.37, down from 330.82. The UAE Dirham increased by 3.64 paisa, rising to 75.84 from 75.88.

    Against the Japanese Yen, the PKR gained 0.74 paisa, closing at 1.9475 compared to 1.9549 the previous day.

  • Pakistani rupee closes week strong at Rs282.53 against US dollar

    Pakistani rupee closes week strong at Rs282.53 against US dollar

    In a trend marking its ninth consecutive session, the Pakistani rupee (PKR) demonstrated resilience against the US dollar (USD) by registering a 0.09 per cent appreciation in the inter-bank market on Friday.

    Closing the week at Rs282.53, the currency saw an increase of Rs0.26, according to the State Bank of Pakistan (SBP).

    This positive momentum follows a marginal gain on Thursday, settling at Rs282.79 against the US dollar.

    Simultaneously, the foreign exchange reserves held by the State Bank of Pakistan experienced a decline, falling below the $7 billion mark.

    A notable decrease of $136 million, attributed to debt repayments during the week ending December 15, 2023, brought the reserves to $6.904 billion.

    On the international front, the US dollar found itself near a more than four-month low on Friday, anticipating a key US inflation gauge reading scheduled for later in the day.

    This data is expected to provide clarity on the Federal Reserve’s room to manoeuvre in terms of interest rate cuts in the coming year.

    Early Asia trade witnessed the greenback hitting a five-month trough against the New Zealand dollar and a three-week low against the euro.

    This decline resumed after a sudden risk-aversion episode in New York hours on Wednesday triggered a sell-off in US stocks, leading to a rise in the dollar.

    Against a basket of currencies, the greenback hovered around 101.76, remaining close to the previous session’s more than four-month low of 101.72.

     The dollar index seemed poised for a weekly loss of about 0.8 per cent, extending the previous week’s 1.3 per cent decline.

    The Federal Reserve’s decision to leave the door open to potential rate cuts in the next year, as indicated in its last policy meeting for 2023, contributed to the ongoing downward pressure on the US dollar.

    This market movement has implications for various currency pairs, including the Pakistani rupee to US dollar exchange rate, which continues to be of interest to investors tracking global economic trends.