Tag: Euro to PKR

  • Exchange rates: PKR gains 10 paisa against US dollar, Rs2.35 versus Swiss Franc

    Exchange rates: PKR gains 10 paisa against US dollar, Rs2.35 versus Swiss Franc

    The Pakistani rupee (PKR) continued its trend of minimal fluctuations, appreciating by 10.44 paisa or 0.04 per cent against the US dollar (USD) during Friday’s interbank session.

    The PKR closed at 278.54 per USD, up from the previous close of 278.64 on Thursday.

    Interbank closing rate for August 30, 2024

    In the open market, exchange companies quoted the dollar at 279.15 for buying and 280 for selling. Throughout the day, the currency reached an intraday high (bid) of 279 and a low (ask) of 278.90.

    Over the week, the PKR recorded a total loss of 4 paisa against the greenback.

    Here’s how Pakistani currency performed on last trading day of the week against other currecnies:

    Currency Friday’s value Change Thursday’s value
    Saudi Riyal 74.23 -2.78 paisa 74.26
    UAE Dirham 75.86 +2.85 paisa 75.84
    Euro 308.8 -79.84 paisa 309.6
    Swiss Franc 328.41 -2.35 rupees 330.75
    British Pound 367.35 -72.28 paisa 368.07
    Japanese Yen 1.921 -0.5 paisa 1.926
    Chinese Yuan 39.29 +9.14 paisa 39.2
    Exchange rates for Friday

    Against major currencies, the Saudi Riyal closed at 74.23, losing 2.78 paisa from the previous day’s value of 74.26. The UAE Dirham decreased by 2.85 paisa, closing at 75.86, down from 75.84.

    Meanwhile, the PKR gained 79.84 paisa against the Euro, closing at 308.8 compared to the previous value of 309.6. The Swiss Franc dropped by 2.35 rupees, ending the session at 328.41, down from 330.75.

    The British Pound became cheaper by 72.28 paisa, closing at 367.35 compared to 368.07 the day before. Against the Japanese Yen, the PKR gained 0.5 paisa, closing at 1.921 versus 1.926 the previous day. The Chinese Yuan saw an increase of 9.14 paisa, closing at 39.29 compared to 39.2 in the previous session.

    In recent months, the domestic currency has remained in the range of 277-279, with traders closely monitoring the approval of a new $7-billion Extended Fund Facility by the International Monetary Fund’s (IMF) Executive Board.

    During the current financial year, the PKR has depreciated against the dollar by 19.67 paisa or 0.07 per cent. However, the currency has appreciated by 3.32 rupees or 1.19 per cent in the current calendar year.

  • Exchange rates for Tuesday: PKR gains 9.6 paisa against US dollar, 37 paisa against Euro

    Exchange rates for Tuesday: PKR gains 9.6 paisa against US dollar, 37 paisa against Euro

    The Pakistani rupee (PKR) appreciated by 9.62 paisa, or 0.03 per cent, against the US dollar during Tuesday’s interbank session, closing at PKR 278.32 per USD, compared to the previous rate of PKR 278.42.

    Throughout the session, the currency fluctuated, with an intraday high of PKR 278.40 and a low of PKR 278.20. In the open market, exchange companies quoted the dollar at PKR 279.12 for buying and PKR 280.00 for selling.

    Currency Change (Paisa) Closing rate (PKR) Previous rate (PKR)
    Euro +37.19 310.87 311.24
    British Pound +23.5 367.59 367.36
    Swiss Franc -46.25 328.34 328.81
    Japanese Yen +1.46 1.9197 1.9343
    Chinese Yuan -6.78 39.03 39.10
    Saudi Riyal -2.56 74.18 74.20
    UAE Dirham -2.62 75.80 75.78
    Exchange rates

    In relation to other major currencies, the PKR gained 37.19 paisa against the Euro, closing at PKR 310.87, up from the previous value of PKR 311.24.

    The Saudi Riyal closed at PKR 74.18, down by 2.56 paisa from its previous value of PKR 74.20. Similarly, the U.A.E Dirham decreased by 2.62 paisa, closing at PKR 75.80 from PKR 75.78 a day earlier.

    The British Pound became slightly more expensive, rising by 23.5 paisa to close at PKR 367.59, compared to the previous close of PKR 367.36. The Swiss Franc saw a loss of 46.25 paisa, closing at PKR 328.34, down from PKR 328.81.

    Read more: Exchange rates for Tuesday: PKR gains 9.6 paisa against US dollar, 37 paisa against Euro

    Against the Japanese Yen, the PKR gained 1.46 paisa, closing at PKR 1.9197, compared to PKR 1.9343 the previous day. The Chinese Yuan lost 6.78 paisa, closing at PKR 39.03, down from PKR 39.10 in the previous session.

    During the current financial year, the PKR has appreciated by 2.01 paisa, or 0.01 per cent, against the US dollar. Meanwhile, in the current calendar year, the PKR has strengthened by PKR 3.54, or 1.27 per cent.

  • Exchange rates for today: PKR declines 0.05% against US dollar

    Exchange rates for today: PKR declines 0.05% against US dollar

    The Pakistani rupee (PKR) experienced a slight decline against the US dollar on Thursday, depreciating by 0.05 per cent in the inter-bank market.

    The currency closed at Rs278.67, marking a decrease of Rs0.15 from the previous day’s rate of Rs278.52, according to the State Bank of Pakistan (SBP).

    In comparison with other major currencies, the rupee faced mixed outcomes today:

    Currency Previous rate Today’s rate Change (PKR)
    Euro 309.59 310.65 1.05
    British Pound 362.60 365.10 2.50
    Swiss Franc 325.44 328.04 2.60
    South Korean Won — 0.21 —
    Japanese Yen 1.9063 1.9165 1.02 paisa
    Chinese Yuan 39.03 39.06 3.1 paisa
    Saudi Riyal 74.23 74.27 3.87 paisa
    UAE Dirham 75.87 75.83 4.06 paisa
    PKR vs other currencies

    Euro to PKR: The rupee lost Rs1.05, closing at Rs310.65, compared to the previous rate of Rs309.59.

    British Pound to PKR: The rupee depreciated by Rs2.50, ending the day at Rs365.10, up from Rs362.60.

    Swiss Franc to PKR: The rupee fell by Rs2.60, closing at Rs328.04, compared to Rs325.44 from the previous session.

    Won to PKR: The Pakistani rupee was reportedly trading at Rs0.21 paisa against Won

    Japanese Yen to PKR: The rupee saw a slight decline of 1.02 paisa, closing at Rs1.9165 versus Rs1.9063.

    Chinese Yuan to PKR: The rupee gained 3.1 paisa, closing at Rs39.06, up from Rs39.03.

    Saudi Riyal to PKR: The rupee increased by 3.87 paisa, closing at Rs74.27, compared to Rs74.23.

    UAE Dirham to PKR: The rupee appreciated by 4.06 paisa, closing at Rs75.83, up from Rs75.87.

    Over the current financial year, the rupee has depreciated by 32.82 paisa or 0.12 per cent against the US dollar, while it has appreciated by Rs3.19 or 1.15 per cent since the beginning of the calendar year.

    In the money market, the benchmark 6-month Karachi Interbank Bid and Offer rates fell by 63 basis points to 17.69 per cent and 17.94 per cent, respectively.

    The domestic currency has remained relatively stable in recent months, hovering around the Rs277-279 range against the dollar, as traders monitor positive economic indicators and await the approval of a new $7 billion Extended Fund Facility from the International Monetary Fund (IMF).

    On Wednesday, Pakistan’s Finance Minister, Muhammad Aurangzeb, stated that the IMF Executive Board meeting on Pakistan is scheduled for September, noting that “good progress” is being made with the IMF.

    It is worth noting that this is the third consecutive decline witnessed in the ongoing week.

    Additionally, regarding the Pakistani currency, the central bank plans to introduce newly designed currency notes across all denominations next year to enhance security features, according to SBP Governor Jameel Ahmad.

    Speaking to a parliamentary body in Islamabad on Wednesday, Ahmad stated that the central bank aims to finalise the new designs by December, with the notes to be issued in phases. Notably, one of the denominations will be a polymer note, he added.