Tag: One usd to pkr

  • 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.

  • PKR’s winning streak continues with uninterrupted gains against US dollar

    PKR’s winning streak continues with uninterrupted gains against US dollar

    The Pakistani rupee (PKR) demonstrated consecutive gains against the US dollar, appreciating by 0.04 per cent in the inter-bank market on Thursday, closing at Rs279.98, marking a gain of Re0.12 against the greenback, as reported by the State Bank of Pakistan (SBP).

    This follows a gain on Wednesday, when the rupee settled at Rs280.1 against the US dollar.

    Wednesday witnessed several positive economic developments on the local front.

    The United Arab Emirates (UAE) extended the rollover of its $2 billion deposits with Pakistan for an additional year, providing crucial support to the country’s foreign exchange reserves.

    Concurrently, the International Monetary Fund (IMF) disbursed a $705 million loan tranche to Pakistan, as confirmed by the SBP.

    In response to Pakistan’s request last week, the UAE’s commitment to rollover the $2 billion in deposits aims to prevent a depletion in the country’s foreign exchange reserves.