PAGE DATABASE

 

1- FOREX KERB WATCH

2- COT WEEKLY REVIEW

3- FINEX WEEK

 

FOREX KERB WATCH

 

 

 

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated November  20, 2003

 

 

 

 

 

COMMENTS: The Rupee gained 0.05 paisa against the US Dollar this week. There was no major buying or selling in the market while the record lows of the currency against Euro and Pound in the international market also hurt the Greenback here in the kerb as well. Overall the market was slow and thus the national currency ended the week on a positive note in the kerb.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

57.425

57.425

00.00

58.30

-1.5008

 


COMMENTS:The Rupee lost against the Sterling this week too and continuos down trend in the value of the national currency was seen throughout. The Rupee lost Rs.1.05 this week amid continuos rise in the international price of the currency. The demand also increased this week as the customers showed their interest in the currency for profit taking in the short term. Overall, the Rupee lost grounds and ended the week showing a negative note against the Sterling.

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

101.20 100.20 .9980 93.10 8.7003

 


 

 

COMMENTS: The Rupee continue to trade under tremendous pressure and fell to record lows against Euro this week too. Euro marched towards more record highs and crossed Rs.71/- barrier for the first time in the history of Pakistan's currency trading. Euro gained Rs.0.40 and never gave a chance to the national currency to come up. The trading between Euro and Rupee was mostly influenced by the international market trend. On the other hand, the customers switched from Dollars to Euro amid its record hike at the national and international levels.

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

71.00 70.30 .9957 59.65 19.0276

 


COMMENTS: Yen remained firm and mild changes in its price were recorded which were the effects of its price changes in the international market against the US Dollar. The Rupee was mostly firm and showed gains especially towards the week end and therefore ended the week on a firm note.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.530 0.530 0.00 0.480 10.4166