PAGE DATABASE

 

1- FOREX KERB WATCH

2- COT WEEKLY REVIEW

3- FINEX WEEK

 

FOREX KERB WATCH

 

 

 

Comments by OWAIS S. KALIA (Khanani & Kalia)
Updated Oct 23, 2004

 

 

 

 

 

 

COMMENTS: The rupee continued to trade under tremendous pressure against dollar this week as well and more depreciation in its value was recorded. Like last week, rupee lost significant grounds and the greenback gained 0.70 paisa thus showing its highest price in the last 23 months. Trading started on a weak note for the national currency and the trend prolonged making difficult for it to show any solid resistance.

RUPEE/US DOLLAR

This Week

Last Week

% Change

Last Year

% Change

60.575

60.175

.6648

57.525

5.3020

 


COMMENTS: Rupee continued to trade under severe stress against sterling this week too and more falls in its price were recorded. Infact, the national currency fell to all-time lows against sterling this week as the currency at one stage touched Rs. 110/- mark for the very first time in the history of currency trading in Pakistan. The currency standings were mainly affected by the continuous rise of sterling against US dollar in the international market.

 

 

RUPEE/POUND STERLING

This Week

Last Week

% Change

Last Year

% Change

110.9 107.9 2.7803 97.125 14.1827

 


COMMENTS: The strong performance of euro in the international market and rising demand of the same continued to give an edge to euro over the national currency this week as well. The dollar fell sharply against the euro on the international desks this week which stood as the major factor to support euro against rupee in the kerb dealings as well.

RUPEE/EURO

This Week

Last Week

% Change

Last Year

% Change

76.3 74.6 2.2788 67.475 10.8881

 

 

 


COMMENTS: With its strong performance against greenback in the international markets, yen was able to build pressure on rupee here in the kerb this week. The demand of currency remained within normal range and yen continued to trade at a price level of 0.544-0.560 this week showing gains of 0.016 paisa at the close of markets. Overall, the national currency sensed pressure against yen this week.

RUPEE/JAPANESE YEN

This Week

Last Week

% Change

Last Year

% Change

0.562 0.5455 3.0247 0.5245 7.1496