KKI Forex Rates

KKI Forex Rates
Updated at: 8/2/2008 6:09:38 PM (PST)
Courtesy: KalPoint.com / Forexpk.com



Khanani & Kalia International (Pvt.) Ltd.
Pakistan's First ISO 9001 & 27001 Certified Exchange Company

Remittance
KKI'S Buying
KKI'S Selling
US Dollar TT
72.1
72.5
US Dollar DD
72.1
72.5
Currency Notes
Australian Dollar
66.7
67.1

Bahrain Dinar
189.6
189.8

Canadian Dollar
69.7
70.1

China Yuan
9.7
10

Danish Krone
14.85
14.95

Euro
112.6
113.6

Hong Kong Dollar
9.12
9.22

Indian Rupee
1.65
1.75

Japanese Yen
0.664
0.669

Kuwaiti Dinar
268.2
268.5

Malaysian Ringgit
22.4
23

NewZealand $
52.2
52.6

Norwegians Krone
13.84
13.94

Omani Riyal
186.05
186.25

Qatari Riyal
19.69
19.79

Saudi Riyal
19.12
19.22

Singapore Dollar
52.1
52.5

Swedish Korona
11.72
11.82

Swiss Franc
68.1
68.5

Thai Bhat
2.2
2.4

U.A.E Dirham
19.55
19.65

UK Pound Sterling
142.6
143.6

US Dollar
72.1
72.4


Disclaimer
The Open Market Rates offered by KalPoint.com, in collaboration with Khanani and Kalia International (Pvt.) Ltd are provided to our users as a part of our premium services free of charge. The open market rates are current and are updated through out the day so that their accuracy can be maintained. However these are only the indicative rates. Since, the money market rates keep on changing through out the day, therefore, KalPoint.com does not hold any responsibility or liability whatsoever with respect to any transactions made by the users on the basis of these rates.

Open Market Analysis
On Saturday, 2nd Aug 2008

CURRENCY MARKET REPORT FOR THE WEEK ENDING AS ON 2nd August 2008

RUPEE/US DOLLAR:Bearish trend continued to prevail in the kerb as rupee shed shine versus the US dollar in the kerb market amid demand of US currency continued to rise. The American dollar started off new week’s trading at Rs.71/65, kept showing upward trend and was trading at Rs.72/10 on Saturday at 12:33PM local time. Thus, rupee incurred a loss of 0/45 paisas versus dollar on the local desk. In the international market, the dollar rose to a one-month high against the euro as a government report showed employers in the U.S. eliminated fewer jobs last month than analysts forecast. U.S. payrolls shrank in July for a seventh straight month, decreasing by 51,000, matching the previous month's decline, the Labor Department said today in Washington.
SBP Updates: As SBP disclosed monetary policy for the period of July-December 2008 on Tuesday and has further tightened by increasing the key discount rate by 100 basis points (bps) in a bid to control the soaring inflation.
Major Headlines of the week:
 ABN AMRO renamed as RBS in Pakistan (www.thenews.com.pk)
 Special session to rescue trapped investors today (www.dawn.com)
 Inflation surges by 31.9pc (www.dawn.com)
 Forwarded premium on foreign exchange has also come down(www.brecorder.com)
 U.S. Jobless rate highest in 4 years, payrolls drop (www.reuters.com)
 GM, Toyota, Ford’s July U.S. sales tumble (www.msnbc.com)
 German retail sales fall in June (www. bbcnews.com)
RUPEE/EURO: Euro traded on a negative note versus rupee this week amid decline in its demand in the local market and weak performance in the international market. The single currency kicked off new week’s trading at Rs.113/25, continued to shed shine and was changing hands at Rs.112/30 on Saturday. Thus, rupee recovered 0/95 versus 15-nation currency in the open market. On the international desk, the 15-nation euro fell earlier today versus the dollar as German's Federal Statistics Office in Wiesbaden said retail sales, adjusted for inflation and seasonal swings, dropped 1.4 percent in June after increasing 0.5 percent in the prior month. ECB President Jean-Claude Trichet said on July 3 that he had ``no bias'' or ``pre-commitment'' after policy makers increased the main refinancing rate to 4.25 percent.
RUPEE/POUND STERLING:The cable continued to depreciate versus the national currency in the kerb this week amid demand of British Pound declined and remained weak in the international market. Pound Sterling opened new week’s trading at Rs.143/40, continued to slide and was trading at Rs.142/20 at close of markets on Saturday. Thus, rupee recovered Rs.1/20 versus Pound. On the international desks, the pound headed for its biggest weekly drop since mid- June as U.K. manufacturing shrank by the most in a decade. The pound declined as much as 0.6 percent to $1.9727, the lowest level since July 10, as an index of British manufacturing dropped in July to the weakest since December 1998. Sterling depreciated 0.8 percent versus the dollar this week.
RUPEE/YEN:The Japanese currency shed mere grounds versus rupee in the kerb dealings. Yen started off new week’s trading at 0/666 and was changing hands at 0/664 at close of markets on Saturday. Thus, rupee ended the current week on a positive note versus Japanese currency.


OPEN MARKET ANALYSIS ARE UPDATED DAILY

Courtesy : KalPoint.com / Forexpk.com