Karachi: In a recent update, the State Bank of Pakistan has released the exchange rates for the mark to market revaluation by authorized dealers in foreign exchange. The announcement outlines the rates for several major currencies, including the U.S. dollar, euro, and British pound sterling, for ready, one-month, and one-year terms.

According to a statement by State Bank of Pakistan, the exchange rate for the U.S. dollar has been set at 279.2568 for ready transactions, with a one-month rate of 280.6250 and a one-year rate of 291.8772. The euro is listed at 289.7150 for ready exchange, 291.5122 for one month, and 309.3967 for one year.

The British pound sterling is valued at 347.9121 for ready transactions, 349.5917 for a one-month period, and 364.0405 for one year. Meanwhile, the rate for the United Arab Emirates dirham stands at 76.0286 for ready, 76.4104 for one month, and 79.5397 for one year.

The Saudi riyal is quoted at 74.4605 for ready exchange, 74.7725 for one month, and 77.5176 for one year. The Kuwaiti dinar shows a ready rate of 904.1827, a one-month rate of 909.7763, and a one-year rate of 957.3846.

Moreover, the Bahraini dinar rates are set at 740.8325 for ready, 743.9688 for one month, and 770.6328 for one year. The Qatari riyal stands at 76.5969 for ready transactions, 76.9814 for one month, and 79.9480 for a one-year term.

These rates are instrumental for financial institutions and businesses engaging in foreign exchange transactions, providing a benchmark for currency valuation and financial planning.