FLASHNEWS:

Currency Exchange Rates Experience Slight Fluctuations, Reveals Exchange Companies Association of Pakistan

Islamabad, In a recent update by the Exchange Companies Association of Pakistan, minor fluctuations were observed in the currency exchange rates over the course of two days. The data, which covers major currencies including the US Dollar (USD), Euro (EUR), British Pound (GBP), Japanese Yen (JPY), United Arab Emirates Dirham (AED), and Saudi Riyal (SR), showed subtle changes that could impact financial planning and foreign exchange transactions.

According to Exchange Companies Association of Pakistan, the buying and selling rates for USD were recorded at 279.64 and 282.28 respectively, while the rates for Euro were at 301.24 for buying and 304.04 for selling. The GBP, JPY, AED, and SR also saw similar marginal shifts. The Interbank rate for the same day was noted at 279.20 for buying and 279.40 for selling.

Comparatively, on February 27, 2024, there were slight adjustments in the rates. The USD buying and selling rates were adjusted to 279.45 and 282.04 respectively. The Euro saw an increase to 302.00 for buying and 304.80 for selling. The rates for GBP remained nearly constant, while the JPY, AED, and SR experienced minor variations. The Interbank rate for February 27 was slightly higher at 279.28 for buying and 279.48 for selling.

These fluctuations, although minor, are critical for businesses, investors, and individuals engaged in foreign exchange and international trade. The Exchange Companies Association of Pakistan, through its official channel ecap.pak@gmail.com, continues to provide timely and accurate information on currency exchange rates to assist in financial decision-making.