Islamabad: The latest currency exchange rates issued by the Exchange Companies Association of Pakistan indicate slight fluctuations in the major currencies over the past few days. From June 29 to July 1, 2024, the US dollar, euro, and British pound showed minor adjustments in both buying and selling rates, reflecting ongoing volatility in the global and local financial markets.
According to Exchange Companies Association of Pakistan, on June 29, the buying rate for the US dollar was recorded at 277.38 PKR, with a selling rate of 280.02 PKR. By July 1, these rates had shifted to 277.53 PKR and 280.25 PKR respectively. Similar marginal changes were observed in the rates for the euro and the British pound. The euro increased from a buying rate of 293.93 PKR to 295.60 PKR, and from a selling rate of 296.77 PKR to 298.49 PKR in the same period. The pound's buying rate adjusted from 347.12 PKR to 348.13 PKR, while its selling rate moved from 350.45 PKR to 351.59 PKR.
The rates for the Japanese yen, UAE dirham, and Saudi riyal remained relatively stable with only minimal variations noted. This steady trend contrasts with the more noticeable shifts seen in Western currencies, highlighting different dynamics affecting these markets.