FLASHNEWS:

Exchange Rate Fluctuations Noted in Pakistan’s Currency Market

Karachi: Recent data from the Exchange Companies Association of Pakistan reveals slight changes in the buying and selling rates of major currencies including the USD, EURO, and GBP among others in the local market over two consecutive days.

According to Exchange Companies Association of Pakistan, the US dollar showed a minor increase in its buying rate from 278.95 to 279.00, while the selling rate decreased slightly from 280.55 to 280.50 between July 10 and July 11, 2024. Similarly, the EURO rose in both buying and selling rates, moving from 299.34 to 300.07 and 302.17 to 302.96, respectively. The British Pound saw an increase in its buying rate from 354.24 to 356.40 and in its selling rate from 357.41 to 359.73 over the same period.

Minor adjustments were also noted in other currencies like the Japanese Yen, UAE Dirham, and Saudi Riyal, with stable rates observed in the interbank rates, showing an incremental rise. These changes reflect ongoing adjustments in the global currency exchange market and are crucial for international trade and economics.