FLASHNEWS:

Exchange Rates Remain Steady, with Minor Fluctuations

Islamabad, The latest currency exchange rates from the Exchange Companies Association of Pakistan show a minor fluctuation in major currencies over the last two days. The data, which covers buying and selling prices for the USD, Euro, GBP, JPY, AED, and SR, along with the interbank rates, suggests a stable currency market with slight adjustments.

According to Exchange Companies Association of Pakistan, the US Dollar (USD) remained steady in its buying price at 278.06 but saw a slight decrease in the selling price from 280.67 to 280.60. The Euro saw a small drop in both buying and selling prices, from 299.70 to 299.27 and 302.61 to 302.20 respectively. The British Pound (GBP) also experienced a minor decline from 349.58 to 349.10 in buying price and 352.90 to 352.32 in selling price. The Japanese Yen (JPY), UAE Dirham (AED), and Saudi Riyal (SR) showed minimal changes in their exchange rates.

The interbank rate for transactions also saw a slight decrease from 278.13 to 278.04 in buying and 278.33 to 278.24 in selling. These adjustments are part of the normal ebb and flow of the foreign exchange market, reflecting minor changes in supply and demand, economic indicators, and global financial news.

This information is critical for businesses, investors, and individuals involved in international transactions or monitoring the foreign exchange market for investment and remittance purposes. The stable rates indicate a balanced demand and supply in the market, suggesting no immediate economic pressures on Pakistan's currency exchange environment.