FLASHNEWS:

Foreign Exchange Rates Show Minor Fluctuations in Interbank and Retail Markets

Karachi: Recent data from the Exchange Companies Association of Pakistan shows a slight variation in foreign exchange rates across major currencies in the interbank and retail markets over two consecutive days.

According to Exchange Companies Association of Pakistan, on September 10, 2024, the USD was traded at an interbank rate of 278.70 buying and 278.90 selling, with minor changes observed the following day at 278.54 buying and 278.74 selling. Similar trends were noted across other major currencies including the Euro, GBP, JPY, AED, and SR, indicating a stable yet slightly fluctuating forex market in Pakistan.

The retail rates for currencies like the USD, Euro, and GBP showed slight increases from one day to the next, while the JPY, AED, and SR exhibited minor variations in their buying and selling prices. These fluctuations reflect routine market adjustments and are typical of daily forex trading activities.