FLASHNEWS:

Pakistani Currency Remains Stable in Forex Markets Over Two Days

Karachi: The Pakistani Rupee showed minimal fluctuations against major currencies in the foreign exchange markets on July 30 and 31, 2024, as detailed by the latest figures from the Exchange Companies Association of Pakistan.

According to Exchange Companies Association of Pakistan, on July 30, the US Dollar was bought and sold at PKR 279.00 and PKR 280.60 respectively, while the Euro traded at PKR 299.90 and PKR 302.82. The British Pound was exchanged at PKR 356.36 and PKR 359.86, and the Japanese Yen rates were PKR 1.77 and PKR 1.82. The UAE Dirham and Saudi Riyal were also closely monitored, trading at PKR 75.65 and PKR 76.40 for AED, and PKR 73.90 and PKR 74.61 for SR, respectively.

The following day, slight changes were observed: the US Dollar adjusted to PKR 279.27 and PKR 280.50, the Euro to PKR 300.35 and PKR 302.79, and the British Pound to PKR 356.89 and PKR 359.37. The Japanese Yen increased slightly to PKR 1.81 and PKR 1.85. Meanwhile, the rates for the UAE Dirham shifted to PKR 75.77 and PKR 76.35, and the Saudi Riyal to PKR 74.01 and PKR 74.60. The interbank rates also saw minimal variation, closing at PKR 278.74 and PKR 278.94.