Islamabad: Recent data released by the Exchange Companies Association of Pakistan reveals slight fluctuations in the exchange rates for major currencies, including the US Dollar, Euro, and British Pound, against the Pakistani Rupee. Over the course of two days, changes in buying and selling rates were minimal, indicating a relatively stable foreign exchange market.

According to Exchange Companies Association of Pakistan, on July 12, the buying rate for the US Dollar was 279.05, with a selling rate of 280.50. The Euro was bought at 301.40 and sold at 304.29, while the British Pound had a buying rate of 358.50 and a selling rate of 361.87. Other currencies such as the Japanese Yen, UAE Dirham, and Saudi Riyal also showed modest variations.

The following day, slight alterations were noted. The US Dollar maintained a stable selling rate but saw a minor drop in the buying rate to 279.00. The Euro and Pound both increased slightly in both buying and selling rates, and similar trends were observed for the Yen, Dirham, and Riyal. Notably, the interbank rates for the US Dollar remained unchanged over the two days.

These fluctuations reflect ongoing adjustments in the local currency market, likely influenced by external economic factors and domestic financial policies. The stability of these rates over the short term suggests a cautious approach by traders and financial institutions in response to global economic cues.