FLASHNEWS:

Pakistan’s Exchange Rates Show Stability Amid Global Fluctuations


KARACHI: The State Bank of Pakistan has released its latest weighted average customer exchange rates, providing a snapshot of the current buying and selling rates for various international currencies against the Pakistani Rupee. According to the data from the Domestic Markets and Monetary Management Department, the United States Dollar (USD) is being bought at 283.5528 PKR and sold at 283.9847 PKR, indicating a stable position in comparison to previous fluctuations.



The European Euro (EUR) shows a buying rate of 326.1101 PKR and a selling rate of 326.6219 PKR. The British Pound (GBP) stands at 380.6809 PKR for buying and 381.2650 PKR for selling, reflecting its continued strength in the foreign exchange market.



Other notable currencies include the Australian Dollar (AUD), which is being bought at 181.7732 PKR and sold at 182.0502 PKR. The Canadian Dollar (CAD) follows closely, with buying and selling rates at 206.0546 PKR and 206.3673 PKR, respectively.



In the Middle Eastern currency segment, the United Arab Emirates Dirham (AED) and the Saudi Riyal (SAR) are being bought at 77.2111 PKR and 75.5721 PKR, respectively, while their selling rates are slightly higher at 77.3222 PKR and 75.6834 PKR.



Asian currencies like the Chinese Yuan (CNY) and the Japanese Yen (JPY) show buying rates of 39.4609 PKR and 1.9275 PKR, respectively, with minimal differences in their selling rates.



This data release serves as a critical tool for financial analysts and businesses engaging in international trade, offering insights into the current market dynamics. The State Bank of Pakistan continues to monitor these rates closely to ensure economic stability amidst global economic challenges.