Karachi: The foreign exchange market in Pakistan showed minor fluctuations over the last two days, with major currencies like the USD, EURO, and GBP exhibiting slight changes in their buying and selling rates, as per the latest data provided by exchange companies.
According to Exchange Companies Association of Pakistan, on July 26, the buying rate for the US dollar was recorded at 278.50, while the selling rate was slightly higher at 279.82. The rates for the Euro were set at 300.80 for buying and 303.80 for selling. The British Pound stood at 356.68 for buying and 360.23 for selling. These rates saw minimal adjustments on the following day, July 27, maintaining a stable trend with the US dollar buying and selling rates closing at 278.50 and 279.75 respectively.
Other currencies such as the Japanese Yen, UAE Dirham, and Saudi Riyal also showed consistency in their exchange rates, with both buying and selling figures remaining unchanged over the two days. This stability reflects a calm in the forex market, despite ongoing economic pressures globally.
The data for the interbank rates was not available for July 27, highlighting a lack of reported transactions or updates from the interbank market on that day.