Karachi: The latest figures released by the Exchange Companies Association of Pakistan show minor fluctuations in the buying and selling rates of major currencies over the past two days, reflecting a relatively stable forex market.

According to Exchange Companies Association of Pakistan, the US dollar was bought for 278.17 and sold for 279.61 on October 9, 2024, experiencing a slight adjustment to 278.10 and 279.59 respectively on October 10. Similarly, the Euro was traded at 302.89 for buying and 305.66 for selling on the first day, adjusting to 302.28 and 305.10 the following day.

The British pound showed a slight decline from 361.59 buying and 365.07 selling on October 9, to 361.45 and 364.93 on October 10. The Japanese yen and the currencies of the UAE (AED) and Saudi Arabia (SR) displayed minimal changes in their rates.

The interbank rate for the US dollar, a significant indicator of the forex market’s direction, was recorded at 277.72 buying and 277.92 selling on October 9, with a minor increase to 277.79 and 277.99 on October 10.

These subtle movements in currency values are indicative of a forex market maintaining stability amid global economic dynamics. The Exchange Companies Association continues to monitor these trends to provide up-to-date information to traders and financial institutions.