Karachi: Recent data from the Exchange Companies Association of Pakistan shows minor fluctuations in the buying and selling rates of major currencies including the USD, EURO, GBP, JPY, AED, and SR, indicating a period of stability in the forex market as of the end of September 2024.

According to Exchange Companies Association of Pakistan, on September 26, the USD was traded at a buying rate of 278.67 and a selling rate of 280.30, while the EURO was bought at 307.86 and sold at 310.68. The GBP showed a buying rate of 369.14 and a selling rate of 372.49, with other currencies like the Japanese Yen (JPY), United Arab Emirates Dirham (AED), and Saudi Riyal (SR) following similar trends.

By September 27, slight adjustments were noted as the USD buying and selling rates shifted to 278.26 and 280.15, respectively. The EURO rates adjusted to 308.20 for buying and 311.11 for selling. The GBP rates were 369.77 for buying and 373.22 for selling, maintaining a stable trajectory with minor changes observed from the previous day.

Interbank rates also demonstrated minor fluctuations with the USD interbank rate being 277.69 on September 26 and adjusting to 277.64 by the next day. These minor changes reflect a relatively stable forex environment in Pakistan at the close of the month.