FLASHNEWS:

Stable Currency Exchange Rates Observed in Pakistan’s Forex Market

Karachi: The latest currency exchange rates released by the Exchange Companies Association of Pakistan show minor fluctuations over the past two days, maintaining stability across major currencies in the interbank and open markets.

According to Exchange Companies Association of Pakistan, the US Dollar was priced at 279.13 for buying and 280.00 for selling as of August 28, 2024, showing a slight decrease from the previous day’s buying rate of 279.15. Similarly, the Euro was recorded at 309.34 for buying and 311.34 for selling, slightly down from 309.97 and 311.94 respectively on August 27. The British Pound showed a minor increase in its selling rate from 368.78 to 369.59, while its buying rate increased from 366.89 to 367.10.

Other currencies such as the Japanese Yen, UAE Dirham, and Saudi Riyal showed very little change, with the Yen buying rate at 1.90 and selling rate at 1.95, consistent with the previous day’s rates. Both the UAE Dirham and Saudi Riyal maintained steady rates with the Dirham buying at 75.79 and selling at 76.22, and the Riyal buying at 74.03 and selling at 74.42.

The interbank rates for the US Dollar also reflected slight adjustments, being quoted at 278.45 for buying and 278.65 for selling on August 28, compared to 278.32 and 278.52 respectively on the previous day.