Islamabad: The foreign exchange rates in Pakistan showed relative stability with minor fluctuations observed in major currencies over the past two days.
According to Exchange Companies Association of Pakistan, on October 25, the buying rate for the US dollar stood at 276.75 with a selling rate of 278.62, while the Euro was bought at 298.09 and sold at 300.79. The British Pound maintained a buying rate of 357.17 and a selling rate of 360.45. Other currencies such as the Japanese Yen, UAE Dirham, and Saudi Riyal showed similar stability with slight variations in their buying and selling rates.
On October 26, the rates for the US dollar slightly adjusted to a buying rate of 276.72 and a selling rate of 278.60. The Euro saw a small decrease in the buying rate to 297.42, with the selling rate adjusting to 300.21. The rates for the British Pound, Japanese Yen, UAE Dirham, and Saudi Riyal remained nearly unchanged from the previous day.
The interbank rate for the US dollar on October 25 was recorded at 277.64 for buying and 277.84 for selling, but no interbank rates were reported for October 26.
This consistency in currency rates suggests a stable foreign exchange market in Pakistan, with minimal fluctuations impacting major currencies. This stability is crucial for business transactions and economic planning in the country.