Currency Exchange Rates Experience Fluctuations in Pakistan

Karachi: Recent data released by the Exchange Companies Association of Pakistan indicates fluctuations in currency exchange rates over a two-day period. The data shows changes in the buying and selling rates for major currencies, including the US Dollar, Euro, British Pound, Japanese Yen, United Arab Emirates Dirham, and Saudi Riyal.

According to Exchange Companies Association of Pakistan, on December 4, 2024, the buying and selling rates for the US Dollar were 277.07 and 278.80 respectively, while on December 5, 2024, these rates increased to 277.16 and 278.91. The Euro experienced a similar trend, with buying and selling rates moving from 290.09 and 292.35 to 290.57 and 292.77 over the same period.

The British Pound saw its buying rate increase from 350.12 to 351.47, and its selling rate from 352.68 to 354.20. The Japanese Yen remained stable at 1.82 for buying and 1.87 for selling on both days. The United Arab Emirates Dirham’s buying rate increased slightly from 75.41 to 75.45, with the selling rate maintaining at 76.00. The Saudi Riyal showed a minor increase in its buying rate from 73.66 to 73.68, while the selling rate stayed steady at 74.20.

The interbank rates for the US Dollar also showed a slight increase, moving from 277.92 and 278.12 on December 4 to 277.94 and 278.14 on December 5. These fluctuations in currency exchange rates indicate a varying demand and supply dynamic in the currency market.

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