Currency Exchange Rates Fluctuate Slightly in Pakistan

Islamabad, The Exchange Companies Association of Pakistan reported minor fluctuations in currency exchange rates over two consecutive days, June 5 and June 6, 2024. The rates for major currencies such as the US Dollar, Euro, and British Pound saw slight changes, reflecting ongoing adjustments in the global and local financial markets.

According to Exchange Companies Association of Pakistan, on June 5, the buying rate for the US Dollar was recorded at 277.18, while the selling rate was 279.59. By the following day, these rates shifted to 277.23 for buying and 279.67 for selling. Similarly, the Euro moved from a buying rate of 299.87 and a selling rate of 302.81 on June 5, to 300.01 and 302.99 respectively on June 6. The British Pound also increased marginally from 352.34 to 352.83 in buying and from 355.65 to 356.24 in selling.

Other currencies such as the Japanese Yen, United Arab Emirates Dirham, and Saudi Riyal remained stable with minimal changes in their buying and selling rates. The Interbank rates, which often reflect broader financial trends, also showed minor increases from 278.30 to 278.39 in buying and from 278.50 to 278.59 in selling.

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