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Currency Exchange Rates Show Slight Fluctuations in Pakistan

Islamabad, The Exchange Companies Association of Pakistan has released the latest currency exchange rates for March 27 and 28, 2024, indicating slight fluctuations in the value of major currencies against the Pakistani Rupee. The rates for buying and selling the US dollar, Euro, British Pound, Japanese Yen, UAE Dirham, and Saudi Riyal have seen minor adjustments over the two days, reflecting subtle shifts in the foreign exchange market.

According to Exchange Companies Association of Pakistan, the buying rate for the US dollar remained nearly stable, decreasing marginally from PKR 278.06 on March 27 to PKR 278.04 on March 28. Similarly, the Euro and British Pound showed slight variations in their exchange rates against the Pakistani Rupee, with the Euro decreasing slightly from PKR 299.27 to PKR 298.99, and the British Pound maintaining a nearly constant rate with a marginal change from PKR 349.10 to PKR 349.07.

The exchange rates for the Japanese Yen, UAE Dirham, and Saudi Riyal also demonstrated minimal changes, with rates for these currencies showing stability in the foreign exchange market. The interbank rates for the Pakistani Rupee against the US dollar showed a negligible decrease, moving from PKR 278.04 to PKR 278.03.

These minor fluctuations in currency exchange rates indicate a relatively stable foreign exchange market in Pakistan, with no significant movements observed in the value of the Pakistani Rupee against major global currencies. The consistency in exchange rates over the two days suggests a steady economic environment, with the Exchange Companies Association of Pakistan closely monitoring the market to provide accurate and timely information.

The post Currency Exchange Rates Show Slight Fluctuations in Pakistan appeared first on Pakistan Business News.

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