AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: The Exchange Companies Association of Pakistan released the latest foreign currency exchange rates on Wednesday, showing moderate fluctuations in the interbank and open markets.
In the interbank market, the U.S. dollar was reported at 282.67 for buying and 282.87 for selling. Meanwhile, the open market saw the dollar trading slightly higher, with buying at 284.22 and selling at 285.15.
The euro experienced similar trends, with the interbank rate set at 328.53 for buying and 330.45 for selling. The open market reflected these numbers closely, indicating stability in euro trading.
The British pound also showed minor variations, with a buying rate of 377.48 and a selling rate of 379.50 in the open market. In the interbank market, the pound was quoted at slightly different rates.
The Japanese yen was recorded at 1.89 for buying and 1.94 for selling in the open market, while the interbank market maintained competitive rates.
Among Gulf currencies, the United Arab Emirates dirham was at 77.36 for buying and 77.65 for selling, and the Saudi riyal was at 75.65 for buying and 75.95 for selling, reflecting slight differences between the interbank and open markets.
These rates, as provided by the Exchange Companies Association of Pakistan, offer insight into the current state of currency exchanges within the country.