Currency Rates Update Shows Slight Variations in Major Currencies

Karachi: Currency exchange rates in Pakistan have shown slight variations as the new year begins, reflecting changes in the buying and selling prices of major currencies. The data, released by the Exchange Companies Association of Pakistan, highlights minor fluctuations in the values of the US dollar, euro, British pound, Japanese yen, and other currencies.

According to Exchange Companies Association of Pakistan, the US dollar buying rate on December 31, 2024, was recorded at 277.75, with a selling rate of 279.59. As of January 1, 2025, the buying rate slightly decreased to 277.60, while the selling rate remained at 279.60. The euro saw a decrease in both buying and selling rates, with the buying rate dropping from 288.57 to 286.99 and the selling rate from 290.93 to 289.55.

The British pound experienced a marginal decrease in its rates, with the buying rate on December 31 at 348.15, moving to 347.22 by January 1. The selling rate also adjusted from 350.85 to 350.18. Meanwhile, the Japanese yen remained stable with buying and selling rates of 1.75 and 1.80, respectively, on both days.

Additionally, the rates for the United Arab Emirates dirham and Saudi riyal showed little change. The AED buying rate slightly decreased from 75.59 to 75.53, while the selling rate remained steady at 76.10. The SR buying rate went from 73.88 to 73.83, with the selling rate unchanged at 74.35. The interbank rate was listed as 278.55 for buying and 278.75 for selling on December 31, with no updated figures available for January 1.

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