Exchange Rates Fluctuate as USD and GBP Strengthen Against PKR.

Karachi: In recent currency exchange transactions, the US dollar and British pound have shown a strengthening trend against the Pakistani Rupee (PKR). USD buying and selling rates have increased slightly from 276.83 and 278.74 on November 8, 2024, to 276.95 and 278.77 respectively by November 11, 2024.

According to Exchange Companies Association of Pakistan, the British pound also followed a similar pattern, with its buying and selling rates moving from 357.46 and 360.70 to 355.56 and 358.94 over the same period. Meanwhile, the euro saw a decrease in its buying and selling rates, adjusting from 297.13 and 299.90 to 294.55 and 297.45.

The Japanese yen remained relatively stable with a minor decrease in its buying rate, shifting from 1.79 to 1.78, and its selling rate from 1.84 to 1.83. Both the United Arab Emirates dirham (AED) and the Saudi riyal (SR) showed slight decreases in their exchange rates, with the AED moving from 75.26 and 75.97 to 75.24 and 75.95, while the SR adjusted from 73.52 and 74.14 to 73.48 and 74.12.

The interbank market observed minor fluctuations, with the buying and selling rates of the US dollar increasing from 277.74 and 277.94 to 277.86 and 278.06. These changes in currency exchange rates reflect ongoing market dynamics and the influence of global economic factors.

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