Karachi: Authorized dealers in foreign exchange received updated exchange rates for mark to market revaluation from the State Bank of Pakistan. The latest data reflects the currency values against the Pakistani Rupee, effective immediately.
The US Dollar (USD) showed a ready rate of 280.2638, with projections for 1-month and 1-year at 282.2181 and 293.0810, respectively. The Euro (EUR) was listed at 302.3906 for the ready rate, with future estimates of 305.0045 for 1-month and 322.6303 for 1-year.
The British Pound (GBP) stood at a ready rate of 361.8205, while the 1-month and 1-year rates are set at 364.3152 and 377.9061. Meanwhile, the United Arab Emirates Dirham (AED) had a ready rate of 76.3027, with 1-month and 1-year rates at 76.8451 and 79.8738.
The Saudi Riyal (SAR) showed a ready rate of 74.7091, with the 1-month rate at 75.2060 and the 1-year rate at 77.8363. The Kuwaiti Dinar (KWD) was pegged at 908.7376 for the ready rate, with 1-month and 1-year rates at 916.1139 and 959.1601.
The Bahraini Dinar (BHD) had a ready rate of 743.3559, with 1-month and 1-year rates at 748.2516 and 774.0676. Lastly, the Qatari Riyal (QAR) showed a ready rate of 76.8847, with projections of 77.4293 for 1-month and 80.3150 for 1-year.
These rates are crucial for financial institutions in determining the value of foreign currencies against the Pakistani Rupee for various financial transactions.
