AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: The State Bank of Pakistan has released updated exchange rates for the mark-to-market revaluation by authorized dealers in foreign exchange, showing minor increases across a range of currencies.
The US dollar is now at 280.8688 for the ready rate, with a one-month rate of 282.5541 and a one-year rate of 293.9476. The euro stands at 324.4456 for the ready rate, with a one-month rate of 326.9801 and a one-year rate of 346.7351.
The British pound is listed at 376.6170 for the ready rate, 378.8882 for one-month, and 394.0211 for one-year. The UAE dirham has a ready rate of 76.4675, with a one-month rate of 76.9331 and a one-year rate of 80.0729.
The Saudi riyal is priced at 74.8564 for the ready rate, 75.2795 for one-month, and 78.0116 for one-year. The Kuwaiti dinar shows a ready rate of 917.6921, a one-month rate of 923.4096, and a one-year rate of 965.6304.
Meanwhile, the Bahraini dinar is set at 745.1386 for the ready rate, 749.3213 for one-month, and 776.5400 for one-year. The Qatari riyal shows a ready rate of 77.0476, with a one-month rate of 77.5183 and a one-year rate of 80.5101.
These rates, as per the State Bank of Pakistan, provide financial institutions with the necessary guidelines for currency valuation and trading in the foreign exchange market.