Exchange Rates Shift as Pakistani Rupee Faces Pressures

KARACHI: The State Bank of Pakistan released updated exchange rates, reflecting ongoing fluctuations in the currency market. As of the latest report, the Pakistani rupee continues to experience pressures against major global currencies.

The data from the Domestic Markets and Monetary Management Department reveals that the buying and selling rates for the US dollar are noted at 280.8932 and 281.3251, respectively. This positions the dollar as a significant currency in terms of its exchange rate relative to the rupee.

In addition to the US dollar, the euro is also trading at considerable levels, with a buying rate of 326.5992 and a selling rate of 327.1057. The British pound stands at 375.0928 for buying and 375.6840 for selling, indicating its strong position against the rupee.

The Canadian dollar and Australian dollar are marked at 200.1229 and 183.0473 for buying, respectively. Their selling rates are slightly higher as compared to their buying rates, standing at 200.4273 for the Canadian dollar and 183.3420 for the Australian dollar.

Other currencies such as the Swiss franc and the Chinese yuan show buying rates of 351.1643 and 39.4475, respectively. The Saudi riyal and the UAE dirham are also part of this exchange rate listing with their respective buying and selling rates.

This current data reflects the ongoing economic conditions and currency market dynamics affecting Pakistan’s exchange rates. The State Bank of Pakistan regularly updates these rates, providing insights into the currency market’s status.