In Monday’s interbank trading session, the Pakistani Rupee (PKR) demonstrated perseverance, maintaining relative stability against the US Dollar (USD). The currency concluded the session at PKR 278.13 per USD, a marginal shift from the previous closing rate of PKR 278.14 per USD
PKR INTERBANK EXCHANGE RATES ON MARCH 25, 2024
| Country (Symbol) | Rate |
|---|---|
| United States (USD) | 278.13 |
| Eurozone (EUR) | 300.85 |
| United Kingdom (GBP) | 350.69 |
| Japan (JPY) | 1.8382 |
| United Arab Emirates (AED) | 75.73 |
| Saudi Arabia (SAR) | 74.16 |
| Australia (AUD) | 181.48 |
| Canada (CAD) | 204.55 |
INTRADAY FLUCTUATIONS AND OPEN MARKET RATES
Throughout the trading day, the PKR experienced slight fluctuations, reaching an intraday high (bid) of 278.25 and a low (ask) of 278. In the open market, exchange companies quoted the USD at 278.14 for buying and 280.73 for selling.
OPEN MARKET PERFORMANCE AGAINST MAJOR CURRENCIES
On Monday, during interbank trading, the Pakistani Rupee appreciated by one paisa against the US dollar, closing at Rs278.12 as opposed to Rs278.13 the day before. The Open Market Dollar purchasing and selling rates were, however, Rs278.25 and Rs281, respectively, according to the Forex Association of Pakistan (FAP).
Based on the State Bank of Pakistan (SBP), the Euro’s price closed at Rs300.84, down 19 paisas from the previous day’s closing of Rs301.03. When it came to the British Pound, the exchange rate decreased by 06 paisa, finishing at Rs350.59 as opposed to the previous closure of Rs350.65. The Japanese Yen, on the other hand, was stable and concluded at Rs1.83.
The Saudi Riyal dropped by one paisa to close at Rs74.15, while the Emirates Dirham stayed unchanged at Rs75.73.
