The British pound sterling is trading near the significant 400-rupee threshold, while the US dollar maintains a notable premium in the open market over the interbank rate, according to figures released on Monday.
Data from the Exchange Companies Association of Pakistan showed the pound sterling (GBP) was quoted with a buying price of 378.08 and a selling price of 381.51 in the kerb market.
The US dollar was available for purchase at 280.03 and for sale at 280.62 in open market transactions. This represents a higher valuation compared to the interbank market, where the greenback was priced at 279.55 for buying and 279.75 for selling.
The euro stood as the second most valuable major currency, with its buying and selling rates recorded at 330.48 and 333.32, respectively.
Among other major currencies, the United Arab Emirates dirham was valued at 76.43 for buying and 77.16 for selling. The Saudi riyal was quoted at 74.74 for buying and 75.35 for selling.
The Japanese yen was priced with a buying rate of 1.79 and a selling rate of 1.85, according to the same report.