The British Pound Sterling edged closer to the 380 mark in the open market on Friday, while the Euro also displayed considerable strength, trading above 329, according to figures released by the Exchange Companies Association of Pakistan.
The US dollar was quoted at 280.40 for buying and 281.05 for selling in the open currency market. This represented a notable gap when contrasted with the interbank rates, where the greenback was priced between 280.02 and 280.22.
Other significant international currencies also saw firm valuations. The Pound Sterling was available for purchase at 376.50 and for sale at 379.95, while the Euro”s buying and selling rates were recorded at 326.68 and 329.82 respectively.
Currencies from the Gulf region also maintained steady positions, with the UAE Dirham being traded between 76.49 and 77.22. Similarly, the Saudi Riyal was valued at 74.82 for buying and 75.40 for selling.
In the Asian currency segment, the Japanese Yen was quoted with a buying price of 1.76 and a selling price of 1.83.