The British Pound Sterling surged to a new high in the open market on Monday, with its selling rate crossing the 382 mark, while the US Dollar continued to exert pressure, trading above 282 against the Pakistan rupee.
According to figures released by the Exchange Companies Association of Pakistan, the Pound Sterling (GBP) was quoted at 378.77 for buying and a significant 382.73 for selling. Concurrently, the US Dollar (USD) was trading at 281.85 for buying and 282.30 for selling in the open currency market.
The Euro also demonstrated considerable strength, with its value recorded at 329.21 for buying and climbing to 332.86 for selling. The data indicated a broad-based firmness of major international currencies against the Pakistani Rupee.
A notable gap was observed between the open market and interbank rates for the greenback. The interbank market concluded with the US Dollar being quoted at 281.25 for buying and 281.45 for selling, a lower valuation compared to the figures in the open market.
Other key currencies also reflected the trend. The UAE Dirham (AED) was available at 76.76 for buying and 77.50 for selling. The Saudi Riyal (SR) was valued at 75.02 for buying and 75.65 for selling. Meanwhile, the Japanese Yen (JPY) was quoted between 1.85 and 1.91.