Euro and Pound Sterling Surge Against Local Unit in Open Market Trading

The Euro and the British Pound Sterling recorded significant values in Pakistan’s open currency market on Friday, with the European currency being quoted at 328.46 for buying and 331.48 for selling.

According to figures released by the Exchange Companies Association of Pakistan, the Pound Sterling demonstrated robust strength, with its buying rate standing at 374.96 and the selling rate reaching 378.20, marking it as the highest-valued currency among the reported pairings.

In comparison, the US Dollar maintained a relatively stable position. The greenback was traded in the open market between 280.72 (buying) and 281.30 (selling). A marginal difference was observed in the interbank market, where the dollar was quoted at 280.25 for buying and 280.45 for selling.

Other major international currencies also featured in the day”s trading. The Japanese Yen was available for purchase at 1.77 and for sale at 1.84.

Meanwhile, currencies from the Middle East saw the UAE Dirham (AED) trading between 76.59 and 77.36, and the Saudi Riyal (SR) was exchanged between 74.80 and 75.39 for buying and selling, respectively.