Exchange rates experienced minor fluctuations at the close of April, with the US dollar, euro, and British pound revealing slight shifts against the Pakistani Rupee, according to the Exchange Companies Association of Pakistan.
On April 30, the buying rate for the US dollar was noted at 281.41, with a selling rate of 282.90, a small increase from the previous day’s 281.31 and 282.87 respectively. Similarly, the euro showed a slight uptick with buying and selling rates adjusting to 319.58 and 322.63 from 319.32 and 321.91. The British pound also experienced a minor rise, closing at 376.31 for buying and 379.92 for selling, compared to 376.00 and 379.15 on April 29.
The Japanese yen and Saudi riyal remained stable, while the United Arab Emirates dirham saw a decrease, closing at 76.47 for buying and 77.09 for selling, against the previous day’s 76.59 and 77.20. The interbank rates showed minimal change, with the buying rate at 280.97 and selling at 281.17, reflecting a slight dip.
Zafar Paracha, General Secretary of the Exchange Companies Association of Pakistan, highlighted these subtle changes in foreign exchange rates, providing a snapshot of the currency market’s performance as the month concluded.