Fluctuating Exchange Rates: State Bank of Pakistan Releases New Revaluation Figures

The State Bank of Pakistan has unveiled the latest exchange rates for mark-to-market revaluation by authorized dealers in foreign exchange, revealing significant fluctuations across multiple currencies.

As of March 24, the USD is marked at 280.36 for immediate transactions, with a rise to 282.20 for a one-month term and reaching 293.11 for a one-year period. The EUR shows a similar trend with rates set at 304.01 for immediate trades, escalating to 306.54 over a month and peaking at 324.05 over a year.

In the UK’s currency, the GBP, immediate transactions are pegged at 363.17, increasing to 365.52 after one month, and reaching 379.00 at the one-year mark. The AED starts at 76.33 for immediate exchanges, 76.84 for a one-month term, and 79.88 for a year-long term.

Additionally, the SAR is set at 74.74 for immediate deals, with slight increases to 75.19 and 77.84 over the month and year, respectively. The KWD, BHD, and QAR also demonstrate notable upward trends in their one-month and one-year projections, reflecting dynamic shifts in the foreign exchange landscape.