The new year commenced with a significant surge in the open market value of key international currencies, with the British Pound Sterling”s selling rate crossing the 380 mark and the Euro trading above 331, according to figures released by the Exchange Companies Association of Pakistan.
The United States dollar maintained a strong position on the first day of trading, with its purchasing price recorded at 280.49 and its selling price listed at 281.15.
European currencies displayed considerable strength. The Euro was quoted with a buying rate of 328.65 and a selling rate of 331.70, while the Pound Sterling was valued at 376.99 for buying and a high of 380.51 for selling.
In other trading, the Japanese Yen was available at 1.77 for purchase and 1.83 for sale.
Currencies from the Gulf region also reflected the market trend. The UAE Dirham was priced between 76.48 and 77.20, and the Saudi Riyal fluctuated between 74.75 and 75.32 for buying and selling, respectively.