Pakistan’s open market foreign exchange rates on Thursday exhibited a discernible variance when compared against the established interbank benchmarks, as reported by the Exchange Companies Association of Pakistan.
The United States Dollar (USD) was traded in the open market with buying rates recorded at 279.39 and selling rates at 280.17. This contrasted with the interbank rates for the same day, which stood at 278.86 for buying and 279.06 for selling.
Similarly, the Euro (EURO) saw open market valuations of 326.22 for buying and 329.33 for selling. The British Pound Sterling (GBP) figures were 376.28 on the buying side and 379.77 for selling in the same market segment.
Further analysis of the data revealed the Japanese Yen (JPY) trading at 1.74 (buying) and 1.79 (selling). For Middle Eastern currencies, the UAE Dirham (AED) registered rates of 76.04 (buying) and 76.85 (selling), while the Saudi Riyal (SR) was quoted at 74.29 (buying) and 75.02 (selling).
These open market figures consistently showed higher valuations for foreign currencies compared to the tighter range observed in the interbank market. The interbank sector maintained a buying rate of 278.86 and a selling rate of 279.06, underscoring the differing pricing dynamics across the two market segments on the specified date.
The comprehensive foreign exchange data was disseminated by the Exchange Companies Association of Pakistan, providing a snapshot of the day”s currency performance.