The Pakistani rupee demonstrated a noticeable gap between its interbank and open market rates against the US dollar on Monday.
According to data released by the Exchange Companies Association of Pakistan, the American currency concluded at a selling price of 280.05 in the interbank market, while it was being traded at a higher rate of 280.96 in the open market.
In the open market, the US dollar’s buying rate was recorded at 280.25, with its selling price reaching 280.96.
Among other major international currencies, the Pound Sterling was the most expensive, with a purchase price of 382.49 and a sale price of 385.92. The Euro was valued at 331.97 for buying and 335.15 for selling.
The Japanese Yen was priced at 1.79 for buying and 1.86 for selling. Meanwhile, currencies from the Gulf region also saw updated valuations, with the UAE Dirham at 76.53 (buying) and 77.29 (selling), and the Saudi Riyal at 74.81 (buying) and 75.40 (selling).
These currency exchange figures reflect the day”s trading activity as compiled and reported by the association.