The Pakistani Rupee faced considerable pressure against major European currencies on Friday, with both the Euro and the British Pound Sterling trading at elevated levels in the open market, according to figures released by the Exchange Companies Association of Pakistan.
The Euro was quoted with a buying rate of PKR 324.10 and a selling rate of PKR 326.95. Similarly, the Pound Sterling registered a significant valuation, with its price corridor set between PKR 367.35 for buying and PKR 370.90 for selling.
In comparison, the United States Dollar exhibited stability, being priced at PKR 281.29 (buying) and PKR 281.65 (selling) in the open market. These figures reflected a modest premium over the interbank rates, where the greenback was valued between PKR 280.62 and PKR 280.82.
Rates for other prominent international legal tenders were also updated. The Japanese Yen was available at PKR 1.77 for buying and PKR 1.83 for selling.
Among key Middle Eastern currencies, the UAE Dirham was recorded at PKR 76.62 and PKR 77.39, while the Saudi Riyal was valued at PKR 74.94 and PKR 75.52 for buying and selling transactions, respectively.