Pound, Euro Display Wider Spreads in Local Exchange Market

The British Pound Sterling and the Euro exhibited notably wider buying and selling rate differentials in the local currency exchange market today, according to data released by the Exchange Companies Association of Pakistan (ECAP).

The US Dollar (USD) was quoted with a buying rate of 279.34 and a selling rate of 280.20. European currencies experienced varied trading ranges. The Euro (EURO) registered buying and selling figures of 328.44 and 331.72 respectively, reflecting one of the more substantial spreads. Similarly, the British Pound Sterling (GBP) saw rates of 377.07 for purchases and 380.83 for sales, indicating the widest margin among the major international currencies listed.

Other international currencies also showed their daily movements. The Japanese Yen (JPY) was exchanged for 1.74 (buying) and 1.80 (selling). The United Arab Emirates Dirham (AED) stood at 76.04 for buying and 76.97 for selling, while the Saudi Riyal (SR) had rates of 74.25 (buying) and 75.13 (selling).

In contrast, the interbank market displayed a tighter spread, with rates recorded at 278.92 for buying and 279.12 for selling. These figures, provided by ECAP, offer a snapshot of the currency market dynamics as of 17 April 2026.