The Pakistani rupee experienced significant strain against major international currencies on Thursday, with the Euro and the British pound sterling reaching elevated levels in the open market, according to data released by the Exchange Companies Association of Pakistan.
The European single currency was quoted with a buying rate of 319.30 and a selling rate of 322.95. Similarly, the pound sterling demonstrated considerable strength, trading between 369.72 for buying and 373.75 for selling.
Meanwhile, the United States dollar also recorded a firm position, with its open market selling rate crossing the 280-rupee threshold. The greenback was being purchased at 279.40 and sold at 280.32.
A marginal difference was observed in the interbank market, where the US currency was valued at 279.25 for buying and 279.45 for selling, indicating a slight premium in the open market.
Among other notable currencies, the UAE dirham was available for purchase at 75.81 and for sale at 76.77, while the Saudi riyal was traded with buying and selling rates of 73.88 and 74.85 respectively.
The Japanese yen was pegged between a buying rate of 1.72 and a selling rate of 1.79.