The State Bank of Pakistan today released the latest exchange rates against Pakistan rupee for the mark-to-market revaluation, revealing updated figures across various currencies for different tenors.
The exchange rate for the US Dollar stood at 280.1646 for the ready rate, with projections of 282.1851 for one month and 292.9814 for one year. The Euro was listed at 302.4237 for the ready rate, and it is expected to rise to 305.1155 within one month and 322.7582 over the year.
The British Pound was valued at 362.9673 for immediate transactions, with forward rates of 365.5581 for one month and 379.0719 for one year. The UAE Dirham and Saudi Riyal were quoted at 76.2768 and 74.6926 respectively for the ready rate, with increment forecasts for both.
Moreover, the Kuwaiti Dinar, Bahraini Dinar, and Qatari Riyal showed varying figures, with the Kuwaiti currency listed at 908.7108, reflecting its strong position. The Bahraini Dinar was quoted at 743.1520, while the Qatari Riyal was noted at 76.8574 for the ready rate, both showing potential increments in the future.