A divergence between the US dollar’s open market and interbank valuations was observed on Thursday, with the currency fetching a higher price in retail trading, according to figures from the Exchange Companies Association of Pakistan today.
In the open market, the American currency was recorded with a buying rate of 279.51 and a selling rate of 280.37. In contrast, the interbank market listed the dollar”s purchase price at 279.32 and its sale price at 279.52.
The Euro was quoted at 321.77 for buying and 325.61 for selling, while the British pound sterling was priced between 372.97 for purchase and 377.00 for sale.
The Japanese yen”s exchange figures were noted at 1.73 for buying and 1.80 for selling.
For prominent Middle Eastern currencies, the UAE dirham was available at a buying rate of 75.77 and a selling rate of 76.78. The Saudi riyal was valued at 73.87 for purchase and 74.92 for sale.