The Pakistani Rupee (PKR) maintained a steady position in today’s early trading sessions, with the US Dollar hovering around the 280 mark in the interbank market.
Data from this morning reflects a narrow spread between buying and selling rates, indicating a relatively calm day for the local forex market.
Interbank Market Performance
In the interbank session as of 09:14 PST, the US dollar was quoted at a buying rate of 280.05 and a selling rate of 280.55. Major European and Middle Eastern currencies also showed the following interbank trends:
Euro (EUR): Buying at 329.71 | Selling at 330.3
UK Pound (GBP): Buying at 378.22 | Selling at 378.89
UAE Dirham (AED): Buying at 76.26 | Selling at 76.39
Saudi Riyal (SAR): Buying at 74.67 | Selling at 74.8
Open Market Overview
The open market continues to trade at a slight premium compared to the interbank rates. The US dollar is currently being bought at 281 and sold at 283.
Financial analysts note that the PKR has remained resilient throughout December, with the exchange rate fluctuations remaining within a 1% margin over the last 30 days.
The stability in the Dirham and Riyal rates is particularly significant for the expatriate community and remittance inflows during the year-end period.
