Karachi, August 10, 2024: The Exchange Companies Association of Pakistan (ECAP) has announced the latest currency exchange rates for today, Saturday, August 10, 2024.
These rates provide a snapshot of the value of the Pakistani Rupee (PKR) against key international currencies in the open market, offering a comparison with the rates observed on August 9, 2024.
Currency Exchange Rates – August 10, 2024
• USD (U.S. Dollar): Buying at PKR 279.28, Selling at PKR 280.40
• EURO (Euro): Buying at PKR 303.80, Selling at PKR 305.41
• GBP (British Pound): Buying at PKR 354.88, Selling at PKR 356.78
• JPY (Japanese Yen): Buying at PKR 1.87, Selling at PKR 1.92
• AED (UAE Dirham): Buying at PKR 75.90, Selling at PKR 76.35
• SAR (Saudi Riyal): Buying at PKR 74.13, Selling at PKR 74.55
Comparative Analysis with August 9, 2024
A comparative analysis of the currency exchange rates between August 9 and August 10, 2024, reveals slight fluctuations in the value of the Pakistani Rupee against the major currencies.
• U.S. Dollar (USD): The buying rate for the USD has marginally decreased from PKR 279.30 to PKR 279.28, while the selling rate remains unchanged at PKR 280.40. This stability suggests minimal market volatility for the USD-PKR exchange rate, reflecting a steady demand for the U.S. Dollar.
• Euro (EUR): The Euro has experienced a slight increase in its buying rate, rising from PKR 303.62 to PKR 303.80. However, the selling rate has decreased marginally from PKR 305.54 to PKR 305.41. This fluctuation may indicate mixed market sentiments, with a possible increase in demand for the Euro on the buying side.
• British Pound (GBP): The British Pound shows a notable upward trend, with the buying rate increasing from PKR 353.53 to PKR 354.88, and the selling rate rising from PKR 355.15 to PKR 356.78. This increase suggests a stronger demand for the Pound, possibly influenced by economic developments in the UK or fluctuations in global currency markets.
• Japanese Yen (JPY): The Japanese Yen’s buying rate has slightly decreased from PKR 1.88 to PKR 1.87, while the selling rate has also dropped from PKR 1.93 to PKR 1.92. This minor decline reflects a relatively stable exchange rate, with minimal changes in demand for the Yen.
• UAE Dirham (AED): The buying rate for the AED has seen a marginal increase from PKR 75.88 to PKR 75.90, with the selling rate remaining stable at PKR 76.35. The small increase in the buying rate indicates a consistent demand for the Dirham.
• Saudi Riyal (SAR): The Saudi Riyal has shown a slight increase in its buying rate, moving from PKR 74.10 to PKR 74.13, while the selling rate remains steady at PKR 74.55. This suggests a stable demand for the Riyal in the open market.
Overall, the Pakistani Rupee has exhibited a relatively stable performance against major international currencies, with minor fluctuations observed in the exchange rates. These changes reflect ongoing market dynamics and the impact of global economic factors on Pakistan’s currency market.