Karachi, August 12, 2024: The Exchange Companies Association of Pakistan (ECAP) has published the currency exchange rates for today, August 12, 2024. Due to the market closure on Sunday, August 11, the rates opening on Monday remain unchanged from the previous day.
These rates provide insight into the value of the Pakistani Rupee (PKR) in relation to several major international currencies. Here’s a detailed look at the latest figures:
• USD (U.S. Dollar): The PKR is trading at 279.38 for buying and 280.40 for selling. The U.S. Dollar continues to hold a significant value against the Pakistani Rupee, reflecting ongoing economic dynamics and market sentiments.
• EURO (Euro): For the Euro, the rates stand at 303.77 for buying and 305.32 for selling. The Euro remains a strong currency, with its value increasing slightly compared to the previous week.
• GBP (British Pound): The British Pound is quoted at 354.99 for buying and 356.94 for selling. The Pound’s value remains high, underscoring its continued strength in global financial markets.
• JPY (Japanese Yen): The Japanese Yen is trading at 1.87 for buying and 1.93 for selling. The Yen’s value is relatively stable, though it is subject to fluctuations based on international economic trends.
• AED (UAE Dirham): The exchange rate for the UAE Dirham is 75.91 for buying and 76.35 for selling. The Dirham remains a stable currency in the region, reflecting its consistent value in the market.
• SAR (Saudi Riyal): The Saudi Riyal is priced at 74.14 for buying and 74.55 for selling. As with the Dirham, the Riyal maintains a steady value, reflecting stable economic conditions in the Gulf region.
The stability in exchange rates August 12, 2024 can be attributed to the market’s closure on Sunday, which has kept the rates consistent with those of the previous trading day. As the global economic landscape continues to evolve, these rates provide a snapshot of the current economic climate in Pakistan.
For further updates on currency exchange rates and market conditions, stay tuned to the Exchange Companies Association of Pakistan’s announcements and financial news sources.
