On 5th August 2024, the Pakistani rupee experienced a minor depreciation of 12 paisa against the US dollar in interbank trading. The rupee closed at Rs 278.62, compared to the previous day’s closing rate of Rs 278.50.
Currency Exchange Rates Overview
US Dollar: In the interbank market, the dollar’s value increased to Rs 278.62 from Rs 278.50. The Forex Association of Pakistan (FAP) reported that in the open market, the buying rate of the dollar stood at Rs 279.3, while the selling rate was Rs 280.4.
Euro: The exchange rate for the Euro saw a significant rise of Rs 4.66, closing at Rs 305.48. This was an increase from the previous day’s closing rate of Rs 300.82, according to the State Bank of Pakistan (SBP).
Japanese Yen: The Japanese yen appreciated by 08 paisa, with the closing rate reaching Rs 1.94.
British Pound: The British Pound also saw an increase of Rs 2.84, trading at Rs 356.96 compared to Rs 354.12 from the previous day.
Emirates Dirham: The rate for the Emirates Dirham rose by 03 paisa, closing at Rs 75.85.
Saudi Riyal: The Saudi Riyal appreciated by 02 paisa, ending the day at Rs 74.22.
Summary
Today’s currency exchange data shows a mixed trend, with minor gains for major international currencies against the Pakistani rupee. The depreciation of the rupee against the US dollar reflects ongoing fluctuations in the currency market, while increases in the rates for other currencies highlight shifts in forex trading dynamics.
Afsheen Gohar believes in the power of clear, straightforward writing. Her blog posts tackle everyday topics with relatable insights and easy-to-follow advice. With a conversational style, she makes complex subjects feel understandable. She’s dedicated to sharing knowledge and empowering readers to take action. Find her latest posts on trending in social.
