The State Bank of Pakistan (SBP) on Monday released the latest M2M currency rates for major foreign currencies, including the US Dollar, British Pound, and several other global currencies.
According to the SBP data, the US Dollar was recorded at PKR 278.67 in ready transactions. The 1-year forward rate was noted at PKR 291.03, reflecting market expectations of gradual rupee depreciation in the coming months.
The British Pound was quoted at PKR 379.05, with the 1-year forward rate rising to PKR 394.06. The Kuwaiti Dinar remained the highest-valued currency against the rupee at PKR 909.95, while the Qatari Riyal stood at PKR 76.44 and the Bahraini Dinar at PKR 738.69.
Among other major currencies, the Canadian Dollar was recorded at PKR 203.86, the Euro at PKR 328.10, and the Japanese Yen at PKR 1.77.
In Gulf currencies, the UAE Dirham was priced at PKR 75.87, while the Saudi Riyal stood at PKR 74.28. The Chinese Yuan was reported at PKR 41.00.
The SBP data reflects ongoing movements in the foreign exchange market, driven by trade flows, remittances, and global economic trends.
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