KARACHI : Dec 21, 2022: Euro made big gain in its value in interbank in domestic market today (Wednesday) . It appreciated by Rs 1.50 in its value in interbank. With this latest increase, Euro soared to Rs 256 (buying) . Euro’s selling price today is Rs 258.50.
Difference in buying and selling price of Euro today is Rs 1.50.
US dollar remained. Pegged at its last day value in interbank and its buying price today is Rs 225.25 and its selling price in interbank today is Rs 225.70. In open market , US dollar made modest gain of 50 paisa. With this latest gain , US dollar value today in open market is Rs 232.
Saudi Riyal made modest increase in value of 35 paisa and its buying rate today is Rs 64.35. Selling price of Saudi Riyal today is Rs 65.
United Arab Emirate (UAE) dirham made a gain of 30 paisa and it took UAE dirham price in currency market to Rs 67.30.
Pound sterling made a gain of one rupee and with this increase , pound sterling value today stands at Rs 293 (buying). Pound . Selling price of pound sterling today is Rs 296. Difference in buying and selling of pound sterling is Rs 3 today which is more than reasonable..
The State Bank of Pakistan (SBP) , being a regulator , is not taking its notice . Difference of Rs 3 in buying and selling of a currency should have a worrisome, but since SBP is more interested in just holding seminars and workshops on irrelevant or less important topics , the currency manipulators are free to jack up the rates of any currency they deem for it.
The rate of Canadian dollar (CAD) also showed bullish trend today. Its value increased by one rupee . The rate of CAD today is Rs 176. Selling rate of CAD today is Rs 178. Here again difference in buying and selling of CAD is of two rupee and its not reasonable .
The price of Australian dollar (AUD) in Pakistan ‘s market is Rs 160 (buying). Selling price of AUD today is Rs 162.
Japanese yen too made gain in its value and its buying rate today in Pakistan market is Rs 1.80780. Selling price of Japanese yen today is Rs 1.82780.