Karachi: The State Bank of Pakistan has released the latest exchange rates for the revaluation of foreign currencies by authorized dealers, revealing a range of rates for various currencies including the U.S. Dollar, Japanese Yen, and others. The exchange rates are set to guide financial transactions and market evaluations.
The U.S. Dollar’s exchange rate stands at 280.7250 for immediate transactions, with future rates set at 282.4988 for one month and 293.4914 for one year. The Japanese Yen is valued at 1.9052 for ready transactions, increasing to 1.9242 in a month and 2.0654 over a year.
The exchange rate for the United Arab Emirates Dirham (AED) is 76.4283, with projections of 76.9175 and 79.9704 for the upcoming month and year, respectively. Similarly, the Saudi Riyal (SAR) is currently at 74.7802, and is expected to rise to 75.2257 in a month and 77.8440 in a year.
The Kuwaiti Dinar (KWD) stands at 911.6520, with future rates anticipated at 917.7105 for the next month and 958.2453 for the year. The Bahraini Dinar (BHD) is presently valued at 744.6385, with a one-month rate of 749.0060 and a one-year rate of 775.0083.
Lastly, the Qatari Riyal (QAR) is pegged at 77.0112, with an increase to 77.5085 in a month and 80.3838 over the next year.
These rates, provided by the State Bank of Pakistan, are crucial for authorized dealers in foreign exchange to align their financial strategies and operations in accordance with current market trends.