Weekend discount: US dollar gets cheaper in open market

Public can obtain the greenback for Rs2.50 cheaper than yesterday
Aug 13, 2022
<p>A currency dealer holds up bundles of the US dollar in Karachi. PHOTO: ONLINE/FILE</p>

A currency dealer holds up bundles of the US dollar in Karachi. PHOTO: ONLINE/FILE

With the US dollar losing ground in the interbank, it continued to become cheaper in the open market with those looking to exchange rupees or other currencies for the US dollars getting a little more for their money.

According to the official rate list for foreign currencies issued by the Forex Association of Pakistan (FAP) on Saturday, if you buy a single US dollar today, it will cost around Rs210.

On Friday, the last working day for the currency markets, the US dollar lost around Rs3.39 in the interbank while in the open market, it was being traded for Rs212.50

The impact was seen in the prices of other currencies as well, most of which saw reductions of up to a rupee.

Saudi Riyals became cheaper by Rs1.10, the UAE Dirham became cheaper by 80 paisas, Euros by Rs4, UK Pound Sterling by Rs3, Australian Dollars by Rs3 and Canadian Dollars by Rs4.

The Afghani also became cheaper by 10 paisas.

Only the Chinese Yuan became expensive by 50 paisas while the price of the Indian rupee remained unchanged.

Currency Buying Selling
US $ 208.00 210.00
Saudi Riyal 55.20 56.20
UAE Dirham 56.50 57.50
Euro € 213 216
UK Pound £ 252.00 255.00
Japanese Yen ¥ 1.52077 1.54077
Australian $ 147.00 149.00
Canadian $ 161.00 163.00
Indian Rupee ₹ 2.35 2.65
Chinese Yuan ¥ 33.00 34.00
Afghan Afghani 1.60 1.90

dollar rate

US dollar

dollar exchange rate

Tabool ads will show in this div