The British Pound (GBP) was trading relatively unchanged against the Pakistani Rupee (PKR) on Saturday. In mid-market trading according to Xe, the Pound brushed off the ₨377 mark at approximately ₨377.76 per Pound. With very minimal movement, the Pound had a high of ₨386.80 and a low of approximately ₨375.71 in trading over the previous month.
In the local open market context, the average trading rate was slightly higher than the mid-market rate at ₨383.75, according to FOREX.pk. The difference between the interbank rates and the market rates usually represents a basic supply/demand based on remittance inflows, demand for import payments, and general market liquidity issues.
📊 Key Exchange Data
| Source | 1 GBP = PKR | Notes |
|---|---|---|
| Xe (Mid-Market Rate) | ₨377.76 | Standard interbank rate |
| Local Open Market | ₨383.75 | Varies by city & demand |
| 30-Day High | ₨386.80 | Peak rate in past month |
| 30-Day Low | ₨375.71 | Lowest point in past month |
Currency analysts say the exchange rate is expected to remain steady at its current value given the foreign exchange reserves are not significant, and of course the global markets are a reason to remain cautiously optimistic. While there may be a relatively range of fluctuations to be expected in the coming weeks, because of both the economic policies and foreign reserve policies, as those around inflation implement changes, and flows of external financing.
Even a few rupees – again we are discussing a few rupees per Pound – can affect remittance, traveling abroad. The import variables process generally. Financial analysts are also following for everyone to monitor and follow along with through a couple of reputable firms, and have them on hand for any eventuality outside of the major decisions made at the firm – SBP, Xe and FOREX.pk for instance.
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