Currency rates: Dollar remains unchanged in open market thumbnail

Currency rates: Dollar remains unchanged in open market

In the open market, the US dollar remained unchanged and traded at Rs178.50 on Monday.

The value of the Pakistani rupee ended the year 2021 on a positive note as it recorded an appreciation of 0.57% on the last trading session in the interbank market.

The local currency recorded the highest single-day recovery in 32 sessions on December 31 and closed at Rs176.51.

In December, the Pakistani currency remained extremely volatile and the value of the greenback surged by Rs2.98, breaking all records.

Related: Which currency gained the most against Rupee in 2021?

Here are the open market rates of major currencies on January 3, 2022

Currency  Buying  Selling 
USD  178.00 178.50 
Saudi Riyal  46.70  47.30 
UAE Dirham  48.50  49.50 
UK Pound  236.00  239.00 
Euro  198.50  200.50 
Japanese Yen  1.49  1.51 
AUD  125.50  127.00 
CAD  137.00  139.00 
Chinese Yuan  27.00  28.00

In Pakistan, all banks remained closed for public dealing on Monday as per the announcement by the State Bank of Pakistan (SBP).

The day was observed as a “bank holiday”. The central bank, too, was closed.

According to the statement, however, employees of banks, Development Finance Institutes and Micro Finance Banks were to work as usual.

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