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Currency Rates

Kerb currency market

Posted on by Hooriya Qureshi

KARACHI, May 19 (APP): Following were the Closing Rates of foreign currencies in kerb market issued by the Forex Association of Pakistan (FAP), here on Friday. F.C. LOW RATE HIGH RATE INTER BANK (COMMERCIAL BANK) 285.45 286.20 U.S $ DOLLAR (FREE MARKET) 295.00 298.00 SAUDIA […]

Most Asian markets up on recovery hopes

Posted on by Hooriya Qureshi

Hong Kong, Oct 14 (AFP/APP):Asian markets mostly rose Thursday as investors maintained optimism in the global recovery outlook but prepared for the end of an era of cheap cash with inflation continuing to surge on the back of supply chain problems and improving demand. After […]

US stocks begin week with losses

Posted on by Hooriya Qureshi

New York, Oct 11 (AFP/APP):Rising energy prices defeated Wall Street’s early tentative momentum on Monday, with major indices finishing the day with losses. Stocks began the session with mixed sentiment but that turned decisively negative by the end of the day. Oil prices surged to […]

Tokyo stocks close higher

Posted on by Hooriya Qureshi

Tokyo, Oct 11 (AFP/APP):Tokyo stocks closed higher on Monday, boosted by gains in Chinese shares as investors picked up bargains. The benchmark Nikkei 225 index shed earlier losses to end up 1.60 percent, or 449.26 points, to 28,498.20 yen. The broader Topix index rose 1.77 […]

Hong Kong stocks open with gains

Posted on by Hooriya Qureshi

Hong Kong, Oct 11 (AFP/APP):Shares in Hong Kong rose at the open on Monday, extending last week’s advance, led by a rally in tech firms, though traders remain on edge over the debt crisis at property giant Evergrande. The Hang Seng Index jumped 1.30 percent, […]

Currency rates of NBP

Posted on by Hooriya Qureshi

KARACHI, Oct 11 (APP):Following are the selling/buying rates of major currencies issued by the National Bank of Pakistan (NBP), here on Monday. CURRENCY SELLING BUYING USD 172.66 168.75 GBP 235.47 230.10 EUR 199.80 195.60 JPY 1.5327 1.4980 SAR 46.04 44.99 AED 47.02 46.25 […]

Currency exchange rates have a significant impact on international commerce, tourism, investments, and financial dealings. Individuals, corporations, and governments all need to understand exchange rates. We shall examine the idea of currency rates, the variables that determine them, and their importance in the context of global finance in this article.

Currency exchange rates have a significant impact on international commerce, investments, and economic stability. They are a key component of the global financial system. Making wise judgments is made possible for people, organizations, and governments by having a thorough understanding of the variables that influence currency rates and their relevance. In an increasingly linked world, monitoring currency rate patterns and getting professional guidance may assist reduce risks and improve financial strategy.

Currency exchange rates are dynamic and impacted by a wide range of variables, including macroeconomic data, current affairs, and market forces. For people, organizations, and governments engaged in international commerce, finance, and investments, understanding these elements and their effects is crucial. Stakeholders may take advantage of possibilities in the constantly shifting global economy by making educated choices, managing risks, and keeping a close watch on currency rate changes and their effects. PNI’s most recent stock news

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