Updated forex rates for 18th September, 2013 by MBO forex rates Several Pakistani consumers are regularly dealing in foreign currencies. For this purpose, it is very important to stay updated with forex rates. Other than the standard import and export professionals, many individuals tend to maintain their savings in foreign exchange. They study the trends of forex rates and choose to invest in currencies which are stable and appreciating in the foreseeable future. We, at MyBankersOnline, are providing updated forex rates for the benefit of the consumers of Pakistan. The open market and inter-bank forex rates for 18th September, 2013 are given below. Inter-Bank Rates Open Market Rates Currencies Buying Selling Buying Selling U.S Dollar (USD) 106.10 106.20 106.40 106.65 Euro (EUR) 141.63 141.87 141.35 141.60 Pound Sterling GBP) 169.45 169.70 168.50 168.75 Japanese Yen (JPY) 1.07 1.08 1.06 1.08 Swiss Franc (CHF) 114.65 114.85 111.25 111.60 Australian Dollar (AUD) 99.23 99.40 98.80 99.05 Canadian Dollar (CAD) 103.02 103.17 102.50 102.75 UAE Dirham (AED) 28.84 28.95 28.85 29.10 Singaporean Dollar (SGD) 84.26 84.41 83.40 83.65 Swedish Krona (SEK) 16.41 16.54 15.65 15.90 Danish Krone (DKK) 18.96 19.09 18.90 19.15 Saudi Riyal (SAR) 28.26 28.37 28.20 28.45 New Zealand Dollar (NZD) 87.19 87.37 82.25 82.50 Malaysian Ringgit (MYR) 32.85 32.94 31.35 31.60 Hong Kong Dollar (HKD) 13.66 13.72 13.25 13.50 Indian Rupee (INR) 1.68 1.69 1.52 1.57 Qatari Riyal (QAR) 29.16 29.21 28.55 28.80 Chinese Yuan (CNY) 17.30 17.39 16.50 16.75 Thai Baht (THB) 3.35 3.42 3.20 3.45 Due to the volatility in the foreign exchange market, most importers and exporters tend to hedge their expenses against forex rates. For this purpose, banks charge a booking premium against the tenure of hedging. Banks in Pakistan provide hedging facilities against the following forex rates. The revised forex rates after booking premiums are commonly referred to as the “Forward Rates”. The booking premiums for 18th September, 2013 are given below. Forward Rates - USD Buying Selling Ready Rate 106.10 106.20 Forward Rates Export Premium Import Premium 1 Week 0.09 0.15 1 Month 0.41 0.50 2 Months 0.97 1.07 3 Months 1.48 1.58 4 Months 2.03 2.15 5 Months 2.61 2.74 6 Months 3.10 3.21 Forward Rates - GBP Buying Selling Ready Rate 169.45 169.70 Forward Rates Export Premium Import Premium 1 Week 0.13 0.21 1 Month 0.62 0.80 2 Months 1.45 1.65 3 Months 2.26 2.47 4 Months 3.04 3.32 5 Months 3.95 4.19 6 Months 4.67 4.96 Forward Rates - EUR Buying Selling Ready Rate 141.63 141.87 Forward Rates Export Premium Import Premium 1 Week 2.00 2.02 1 Month 0.55 0.68 2 Months 1.31 1.46 3 Months 1.96 2.16 4 Months 2.72 2.92 5 Months 3.50 3.72 6 Months 4.20 4.45 Forward Rates - JPY Buying Selling Ready Rate 1.0735 1.0795 Forward Rates Export Premium Import Premium 1 Week 0.0011 0.0014 1 Month 0.0047 0.0067 2 Months 0.0106 0.0136 3 Months 0.0160 0.0190 4 Months 0.0220 0.0250 5 Months 0.0281 0.0321 6 Months 0.0334 0.0394
Posted on: Sun, 22 Sep 2013 18:14:03 +0000
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