Karachi, August 26, 2024 – As the trading week kicks off, currency exchange rates in Pakistan remain a focal point for traders and importers looking to make critical financial decisions. The following are the open market exchange rates in Pakistan as of Monday, August 26, 2024, reflecting the buying and selling prices of various foreign currencies.
The US Dollar (USD) currency, which continues to serve as a benchmark for global exchange, is currently being traded at PKR 279.10 for buying and PKR 280.00 for selling. The fluctuation of the dollar rate remains minimal, suggesting stability in the open market as of now.
Among the European currencies, the Euro (EUR) currency stands out with a buying rate of PKR 309.40 and a selling rate of PKR 311.89. Similarly, the UK Pound Sterling (GBP) is being traded at PKR 363.41 for buying and PKR 367.71 for selling. Both currencies have shown slight increases, aligning with trends observed in global markets.
In the Middle Eastern currency spectrum, the Saudi Riyal (SAR) and the UAE Dirham (AED) are of particular interest. The Saudi Riyal has a buying rate of PKR 73.73 and a selling rate of PKR 74.43, while the UAE Dirham is being bought at PKR 75.78 and sold at PKR 76.23. The Kuwaiti Dinar (KWD), one of the highest-valued currencies globally, shows a significant trading range with a buying rate of PKR 903.45 and a selling rate of PKR 908.53. The Omani Riyal (OMR) follows closely, being bought at PKR 723.13 and sold at PKR 727.21.
Asian currencies such as the Japanese Yen (JPY) and the Chinese Yuan (CNY) are trading at PKR 1.98 and PKR 1.99 for buying and selling, and PKR 38.25 and PKR 38.65, respectively. The Indian Rupee (INR), closely monitored due to its geographical and economic proximity, is being traded at PKR 3.34 for buying and PKR 3.45 for selling.
Commonwealth currencies, including the Australian Dollar (AUD) and Canadian Dollar (CAD), also show stable rates. The AUD is currently traded at PKR 185.25 for buying and PKR 189.83 for selling. Meanwhile, the CAD is being bought at PKR 202.65 and sold at PKR 207.00.
The Swiss Franc (CHF), often viewed as a safe-haven currency, is being traded at PKR 324.00 for buying and PKR 328.94 for selling, indicating a steady demand.
These exchange rates are indicative of the open market trends and could fluctuate based on various economic factors and global market conditions throughout the day. Market participants are advised to keep a close watch on these movements for any significant changes.
