Karachi, August 9, 2024: The Exchange Companies Association of Pakistan (ECAP) has released the latest currency exchange rates for today, Friday, August 9, 2024. These rates reflect the value of the Pakistani Rupee (PKR) against several major international currencies in the open market.
Currency Exchange Rates – August 9, 2024
| Currency Name | Buying (PKR) | Selling (PKR) |
| USD (U.S. Dollar) | 279.30 | 280.40 |
| EURO (Euro) | 303.62 | 305.54 |
| GBP (British Pound) | 353.53 | 355.15 |
| JPY (Japanese Yen) | 1.88 | 1.93 |
| AED (UAE Dirham) | 75.88 | 76.35 |
| SAR (Saudi Riyal) | 74.10 | 74.55 |
Comparative Analysis with August 8, 2024
Comparing today’s rates with those of August 8, 2024, the PKR has exhibited marginal fluctuations against most major currencies. The exchange rates for the USD, Euro, GBP, JPY, AED, and SAR show slight variations, indicating a relatively stable market with minor adjustments in currency valuations.
| Currency Name | Buying (PKR) | Selling (PKR) |
| USD (U.S. Dollar) | 279.25 | 280.40 |
| EURO (Euro) | 303.55 | 305.30 |
| GBP (British Pound) | 353.66 | 355.46 |
| JPY (Japanese Yen) | 1.86 | 1.92 |
| AED (UAE Dirham) | 75.85 | 76.34 |
| SAR (Saudi Riyal) | 74.08 | 74.54 |
Detailed Analysis
U.S. Dollar (USD): The PKR strengthened slightly in the buying rate, moving up from 279.25 to 279.30 PKR, while the selling rate remained steady at 280.40 PKR.
Euro (EUR): A modest increase was observed in both buying and selling rates, with the buying rate rising from 303.55 PKR to 303.62 PKR, and the selling rate from 305.30 PKR to 305.54 PKR.
British Pound (GBP): The GBP saw a slight decrease in both buying and selling rates, with the buying rate dropping from 353.66 PKR to 353.53 PKR, and the selling rate from 355.46 PKR to 355.15 PKR.
Japanese Yen (JPY): The Yen appreciated slightly against the PKR, with the buying rate increasing from 1.86 PKR to 1.88 PKR, and the selling rate from 1.92 PKR to 1.93 PKR.
UAE Dirham (AED) and Saudi Riyal (SAR): Both currencies showed minimal changes, with marginal increases in their buying and selling rates.
The stability in the exchange rates reflects the current economic environment, with minor adjustments indicating market responses to global and local economic factors.
