Karachi, December 21, 2024 – The latest currency exchange rates in Pakistan indicate notable trends as the trading day commenced on Saturday.
The open market exchange rates reflect the fluctuating values of international currencies against the Pakistani Rupee (PKR), underscoring the dynamic interplay of global and domestic economic factors.
The US Dollar (USD) currency continues to be a focal point of attention, with buying and selling rates recorded at PKR 277.95 and PKR 279.45, respectively. This steady position highlights its enduring influence on Pakistan’s import-dependent economy.
Among the regional currencies, the Chinese Yuan (CNY) currency stood at PKR 37.99 for buying and PKR 38.39 for selling. The Indian Rupee (INR), often used in cross-border trade and informal markets, traded at PKR 3.19 for buying and PKR 3.28 for selling.
The Gulf currencies displayed their traditional strength, with the Kuwaiti Dinar (KWD) topping the charts at PKR 896.01 buying and PKR 905.51 selling, making it the most valuable currency against the PKR. Similarly, the Omani Riyal (OMR) traded at PKR 719.5 and PKR 728, while the Saudi Riyal (SAR) maintained its stability at PKR 73.75 for buying and PKR 74.3 for selling.
European currencies also held firm, with the Euro (EUR) at PKR 287.25 for buying and PKR 290 for selling. The UK Pound Sterling (GBP) continued to command a premium, trading at PKR 349.05 buying and PKR 352.55 selling, reflecting its resilience amidst global economic volatility.
Currencies from the Asia-Pacific region displayed moderate activity. The Australian Dollar (AUD) was priced at PKR 174.75 for buying and PKR 177 for selling, while the New Zealand Dollar (NZD) stood at PKR 156.93 and PKR 158.93. The Japanese Yen (JPY), often traded in bulk due to its lower unit value, was priced at PKR 1.85 buying and PKR 1.91 selling.
This overview of currency exchange rates underscores the necessity for businesses, importers, exporters, and travelers to stay abreast of market trends. Exchange rates remain pivotal in shaping economic strategies, particularly as Pakistan navigates its fiscal challenges amidst global economic uncertainties.