Karachi, December 26, 2024 – The currency exchange rates in Pakistan for December 27, 2024, highlight significant fluctuations in the open market as trade kicks off. These rates are crucial for businesses, importers, and travelers dealing in foreign currencies.
The US Dollar (USD) currency continues to be a focal point, with a buying rate of PKR 277.9 and a selling rate of PKR 279.4. The dollar’s steady demand reflects its influence on trade and remittance activities. Meanwhile, the Euro (EUR) currency stands firm, being traded at PKR 287.05 for buying and PKR 289.8 for selling.
The Saudi Riyal (SAR) currency and the U.A.E Dirham (AED) currency remain stable due to their close ties to Pakistan’s labor market abroad. The Riyal is available at PKR 73.8 for buying and PKR 74.35 for selling, while the Dirham is priced at PKR 75.4 and PKR 76.05, respectively. These currencies are critical for expatriates sending remittances back home.
Among the regional currencies, the Indian Rupee (INR) currency is valued at PKR 3.19 for buying and PKR 3.28 for selling, reflecting its relatively minor role in Pakistan’s exchange landscape. On the other hand, the Chinese Yuan (CNY), reflecting growing trade ties, is pegged at PKR 37.99 for buying and PKR 38.39 for selling.
The UK Pound Sterling (GBP), another strong currency, exhibits robust trading at PKR 346.25 for buying and PKR 349.75 for selling. Similarly, the Canadian Dollar (CAD) is priced at PKR 194.35 for buying and PKR 196.75 for selling, benefiting from Pakistan’s diverse trade and migration links with Canada.
Currencies from smaller trading partners, such as the Omani Riyal (OMR), show stability, trading at PKR 720 for buying and PKR 728.5 for selling. Meanwhile, the Japanese Yen (JPY) remains accessible at PKR 1.86 for buying and PKR 1.92 for selling.
These rates are subject to change based on market dynamics and global financial trends. As Pakistan’s economy navigates challenges like inflation and fluctuating reserves, the open market exchange rates remain a vital barometer of economic activity.
Disclaimer: The provided rates are indicative of market trends and may vary slightly during trading hours.