Karachi, December 28, 2024 – As the weekend trading commences, the currency exchange rates in Pakistan’s open market exhibit slight fluctuations, reflecting global economic trends and local demand dynamics.
The data below summarizes the buying and selling rates of prominent foreign currencies against the Pakistani Rupee (PKR) as of Saturday, December 28, 2024.
The US Dollar (USD) currency continues to trade at a significant value, with a buying rate of PKR 278 and a selling rate of PKR 279.50. This stability underscores its dominant role in international transactions and trade. Similarly, the Euro (EUR) maintains its strength with a buying rate of PKR 287.40 and a selling rate of PKR 290.15, mirroring recent stability in the Eurozone economy.
Among the Gulf currencies, the Saudi Riyal (SAR) currency and the UAE Dirham (AED) currency remain popular in the local exchange market. The SAR trades at PKR 73.80 for buying and PKR 74.35 for selling, while the AED is slightly higher, buying at PKR 75.40 and selling at PKR 76.05. The Kuwaiti Dinar (KWD) continues to be the most valuable currency, trading at PKR 896.56 for buying and PKR 906.06 for selling.
Asian currencies, including the Chinese Yuan (CNY) and the Japanese Yen (JPY), show moderate exchange values, with the CNY at PKR 37.99 for buying and PKR 38.39 for selling, and the JPY at PKR 1.86 for buying and PKR 1.92 for selling. The Indian Rupee (INR) remains the least valued currency in this segment, trading between PKR 3.19 and PKR 3.28.
The British Pound Sterling (GBP) remains robust against the PKR, trading at PKR 348.50 for buying and PKR 352.00 for selling, reflecting the UK’s ongoing economic resilience. Similarly, the Swiss Franc (CHF) shows stability, with rates at PKR 308.96 for buying and PKR 311.76 for selling.
Other notable currencies include the Australian Dollar (AUD), Canadian Dollar (CAD), and Singapore Dollar (SGD), which are traded at competitive rates. These currencies, alongside others in the list, highlight the diverse trading preferences in Pakistan’s open market.
Exchange rates remain pivotal for businesses, expatriates, and traders. Market participants are advised to stay updated as rates may fluctuate throughout the day due to varying global and local market conditions.
