Karachi, December 30, 2024 – The following currency exchange rates represent the buying and selling prices for various currencies in Pakistan on Tuesday, December 31, 2024, as trading begins in the open market.
The US Dollar currency remains a key benchmark, opening at a buying rate of PKR 278.05 and a selling rate of PKR 279.55. This steady value underscores the ongoing stabilization efforts by the State Bank of Pakistan amidst fluctuating market conditions globally.
The Euro currency, another significant currency in trade and remittances, is valued at PKR 288.75 for buying and PKR 291.50 for selling. Similarly, the British Pound Sterling, a critical currency for overseas Pakistanis, is trading at PKR 348.20 for buying and PKR 351.70 for selling.
Among the Gulf currencies, the Saudi Riyal currency and the UAE Dirham remain crucial due to the volume of remittances from Pakistani expatriates in these countries. The Saudi Riyal opened at PKR 73.80 for buying and PKR 74.35 for selling, while the UAE Dirham stands at PKR 75.45 for buying and PKR 76.10 for selling.
Asian currencies also show varied trends. The Chinese Yuan opened at PKR 37.99 for buying and PKR 38.39 for selling, reflecting the ongoing trade dynamics between the two nations. Meanwhile, the Japanese Yen is at PKR 1.86 for buying and PKR 1.92 for selling.
Other notable currencies include the Australian Dollar, opening at PKR 174.75 for buying and PKR 177.00 for selling, and the Canadian Dollar at PKR 194.60 for buying and PKR 197.00 for selling.
Currencies from smaller economies, such as the Thai Baht and Malaysian Ringgit, also feature modest fluctuations. The Thai Baht is trading at PKR 8.00 for buying and PKR 8.15 for selling, while the Malaysian Ringgit is at PKR 61.63 for buying and PKR 62.23 for selling.
These rates reflect current market conditions and may fluctuate throughout the day based on demand, supply, and geopolitical developments. For the latest updates, consult authorized exchange dealers or financial institutions.
As 2024 draws to a close, exchange rates remain a critical barometer of Pakistan’s economic resilience, influenced by global economic trends and local monetary policies.