Karachi, January 13, 2025 – The foreign currency exchange market in Pakistan opened with steady trading on Monday, January 13, 2025. The following exchange rates were observed for various currencies in the open market.
The US Dollar (USD), a critical benchmark currency for international trade and domestic financial transactions, was being bought at 278.75 PKR and sold at 280.25 PKR, indicating stable movement compared to the previous session.
Meanwhile, the Euro (EUR) was quoted at 288.75 PKR for buying and 291.50 PKR for selling, reflecting its strong presence as a popular reserve currency globally. The UK Pound Sterling (GBP) maintained its premium status, trading at 344.50 PKR for buying and 348.00 PKR for selling, a noteworthy spread that shows its consistent demand in the market.
Among regional currencies, the Saudi Riyal (SAR) and UAE Dirham (AED), often utilized for remittances and business transactions in the Gulf, were observed trading at 74.00 PKR and 75.65 PKR, respectively, on the buying side, while their selling rates stood at 74.55 PKR and 76.30 PKR.
Asian currencies also held their ground. The Chinese Yuan (CNY) was exchanged at 37.97 PKR for buying and 38.37 PKR for selling, reflecting growing bilateral trade activity between Pakistan and China. The Japanese Yen (JPY) traded at 1.77 PKR for buying and 1.83 PKR for selling.
The Kuwaiti Dinar (KWD) continued to lead the high-value currency category with buying and selling rates of 896.65 PKR and 906.15 PKR, respectively. Similarly, the Omani Riyal (OMR) and Bahrain Dinar (BHD) showcased their stability, being traded at 721.75 PKR and 737.40 PKR for buying, and 730.25 PKR and 745.40 PKR for selling, respectively.
Currency fluctuations play a vital role in shaping Pakistan’s economic landscape, particularly as the country heavily relies on imports and foreign debt servicing. Monitoring exchange rates closely is essential for businesses, travelers, and remittance receivers alike, given their influence on the cost of goods, services, and financial stability.
The currency market’s performance today serves as a reminder of its integral role in daily economic activities, emphasizing the need for strategic planning and informed decision-making for all stakeholders.