Currency Exchange Rates in Pakistan – January 16, 2025

Currency Exchange Rates in Pakistan – January 16, 2025

Karachi, January 16, 2025 – The open market currency exchange rates in Pakistan commenced trade today with fluctuations across major global currencies. Traders and investors observed mixed trends in the buying and selling prices of several currencies, reflecting the dynamics of international markets and domestic demand.

The US Dollar (USD) remains a pivotal currency in the market, opening at a buying rate of PKR 279.2 and a selling rate of PKR 280.7. Its stable demand among importers and exporters continues to influence market activity. Similarly, the Euro (EUR) started the day with buying at PKR 287.75 and selling at PKR 290.5, marking it as one of the higher-value currencies in trade today.

In the Middle Eastern segment, the Kuwaiti Dinar (KWD) currency maintained its position as the highest-valued currency, trading at PKR 896.3 for buying and PKR 905.8 for selling. The Omani Riyal (OMR) and Bahraini Dinar (BHD) also showed strong rates, standing at PKR 723 and PKR 738.6, respectively, for buying.

Among Asian currencies, the Chinese Yuan (CNY) opened at PKR 37.97 for buying and PKR 38.37 for selling. The Indian Rupee (INR), though weaker, showed a marginal increase, trading at PKR 3.12 for buying and PKR 3.21 for selling. Meanwhile, the Japanese Yen (JPY) remained consistent at PKR 1.78 for buying and PKR 1.84 for selling.

The British Pound Sterling (GBP) retained its strength, trading at PKR 341.5 for buying and PKR 345 for selling. This reflects ongoing demand from foreign exchange markets, with particular interest from investors dealing with UK imports.

The Saudi Riyal (SAR) and UAE Dirham (AED), commonly used by Pakistani expatriates for remittances, remained stable at PKR 74.1 and PKR 75.75 for buying, respectively. Both currencies play a significant role in sustaining inflows from Gulf Cooperation Council (GCC) nations.

Traders are closely monitoring the market amid expectations of further fluctuations influenced by global economic conditions and domestic monetary policies. With the Pakistani Rupee under pressure, exchange rates are expected to remain a crucial factor for both businesses and consumers in the coming days.

Currency trends will be updated throughout the day, reflecting real-time changes in the market. For accurate rates and forecasts, individuals are advised to consult with authorized dealers and financial institutions.