Karachi, January 21, 2025 – The State Bank of Pakistan (SBP) has announced the latest currency exchange rates for Tuesday, January 21, 2025. These rates reflect the weighted average exchange values being used by commercial banks for transactions with their clients.
The currency rates provided by the SBP serve as a guideline for businesses, travelers, and individuals involved in foreign exchange dealings. It is important to note that these currency rates are indicative and may vary slightly depending on individual commercial banks’ offerings.
The SBP emphasized that the currency data is disseminated purely for informational purposes and is compiled from exchange rate sheets issued by various commercial banks across Pakistan. These sheets offer insights into the exchange rates applied to different currencies for buying and selling transactions in the country.
In the ever-fluctuating global market, currency plays a vital role in trade, investment, and personal financial planning. The USD remains one of the most actively traded currencies in Pakistan, with today’s rates indicating a buying value of PKR 278.61 and a selling value of PKR 279.04. Similarly, the currency of the United Arab Emirates (AED) remains in high demand, with buying and selling rates at PKR 75.85 and PKR 75.96, respectively.
European currencies also hold significant importance in the local economy. The Euro (EUR) is being bought at PKR 289.19 and sold at PKR 289.64. Likewise, the British Pound (GBP) continues to show strength, with a buying rate of PKR 342.13 and a selling rate of PKR 342.68.
Among regional currencies, the Chinese Yuan (CNY) is increasingly relevant for trade, with buying and selling rates at PKR 38.32 and PKR 38.37, respectively. Meanwhile, the Saudi Riyal (SAR), a crucial currency for workers and pilgrims, is being traded at PKR 74.26 (buying) and PKR 74.37 (selling).
Currency fluctuations can have a significant impact on imports, exports, and overall economic activity. Staying updated on exchange rates is essential for making informed decisions, whether you are a business entity, an investor, or an individual traveler. The SBP continues to monitor currency trends to ensure stability in the financial market.