Karachi, January 30, 2025 – The currency exchange market in Pakistan opened on Thursday, January 30, 2025, with fluctuating rates across various foreign currencies.
The Pakistani Rupee (PKR) witnessed marginal variations against major global currencies, reflecting ongoing economic trends and international market dynamics.
The exchange rate of the US Dollar (USD) currency stood at 279.3 for buying and 280.8 for selling. A stable dollar rate indicates relative steadiness in Pakistan’s forex market, despite external pressures. Similarly, the Euro (EUR) currency was being bought at 291 and sold at 293.75, marking a slight shift from the previous trading session.
Among the Gulf currencies, the Saudi Riyal (SAR) currency remained firm at 74.2 for buying and 74.75 for selling, while the UAE Dirham (AED) currency opened at 75.9 and was available at 76.55 for selling. Meanwhile, the Kuwaiti Dinar (KWD), one of the strongest currencies, was trading at 896.3 for buying and 905.8 for selling. Similarly, the Omani Riyal (OMR) stood at 722.9 for buying and 731.4 for selling.
In the Asian market, the Chinese Yuan (CNY) was trading at 37.59 for buying and 37.99 for selling, reflecting stable trade relations between Pakistan and China. The Indian Rupee (INR), however, remained lower at 3.14 for buying and 3.23 for selling. Meanwhile, the Japanese Yen (JPY) was valued at 1.81 for buying and 1.87 for selling.
European currencies experienced mixed trends, with the British Pound Sterling (GBP) being bought at 347.5 and sold at 351, demonstrating its strength in the global forex market. The Swiss Franc (CHF), another strong performer, was available at 303.71 for buying and 306.51 for selling.
The Canadian Dollar (CAD) was trading at 194.1 for buying and 196.5 for selling, while the Australian Dollar (AUD) stood at 174.75 and 177 for buying and selling, respectively. The New Zealand Dollar (NZD) also saw movement at 156.31 for buying and 158.31 for selling.
Forex market analysts suggest that global economic conditions, inflationary trends, and trade balances play a crucial role in shaping these exchange rates. The Pakistani Rupee’s performance against these currencies will be closely monitored as investors and businesses adjust their strategies accordingly.
Disclaimer: Exchange rates are subject to fluctuations and may vary throughout the trading day.