Karachi, January 4, 2025 – The open market in Pakistan started trading on Saturday with mixed trends observed in currency exchange rates. The fluctuations reflect market dynamics influenced by global economic factors and local demand.
The US Dollar (USD) maintained its position as the primary foreign currency in trade, opening at a buying rate of PKR 278.35 and selling at PKR 279.85. This marks a steady performance amidst ongoing international market adjustments.
The Euro (EUR) exhibited a stable trend, trading at a buying rate of PKR 287.25 and a selling rate of PKR 290. Similarly, the UK Pound Sterling (GBP) showed its usual strength, opening at PKR 347 for buying and PKR 350.5 for selling.
Among Gulf currencies, the Kuwaiti Dinar (KWD) remained the highest-valued currency, starting at PKR 893.35 for buying and reaching PKR 902.85 for selling. The Saudi Riyal (SAR) and UAE Dirham (AED) also displayed steady figures, with the former trading at PKR 73.9 for buying and PKR 74.45 for selling, while the latter was exchanged at PKR 75.5 for buying and PKR 76.15 for selling.
Asian currencies showed relatively minor movements. The Japanese Yen (JPY) was traded at PKR 1.78 for buying and PKR 1.84 for selling, reflecting its typical valuation trend. The Chinese Yuan (CNY) opened at PKR 37.99 for buying and PKR 38.39 for selling, showcasing its growing influence in the regional market.
Commodity-based currencies such as the Australian Dollar (AUD) and Canadian Dollar (CAD) continued to reflect the global commodity price impacts. The AUD opened at PKR 173.75 for buying and PKR 176 for selling, while the CAD started trading at PKR 194.1 and PKR 196.5 for buying and selling, respectively.
Market analysts suggest that exchange rates are likely to remain volatile due to fluctuating international oil prices and regional geopolitical developments. The exchange rates presented are subject to change based on daily trading activities and central bank interventions.
Citizens and businesses dealing in foreign currencies are advised to monitor the market closely for the latest updates and consult authorized currency exchange dealers for accurate rates. The consistent performance of major currencies underscores the critical role of foreign exchange in Pakistan’s economic stability.