Karachi, January 5, 2025: The currency exchange market in Pakistan reported its latest rates on Sunday, January 5, 2025. The rates are previous day’s closing as the open market remains closed today due to the Sunday holiday. These rates provide valuable insights for traders, businesses, and individuals engaged in foreign exchange transactions.
The US Dollar (USD), a key benchmark currency, recorded a buying rate of PKR 278.35 and a selling rate of PKR 279.85. Meanwhile, the Euro (EUR) was traded at PKR 287.25 for buying and PKR 290 for selling, reflecting its continued significance in international trade and finance. The British Pound Sterling (GBP), another prominent currency, remained robust at PKR 347 for buying and PKR 350.5 for selling.
Among regional currencies, the Saudi Riyal (SAR) was exchanged at PKR 73.9 buying and PKR 74.45 selling, while the UAE Dirham (AED) followed closely at PKR 75.5 and PKR 76.15 for buying and selling, respectively. The Indian Rupee (INR), with limited circulation, stood at PKR 3.19 buying and PKR 3.28 selling.
Other notable currencies included the Australian Dollar (AUD), traded at PKR 173.75 buying and PKR 176 selling, and the Canadian Dollar (CAD), recorded at PKR 194.1 and PKR 196.5. The Kuwaiti Dinar (KWD), known for its high value, was bought at PKR 893.35 and sold at PKR 902.85.
Asian currencies also saw moderate activity, with the Chinese Yuan (CNY) at PKR 37.99 buying and PKR 38.39 selling. The Japanese Yen (JPY) was relatively weaker, trading at PKR 1.78 buying and PKR 1.84 selling.
As global markets influence local currency values, fluctuations in exchange rates are driven by economic conditions, trade balances, and international monetary policies. Currency traders and import-export businesses closely monitor these rates to mitigate risks and optimize transactions.
The above rates reflect Saturday’s closing figures and are subject to change when trading resumes on Monday. Accurate and up-to-date exchange rates remain crucial for ensuring efficient financial operations and informed decision-making across sectors.