Karachi, January 6, 2025 – The currency exchange rates for major foreign currencies against the Pakistani Rupee (PKR) were announced as trading commenced in the open market on Monday.
The US Dollar currency remained the most closely watched currency, with its buying rate at PKR 278.35 and selling rate at PKR 279.85. The UK Pound Sterling currency stood significantly higher, with buying at PKR 347 and selling at PKR 350.5, reflecting its strong position in the global market.
Among other notable currencies, the Euro opened at a buying rate of PKR 287.25 and a selling rate of PKR 290, while the Canadian Dollar currency was traded at PKR 194.1 for buying and PKR 196.5 for selling. The Australian Dollar was available at PKR 173.75 for buying and PKR 176 for selling.
In the Gulf region, the Saudi Riyal and UAE Dirham continued to be key currencies due to their regional significance. The Saudi Riyal opened at PKR 73.9 for buying and PKR 74.45 for selling, whereas the UAE Dirham was priced at PKR 75.5 for buying and PKR 76.15 for selling. The Kuwaiti Dinar, one of the strongest currencies globally, was traded at PKR 893.35 for buying and PKR 902.85 for selling.
Asian currencies also saw notable activity. The Chinese Yuan was traded at PKR 37.99 for buying and PKR 38.39 for selling, while the Japanese Yen stood at PKR 1.78 for buying and PKR 1.84 for selling. The Indian Rupee, often monitored for regional economic trends, opened at PKR 3.19 for buying and PKR 3.28 for selling.
Other key currencies included the Swiss Franc at PKR 307.08 for buying and PKR 309.88 for selling, the Singapore Dollar at PKR 204 for buying and PKR 206 for selling, and the Omani Riyal at PKR 720.25 for buying and PKR 728.75 for selling.
The exchange rates indicate the trends in the international market and provide insight into the strength of the Pakistani Rupee. With ongoing economic developments, fluctuations in these rates are expected, impacting trade, remittances, and investments. Traders, businesses, and individuals engaged in foreign transactions are advised to stay updated with the latest rates.
For real-time updates, monitoring the open market remains crucial as fluctuations can occur during the trading day.