Karachi, January 7, 2025 – The currency exchange market in Pakistan experienced varied shifts at the start of trading on Tuesday, January 7, 2025. These rates reflect the buying and selling values for major foreign currencies in the open market.
The Pakistani Rupee (PKR) showed a modest depreciation against key international currencies. The Australian Dollar (AUD) was trading at 173.75 PKR for buying and 176 PKR for selling, reflecting a slight increase compared to recent days. Similarly, the Bahrain Dinar (BHD) stood at 736.4 PKR for buying and 744.4 PKR for selling, signaling a strong exchange rate for this Middle Eastern currency.
The Canadian Dollar (CAD) was priced at 194.1 PKR for buying and 196.5 PKR for selling. Meanwhile, the Euro (EUR) continued its upward trend with a buying rate of 288.75 PKR and a selling rate of 291.5 PKR, showing the ongoing demand for the European currency amidst the global economic landscape.
Asian currencies showed varying trends. The Chinese Yuan (CNY) was bought at 37.97 PKR and sold at 38.37 PKR. The Indian Rupee (INR) was traded at 3.19 PKR for buying and 3.28 PKR for selling, with a slight fluctuation compared to recent rates. The Japanese Yen (JPY) was priced at 1.78 PKR for buying and 1.84 PKR for selling, maintaining stability.
Notably, Gulf currencies remained steady in the market. The Kuwaiti Dinar (KWD) was listed at 895.5 PKR for buying and 905 PKR for selling, while the Omani Riyal (OMR) was available for 720.75 PKR for buying and 729.25 PKR for selling. Similarly, the Qatari Riyal (QAR) stood at 75.86 PKR for buying and 76.56 PKR for selling.
The US Dollar (USD) remained the most significant foreign currency in the Pakistani market, with the buying price at 278.5 PKR and selling price at 280 PKR, marking a stable demand for the dollar as global trade continues to influence the market.
Smaller currencies like the Malaysian Ringgit (MYR) and Thai Baht (THB) were also noted, with the MYR valued at 61.27 PKR for buying and 61.87 PKR for selling, while the Thai Baht was priced at 7.95 PKR for buying and 8.1 PKR for selling.
In conclusion, the currency market in Pakistan is experiencing gradual shifts, influenced by both regional and global economic factors. Traders and businesses alike will be closely monitoring these rates as they impact import-export activities and international transactions.