Karachi, January 9, 2025 – The open market in Pakistan reported the latest currency exchange rates on Thursday, reflecting fluctuations in the values of major international currencies against the Pakistani Rupee (PKR).
The US Dollar (USD) currency, a benchmark for many financial transactions, opened with a buying rate of PKR 278.75 and a selling rate of PKR 280.25. This stability in the USD-PKR exchange rate remains a critical factor influencing Pakistan’s import and export markets.
The Euro (EUR) currency, another widely used international currency, traded at PKR 289.50 for buying and PKR 292.25 for selling, reflecting its consistent demand in the market. Similarly, the UK Pound Sterling (GBP) currency, known for its premium value, was observed at PKR 348.50 for buying and PKR 352.00 for selling.
Among Middle Eastern currencies, the Saudi Riyal (SAR) recorded buying and selling rates of PKR 74.00 and PKR 74.55, respectively. The UAE Dirham (AED) closely followed, trading at PKR 75.65 for buying and PKR 76.30 for selling. These currencies hold significant relevance due to Pakistan’s strong trade and remittance ties with the Gulf region. The Kuwaiti Dinar (KWD), one of the most valuable currencies globally, traded at a notable PKR 896.05 for buying and PKR 905.55 for selling.
The Australian Dollar (AUD) and Canadian Dollar (CAD) were also actively traded, opening at PKR 174.25 (buying) and PKR 176.50 (selling) for the AUD and PKR 195.10 (buying) and PKR 197.50 (selling) for the CAD.
Asian currencies like the Japanese Yen (JPY) and Chinese Yuan (CNY) saw moderate activity. The JPY traded at PKR 1.77 for buying and PKR 1.83 for selling, while the CNY was exchanged at PKR 37.97 for buying and PKR 38.37 for selling.
The Omani Riyal (OMR) and Bahrain Dinar (BHD) also showed robust values, trading at PKR 721.25 and PKR 729.75 (OMR buying and selling) and PKR 736.85 and PKR 744.85 (BHD buying and selling).
These exchange rates are subject to daily fluctuations influenced by global economic trends, trade balances, and central bank policies. Market participants, including traders and consumers, are advised to monitor updates closely for real-time changes.