Karachi, October 19, 2024 – The open market currency exchange rates in Pakistan saw fluctuations at the start of trading on Saturday, October 19, 2024.
The buying and selling of currency exchange rates of various international currencies against the Pakistani Rupee (PKR) are reflective of the ongoing shifts in the global financial landscape, with some currencies showing notable stability while others indicate volatility in the market.
The US Dollar (USD) currency remains a focal point for most traders and businesses, with a buying rate of PKR 277.75 and a selling rate of PKR 279.25. The USD continues to hover around these values, driven by steady demand in the local market. Similarly, the Saudi Riyal (SAR), important for Pakistani expatriates in the Middle East, has maintained its position at PKR 73.55 for buying and PKR 74.10 for selling.
The Euro (EUR) currency, which had seen an upward trend recently, is now being bought at PKR 300.95 and sold at PKR 303.70, reflecting its strengthening against the PKR. Meanwhile, the British Pound Sterling (GBP) remains one of the most expensive currencies to trade in Pakistan, with buying and selling rates standing at PKR 360.40 and PKR 363.90, respectively.
The Canadian Dollar (CAD) currency is experiencing moderate demand, with a buying rate of PKR 201.65 and a selling rate of PKR 204.05. The Australian Dollar (AUD), popular in Pakistan due to trade and immigration ties, is being traded at PKR 185.25 for buying and PKR 187.50 for selling.
Currencies from the Middle East also continue to play a significant role in the local market. The Kuwaiti Dinar (KWD) currency, which is consistently one of the highest-valued currencies globally, is being bought at PKR 896.87 and sold at PKR 906.37. The Omani Riyal (OMR) stands at PKR 715.20 for buying and PKR 723.70 for selling, while the Qatari Riyal (QAR) is being traded at PKR 76.24 for buying and PKR 76.94 for selling.
Asian currencies such as the Chinese Yuan (CNY) and the Japanese Yen (JPY) also remain active, with the Yuan being bought at PKR 38.88 and sold at PKR 39.28, while the Yen trades at PKR 1.92 for buying and PKR 1.98 for selling.
With ongoing global economic shifts and local market conditions, traders in Pakistan will be closely monitoring these rates to make informed decisions on currency exchanges.