Karachi, October 20, 2024 – The currency exchange rates in Pakistan for Sunday, October 20, 2024, reflect the closing figures from the previous day’s open market session, as the market remains closed today due to the weekly holiday. Pakistan’s foreign exchange market sees fluctuations in various currencies, including the US Dollar, British Pound, Euro, and several regional currencies.
The US Dollar (USD) currency, one of the most closely watched currencies in the market, closed at a buying rate of PKR 277.75 and a selling rate of PKR 279.25. This represents steady demand as the greenback continues to serve as a key benchmark in the global economy.
The British Pound Sterling (GBP) currency showed strength against the Pakistani Rupee (PKR) as well, closing at a buying rate of PKR 360.40 and a selling rate of PKR 363.90. Similarly, the Euro (EUR) traded at PKR 300.95 for buying and PKR 303.70 for selling.
Regional currencies like the Saudi Riyal (SAR) and the United Arab Emirates Dirham (AED) currency remain essential for Pakistan due to the significant expatriate workforce in the Gulf countries. The currency Saudi Riyal traded at PKR 73.55 for buying and PKR 74.10 for selling, while the UAE Dirham was priced at PKR 75.25 for buying and PKR 75.90 for selling.
The Australian Dollar (AUD) currency was bought at PKR 185.25 and sold at PKR 187.50, while the Canadian Dollar (CAD) traded at PKR 201.65 for buying and PKR 204.05 for selling. The New Zealand Dollar (NZD) saw a buying rate of PKR 170.21 and a selling rate of PKR 178.21.
Currencies from Asia, including the Chinese Yuan (CNY), were traded at PKR 38.88 for buying and PKR 39.28 for selling. The Japanese Yen (JPY) maintained a low profile in the market, being bought at PKR 1.92 and sold at PKR 1.98.
Middle Eastern currencies such as the Kuwaiti Dinar (KWD) and the Omani Riyal (OMR) showed significant strength. The Kuwaiti Dinar was bought at PKR 896.87 and sold at PKR 906.37, while the Omani Riyal traded at PKR 715.20 for buying and PKR 723.70 for selling.
In conclusion, Pakistan’s foreign exchange market continues to reflect a variety of global and regional influences, with the US Dollar, Euro, and Gulf currencies maintaining a strong presence. With economic pressures and international trade dynamics, these rates are crucial for importers, exporters, and remittance receivers across the country.