KARACHI: The currency exchange rates in Pakistan for Thursday, October 24, 2024, showed varying trends as trading began in the open market. The rates, reflecting global economic conditions and local demand, continue to influence a broad range of financial decisions, from international trade to personal remittances.
Among the major currencies, the US Dollar (USD) currency remained strong, with the buying rate at PKR 277.30 and the selling rate at PKR 278.80. This stability reflects ongoing demand for the dollar amidst global economic fluctuations.
The Euro (EUR) currency saw some movement, with its buying rate at PKR 297.55 and selling at PKR 300.30, highlighting a continued interest in the European currency for international trade and investment. Similarly, the British Pound Sterling (GBP) remains one of the highest-valued currencies against the Pakistani Rupee (PKR), with buying and selling rates standing at PKR 357.75 and PKR 361.25, respectively.
The Gulf currencies also displayed steady exchange rates, with the Saudi Riyal (SAR) being bought at PKR 73.55 and sold at PKR 74.10, and the UAE Dirham (AED) showing a buying rate of PKR 75.25 and a selling rate of PKR 75.90. The Omani Riyal (OMR) and Kuwaiti Dinar (KWD), known for their high value, were bought at PKR 716.62 and PKR 898.63, respectively, with selling prices of PKR 725.12 and PKR 908.13.
Among other notable currencies, the Australian Dollar (AUD) was being bought at PKR 185.25 and sold at PKR 187.63, while the Canadian Dollar (CAD) showed a buying rate of PKR 200.67 and selling rate of PKR 203.07. The Japanese Yen (JPY), although lower in value compared to others, remained consistent with a buying rate of PKR 1.92 and selling at PKR 1.98.
The Chinese Yuan (CNY) saw minor fluctuations with buying and selling rates at PKR 38.88 and PKR 39.28, reflecting the growing trade ties between China and Pakistan.
Overall, the open market exchange rates indicate a mix of stability and slight fluctuations across various currencies. These trends are influenced by global economic factors, including inflation, trade policies, and geopolitical developments, making currency exchange rates a critical aspect for businesses and individuals dealing with foreign currencies.
For the most accurate and up-to-date information, individuals and businesses are advised to consult authorized currency exchange dealers or financial institutions.