Karachi, October 26, 2024 – The latest foreign currency exchange rates in Pakistan indicate a dynamic start to the trading weekend, with various global currencies showing fluctuations against the Pakistani Rupee (PKR).
As of Saturday morning, the open market rates offer insights into both buying and selling rates for different international currencies, which are crucial for traders, businesses, and travelers alike.
In the current market, the US Dollar (USD) currency continues to be one of the most sought-after currencies, with a buying rate of PKR 277.2 and a selling rate of PKR 278.7. This rate reflects the USD’s consistent demand in both local and global markets, making it a strong currency for both investment and trade purposes.
Among other prominent currencies, the UK Pound Sterling (GBP) currency stands out with a buying rate of PKR 357.15 and a selling rate of PKR 360.65. The Euro (EUR) currency also maintains a significant presence in the market, trading at PKR 298.2 for buying and PKR 300.95 for selling, showing its stability within the European market despite ongoing global economic shifts.
In the Middle Eastern currency segment, the Kuwaiti Dinar (KWD) and the Bahraini Dinar (BHD) command notable positions due to their high values against the PKR. The KWD currency is trading at a buying rate of PKR 896.87 and a selling rate of PKR 906.37, making it one of the most valuable currencies in this market. Similarly, the Bahraini Dinar has a buying rate of PKR 731.21 and a selling rate of PKR 739.21, highlighting its stable demand.
Closer to Pakistan, the Indian Rupee (INR) shows a modest value, with a buying rate of PKR 3.34 and a selling rate of PKR 3.45, largely influenced by regional trade flows. Meanwhile, the Chinese Yuan (CNY) trades at a buying rate of PKR 38.88 and a selling rate of PKR 39.28, a reflection of the strong trade ties between Pakistan and China.
For those interested in other Asian currencies, the Japanese Yen (JPY) has a buying rate of PKR 1.92 and a selling rate of PKR 1.98, while the Thai Baht (THB) trades at PKR 8.15 for buying and PKR 8.3 for selling.
As always, currency values are subject to change based on global economic conditions and market demand, and individuals are encouraged to stay updated on fluctuations throughout the day. These exchange rates not only impact imports, exports, and remittances but also play a key role in Pakistan’s overall economic stability and foreign trade practices.