Karachi, October 27, 2024 – The latest currency exchange rates for October 27, 2024, reflect the prevailing values in Pakistan’s open market. These rates can help travelers, business professionals, and investors understand the current buying and selling prices for various international currencies against the Pakistani Rupee (PKR). The following is a detailed update on some of the most traded currencies in Pakistan.
Major Currencies Overview
The U.S. Dollar (USD), a critical currency for both traders and travelers, is currently being bought at PKR 277.20 and sold at PKR 278.70. This slight adjustment follows recent fluctuations in global markets and has implications for importers and those engaged in dollar-denominated transactions.
For European transactions, the Euro (EUR) holds a significant position, with a buying rate of PKR 298.20 and a selling rate of PKR 300.95. Additionally, the British Pound (GBP), traditionally a strong currency in Pakistan’s foreign exchange due to high demand among importers, expatriates, and students, is currently being bought at PKR 357.15 and sold at PKR 360.65.
Regional Currencies
Several currencies from the Middle East, particularly the Gulf Cooperation Council (GCC) countries, remain in demand due to the high number of Pakistani expatriates. The Saudi Riyal (SAR) has a buying rate of PKR 73.60 and a selling rate of PKR 74.15, while the UAE Dirham (AED) stands at PKR 75.25 for buying and PKR 75.90 for selling. Both these currencies continue to be stable, reflecting strong demand as Pakistanis working abroad send remittances home. Similarly, the Kuwaiti Dinar (KWD), one of the highest-valued currencies, is being bought at PKR 896.87 and sold at PKR 906.37, reflecting its premium position.
Asia-Pacific Currencies
Among other regional currencies, the Chinese Yuan (CNY) is an important currency due to trade links between Pakistan and China. It is currently available for buying at PKR 38.88 and for selling at PKR 39.28. The Australian Dollar (AUD) and Canadian Dollar (CAD) are also notable, with the AUD buying at PKR 183.75 and selling at PKR 186, while the CAD stands at PKR 200.60 for buying and PKR 203 for selling.
Summary
These exchange rates provide a snapshot of the currency dynamics within Pakistan’s open market as of October 27, 2024. Shifts in these rates can impact the economy and are closely watched by various stakeholders. Importers, exporters, and individual travelers should monitor these rates regularly, as fluctuations can influence the costs associated with international transactions and travel plans. As the global financial landscape evolves, so too will these rates, underlining the importance of staying updated with the latest currency information.