Karachi, September 15, 2024 – The currency exchange rates for Sunday, September 15, 2024, in Pakistan reflect the previous day’s closing prices, as the open market remains closed on Sundays. These rates offer a snapshot of foreign exchange values and help individuals and businesses in making decisions regarding currency exchange.
The demand for foreign currencies in Pakistan continues to fluctuate due to various factors such as import requirements, remittances, and international trade. Moreover, the performance of the Pakistani rupee is highly influenced by inflation, foreign reserves, and broader geopolitical developments, all of which contribute to daily shifts in the exchange rates.
As of the previous trading day, the US Dollar (USD) currency was valued at Rs278.90 for buying and Rs280.75 for selling, reflecting the ongoing demand in the local market. The Euro (EUR) currency stood at Rs307.90 for buying and Rs310.65 for selling, while the British Pound (GBP) reached Rs364.60 for buying and Rs368.10 for selling. These major currencies are often seen as safe havens for investors, contributing to their high demand.
The Australian Dollar (AUD) traded at Rs186.25 for buying and Rs188.50 for selling. Other significant currencies include the Canadian Dollar (CAD) at Rs205.60 for buying and Rs208.00 for selling, and the Chinese Yuan (CNY) at Rs38.25 for buying and Rs38.65 for selling, reflecting strong trade relations between Pakistan and China.
Among Middle Eastern currencies, the Kuwaiti Dinar (KWD) remains one of the highest valued, trading at Rs901.85 for buying and Rs911.35 for selling, while the Saudi Riyal (SAR) is traded at Rs74.08 for buying and Rs74.63 for selling. The UAE Dirham (AED) stood at Rs75.70 for buying and Rs76.35 for selling, indicating a steady demand from overseas Pakistanis residing in the Gulf region.
The Omani Riyal (OMR) was quoted at Rs722.40 for buying and Rs730.90 for selling, while the Qatari Riyal (QAR) stood at Rs76.44 for buying and Rs77.14 for selling. These currencies are often sought after by expatriates working in the Middle East.
The exchange rates, which are subject to daily market fluctuations, depend heavily on supply and demand, as well as external market trends. It is essential to confirm the latest rates with local exchange centers before conducting transactions, as they may vary from one provider to another.
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