Karachi, December 2, 2024 – The foreign exchange currency market opened on Monday with updated currency exchange rates in Pakistan. The figures provided reflect buying and selling prices for major currencies in the open market, highlighting trends for investors and traders alike.
The US Dollar (USD) currency continues to hold a pivotal position in Pakistan’s economy, with buying and selling rates at PKR 277.6 and PKR 279.1, respectively. The dollar’s performance often sets the tone for other currencies in the region.
Among Middle Eastern currencies, the Saudi Riyal (SAR) and U.A.E. Dirham (AED) showed steady values, with SAR buying at PKR 73.65 and selling at PKR 74.2, while AED currency hovered around PKR 75.35 for buying and PKR 76 for selling. The Kuwaiti Dinar (KWD), known for its high value, remained the most expensive, trading between PKR 892.75 (buying) and PKR 902.25 (selling).
Asian currencies like the Japanese Yen (JPY) and Chinese Yuan (CNY) maintained relatively stable rates. The Yen traded at PKR 1.83 for buying and PKR 1.89 for selling, whereas the Yuan stood at PKR 38.58 for buying and PKR 38.98 for selling. These currencies reflect moderate but consistent demand in regional trade.
The Euro (EUR), a strong contender in the market, was bought at PKR 291.3 and sold at PKR 294.05. Meanwhile, the British Pound Sterling (GBP) remained among the highest-priced currencies, with rates of PKR 349.5 for buying and PKR 353 for selling.
In the Oceania region, the Australian Dollar (AUD) and New Zealand Dollar (NZD) showed slight variances, with AUD buying at PKR 180 and selling at PKR 182.25, and NZD trading at PKR 160.03 and PKR 162.03.
These currency rates reflect market trends influenced by global economic conditions, local monetary policies, and the ongoing demand for foreign exchange in Pakistan. Traders and businesses closely monitor such changes to strategize their financial moves.
As the week progresses, further fluctuations in currency rates could occur based on geopolitical developments and domestic economic adjustments. Market participants are advised to stay updated to manage risks effectively.
Note: These rates are indicative and may vary across different money exchangers.