Karachi, November 10, 2024 – On Sunday, November 10, 2024, the currency exchange market in Pakistan has reported steady values for major global currencies against the Pakistani Rupee (PKR). These rates are based on the previous day’s close at the open market, providing insight for businesses, travelers, and currency traders tracking the rupee’s value in an evolving economic landscape.
The U.S. Dollar (USD) continues to be a focal currency, standing at a buying rate of PKR 277.3 and a selling rate of PKR 278.8. This stability in the dollar-to-rupee exchange rate has been observed despite minor fluctuations driven by regional trade and global financial conditions. For Pakistani exporters and importers, the consistent dollar rate provides a degree of predictability for their transactions.
In neighboring Gulf countries, the Bahraini Dinar (BHD) currency and the Kuwaiti Dinar (KWD) currency maintain their status as some of the highest-valued currencies. The Bahraini Dinar is at a buying rate of PKR 731.21 and a selling rate of PKR 739.21, while the Kuwaiti Dinar remains robust at a buying rate of PKR 895.85 and a selling rate of PKR 905.35. The strength of these currencies reflects their economic resilience, making them highly valued for Pakistani expatriates in the Gulf region sending remittances back home.
Among other prominent currencies, the British Pound Sterling (GBP) is being traded at PKR 357.45 for buying and PKR 360.95 for selling, while the Euro (EUR) currency has a buying rate of PKR 297.25 and a selling rate of PKR 300. Both the Euro and Pound continue to attract attention due to Pakistan’s strong trade and financial ties with the European Union and the United Kingdom.
In the Asia-Pacific region, the Chinese Yuan (CNY) and Japanese Yen (JPY) continue to play an essential role in regional trade. The Yuan is trading at PKR 38.58 for buying and PKR 38.98 for selling, while the Yen stands at PKR 1.92 for buying and PKR 1.98 for selling. Both currencies highlight the importance of China and Japan as key trading partners for Pakistan.
The Saudi Riyal (SAR) and UAE Dirham (AED), significant for Pakistani expatriates in the Middle East, stand at PKR 73.65 for buying and PKR 74.2 for selling (SAR), and PKR 75.35 for buying and PKR 76 for selling (AED). These steady exchange rates reflect ongoing labor mobility and remittance inflows.
Overall, these exchange rates provide critical insights for individuals and businesses engaged in international trade, travel, and financial transactions, underscoring the importance of global currency fluctuations for Pakistan’s economic stakeholders.
