Karachi, November 15, 2024 – The currency exchange market in Pakistan witnessed fluctuating rates as trading began this Friday. These rates, indicative of the open market, show varying trends across major foreign currencies against the Pakistani Rupee (PKR).
The US Dollar (USD) currency, the benchmark for international trade, opened with a buying rate of PKR 277.40 and a selling rate of PKR 278.90. The Euro (EUR) followed suit, trading between PKR 290.85 for buying and PKR 293.60 for selling. Meanwhile, the British Pound Sterling (GBP) currency held its robust position at PKR 349.55 for buying and PKR 353.05 for selling.
In the Gulf region, the Saudi Riyal (SAR) maintained its demand, trading at PKR 73.65 for buying and PKR 74.20 for selling. Similarly, the UAE Dirham (AED) currency stood firm, exchanging at PKR 75.35 for buying and PKR 76.00 for selling. The Kuwaiti Dinar (KWD), known for its strength, was priced at PKR 894.99 for buying and PKR 904.49 for selling.
Asian currencies like the Chinese Yuan (CNY) currency traded at PKR 38.58 for buying and PKR 38.98 for selling, while the Japanese Yen (JPY) saw lower activity, standing at PKR 1.92 for buying and PKR 1.98 for selling. The Indian Rupee (INR), reflecting regional trends, traded between PKR 3.34 and PKR 3.45.
The Australian Dollar (AUD) currency and Canadian Dollar (CAD) currency showed steady rates at PKR 181.25 and PKR 198.16 for buying, with selling rates at PKR 181.43 and PKR 200.56, respectively. The New Zealand Dollar (NZD) was noted at PKR 163.14 for buying and PKR 165.14 for selling.
Among other currencies, the Swiss Franc (CHF) demonstrated strength at PKR 311.45 for buying and PKR 314.25 for selling. The Malaysian Ringgit (MYR) and Thai Baht (THB) were traded at PKR 62.50 and PKR 7.93 for buying, respectively.
These rates are indicative and subject to change based on market dynamics and demand. Exchange rates in the interbank market may vary from the open market, impacting international trade, remittances, and local business transactions.
