Karachi, November 21, 2024 – The open market began trade on Thursday with a diverse array of currency exchange rates that continue to shape Pakistan’s economic landscape.
As international currencies fluctuate against the Pakistani Rupee (PKR), traders and businesses keep a close watch on the exchange rates for strategic decisions.
The US Dollar (USD) currency remains a focal point in the market, with a buying rate of PKR 277.60 and a selling rate of PKR 279.10. The UK Pound Sterling (GBP) currency also holds significant value at PKR 349.55 for buying and PKR 353.05 for selling, reflecting its continued strength in the international market.
The Euro (EUR) stands at PKR 290.85 for buying and PKR 293.60 for selling, maintaining its position as a key currency for trade and investments. Meanwhile, regional currencies like the UAE Dirham (AED) and the Saudi Riyal (SAR) are trading at PKR 75.35 and PKR 73.65 for buying, respectively, with slight premiums for selling.
Among Asian currencies, the Chinese Yuan (CNY) is trading at PKR 38.58 for buying and PKR 38.98 for selling, showcasing its influence on Pakistan’s trade dynamics. Similarly, the Japanese Yen (JPY) is trading between PKR 1.92 and PKR 1.98, highlighting its relatively stable value against the PKR.
For Gulf currencies, the Kuwaiti Dinar (KWD) remains one of the highest-valued currencies, trading at PKR 894.99 for buying and PKR 904.49 for selling. The Bahraini Dinar (BHD) and Omani Riyal (OMR) also reflect their strong standing at PKR 731.21 and PKR 715.66 for buying, respectively.
Other noteworthy currencies include the Canadian Dollar (CAD) at PKR 198.16 for buying and the Australian Dollar (AUD) at PKR 181.25. The Swiss Franc (CHF), a popular reserve currency, is trading at PKR 311.45 for buying and PKR 314.25 for selling.
These rates provide a snapshot of the evolving currency market, influenced by global economic conditions, local demand, and international trade flows. Investors, travelers, and businesses must stay updated on these trends to make informed financial decisions.
Note: Exchange rates are subject to fluctuation based on market activity throughout the day.
