Karachi, November 27, 2024 – The currency exchange market in Pakistan opened on Wednesday, November 27, 2024, with notable fluctuations in rates observed across major global currencies. The rates, set at the start of trading, indicate the buying and selling prices for key foreign currencies in the local market.
The US Dollar (USD) continues to dominate the market, with a buying rate of PKR 277.30 and a selling rate of PKR 278.90. The exchange rate reflects minor stability compared to previous weeks, though traders are keeping a close watch on global trends and domestic economic policies.
The Euro (EUR) remained one of the highest-valued currencies, trading at PKR 289.00 for buying and PKR 291.75 for selling. Similarly, the British Pound Sterling (GBP) maintained its strength, with rates at PKR 346.15 for buying and PKR 349.65 for selling.
Among Gulf currencies, the Kuwaiti Dinar (KWD) stood out as the most valuable, with a buying rate of PKR 892.75 and a selling rate of PKR 902.25. The Saudi Riyal (SAR) and UAE Dirham (AED), which are frequently used in remittances, traded at PKR 73.65 and PKR 75.35 for buying, respectively, with corresponding selling rates of PKR 74.20 and PKR 76.00.
Asian currencies also showcased varying trends. The Chinese Yuan (CNY) opened at PKR 38.58 for buying and PKR 38.98 for selling, reflecting China’s significant trade ties with Pakistan. Meanwhile, the Japanese Yen (JPY) traded at PKR 1.81 for buying and PKR 1.87 for selling.
From the Oceanic region, the Australian Dollar (AUD) and New Zealand Dollar (NZD) traded at PKR 180.25 and PKR 160.03 for buying, with selling rates of PKR 182.50 and PKR 162.03, respectively.
Other noteworthy currencies include the Canadian Dollar (CAD) at PKR 197.60 for buying and PKR 200.00 for selling, as well as the Swiss Franc (CHF), which saw robust activity at PKR 311.45 for buying and PKR 314.25 for selling.
These rates are subject to fluctuations based on demand, international trade, and economic developments. Traders and individuals dealing in foreign exchange are advised to stay updated with real-time market movements for accurate transactions.
