Karachi, November 29, 2024 – Pakistan’s currency exchange market began Friday’s trading with fluctuations in rates across various foreign currencies. These rates, reflecting the dynamics of the open market, are significant for importers, exporters, and travelers managing international transactions or planning overseas trips.
The US Dollar (USD), a pivotal currency in Pakistan’s trade, was quoted at a buying rate of PKR 277.6 and a selling rate of PKR 279.1, showing stability amid volatile global markets. The British Pound Sterling (GBP) traded higher, with a buying rate of PKR 349.5 and a selling rate of PKR 353, maintaining its position as one of the strongest currencies against the Pakistani Rupee.
The Euro (EUR) continued its firm trajectory, trading at PKR 291.3 for buying and PKR 294.05 for selling, while the Canadian Dollar (CAD) stood at PKR 198.1 and PKR 200.5, reflecting its steady performance in recent weeks. Among Gulf currencies, the Kuwaiti Dinar (KWD) remained the highest-valued currency in the market, trading at PKR 892.75 for buying and PKR 902.25 for selling, followed by the Omani Riyal (OMR) at PKR 715.5 and PKR 724.
The Chinese Yuan (CNY), a currency of growing importance due to Pakistan’s trade ties with China, was quoted at PKR 38.58 for buying and PKR 38.98 for selling. Meanwhile, the Saudi Riyal (SAR) and UAE Dirham (AED), popular among Pakistani expatriates in the Middle East, were recorded at PKR 73.65 and PKR 75.35 for buying, respectively, and PKR 74.2 and PKR 76 for selling.
Asian currencies also displayed mixed trends, with the Japanese Yen (JPY) at PKR 1.83 for buying and PKR 1.89 for selling, while the Indian Rupee (INR) was quoted at PKR 3.34 and PKR 3.45.
Other notable currencies included the Swiss Franc (CHF), trading at PKR 311.45 for buying and PKR 314.25 for selling, and the Australian Dollar (AUD) at PKR 180 and PKR 182.25.
These rates are subject to fluctuations throughout the trading day based on market demand, supply, and global economic conditions. Market participants are advised to stay updated on currency trends for informed decision-making.
