Karachi, November 7, 2024 – As of today, the currency exchange rates in Pakistan have experienced slight fluctuations. The ongoing shifts reflect a combination of global financial trends and local market dynamics, especially as currencies are traded actively in open markets across the country. The Pakistan rupee has shown resilience in recent days, but today’s rates highlight some key gains and losses among major international currencies.
The U.S. Dollar (USD) currency remains stable, with a buying rate of PKR 277.35 and a selling rate of PKR 278.95. This relatively steady trend follows recent economic developments and is in line with global USD performance against other currencies.
For European currencies, the Euro (EUR) continues to strengthen, standing at a buying rate of PKR 297.1 and a selling rate of PKR 299.85. The Euro’s consistent demand is reflective of its status as a dominant currency in global trade, and its upward trend against the Pakistani Rupee could impact import-related costs. Meanwhile, the British Pound (GBP) has seen minor fluctuations, with its value pegged at PKR 356.35 for buying and PKR 359.85 for selling. This represents the GBP’s position as a high-value currency, often used in trade and investment.
The Australian Dollar (AUD) and Canadian Dollar (CAD) have shown moderate levels, with AUD standing at a buying rate of PKR 182.77 and selling at PKR 185.02, while CAD is available at PKR 200.07 for buying and PKR 202.47 for selling. These exchange rates are reflective of stable economic conditions in both Australia and Canada, with minor adjustments based on demand within the Pakistani market.
In the Gulf region, the Kuwaiti Dinar (KWD) remains one of the highest-value currencies, trading at PKR 897.37 for buying and PKR 906.87 for selling. The Saudi Riyal (SAR) and UAE Dirham (AED), two commonly traded currencies due to the significant Pakistani expatriate population in the Middle East, show standard rates with SAR at PKR 73.65 buying and PKR 74.20 selling, while AED stands at PKR 75.35 buying and PKR 76 selling.
Asian currencies, such as the Japanese Yen (JPY) and Chinese Yuan (CNY), have seen minimal changes, with JPY at PKR 1.92 buying and PKR 1.98 selling, and CNY at PKR 38.58 buying and PKR 38.98 selling. These rates are primarily influenced by economic relations between Pakistan and its trading partners in Asia.
Today’s currency rates underscore the importance of monitoring international market trends as they impact daily transactions, trade, and overall economic stability in Pakistan.
