Karachi, November 8, 2024 – The currency exchange rates for major foreign currencies in Pakistan today reflect the opening rates in the open market. A variety of factors, including geopolitical developments, trade dynamics, and investor sentiment, continue to influence the value of the Pakistani Rupee (PKR) against other currencies. Here’s a look at the buying and selling prices of major currencies in Pakistan on Friday, November 8, 2024.
The US Dollar (USD) remains one of the most widely traded currencies in the country. Today, the USD opened at a buying rate of PKR 277.5 and a selling rate of PKR 279. The British Pound (GBP), a major foreign currency with a notable influence on Pakistan’s forex market, stands at PKR 356.45 for buying and PKR 359.95 for selling. Meanwhile, the Euro (EUR) shows stability with buying and selling rates at PKR 296.35 and PKR 299.1, respectively.
Among the Middle Eastern currencies, the Kuwaiti Dinar (KWD), one of the highest-valued currencies globally, commands PKR 897.47 for buying and PKR 906.97 for selling. Similarly, the Omani Riyal (OMR) and Bahraini Dinar (BHD) hold strong at PKR 716.16 and PKR 731.71 for buying, respectively, reflecting steady demand for these currencies among local businesses and expatriates.
In Asia, the Chinese Yuan (CNY) remains at PKR 38.58 for buying and PKR 38.98 for selling. With Pakistan’s growing trade relations with China, the CNY has been a popular currency in Pakistan’s exchange markets. The Japanese Yen (JPY), known for its volatility, is relatively low at PKR 1.92 for buying and PKR 1.98 for selling.
Other notable currencies in the market today include the Saudi Riyal (SAR), the primary currency for Pakistanis traveling to Saudi Arabia for pilgrimage, trading at PKR 73.7 for buying and PKR 74.25 for selling. The UAE Dirham (AED) follows closely at PKR 75.35 for buying and PKR 76 for selling, reflecting the steady flow of remittances from Pakistani expatriates in the UAE.
Commonwealth currencies such as the Australian Dollar (AUD) and Canadian Dollar (CAD) also show steady values, with the AUD at PKR 183.7 for buying and PKR 185.95 for selling, and the CAD at PKR 200.07 and PKR 202.47 for buying and selling, respectively.
These rates offer a snapshot of the ongoing currency exchange dynamics in Pakistan, providing valuable insights for traders, travelers, and expatriates looking to exchange foreign currencies.
