Karachi, October 22, 2024 – The latest currency exchange rates in Pakistan for Tuesday, October 22, 2024, show varying trends as the market opens for trading. As the global economy continues to fluctuate, these exchange rates reflect the current buying and selling prices for major currencies in the open market.
The US dollar (USD) currency remains a crucial focus for traders and businesses alike, as it holds steady with a buying rate of PKR 277.85 and a selling rate of PKR 279.35. This consistency is expected to have implications on import and export activities, as well as remittances flowing into Pakistan.
The Euro (EUR) currency, another widely traded currency in the region, is buying at PKR 300.85 and selling at PKR 303.60. The fluctuations in the Eurozone economy, combined with domestic factors, have influenced the Euro’s strength against the Pakistani rupee.
The British pound sterling (GBP) currency, known for its strong presence in global financial markets, is trading at a buying rate of PKR 360.50 and a selling rate of PKR 364.00. The pound’s rise continues to be closely linked to market activities and inflation trends in the UK.
Among the Middle Eastern currencies, the Saudi riyal (SAR) holds a significant place due to its influence on remittances from Pakistani expatriates in Saudi Arabia. The SAR is buying at PKR 73.55 and selling at PKR 74.10. Meanwhile, the UAE dirham (AED) is buying at PKR 75.30 and selling at PKR 75.95, reflecting the robust trade relationships between Pakistan and the UAE.
The Bahraini dinar (BHD) is one of the highest-valued currencies in the market, with a buying rate of PKR 730.70 and a selling rate of PKR 738.70. Similarly, the Kuwaiti dinar (KWD), which is the strongest currency in the world, is buying at PKR 896.87 and selling at PKR 906.37, maintaining its premium position.
For regional currencies, the Chinese yuan (CNY) is buying at PKR 38.88 and selling at PKR 39.28. This reflects the growing trade and economic ties between Pakistan and China, especially in light of ongoing developments in the China-Pakistan Economic Corridor (CPEC).
The currency exchange rates listed above provide essential insights for businesses, travelers, and traders engaging in foreign transactions. Monitoring these rates closely is crucial as they affect everything from import costs to remittances, making them an integral part of Pakistan’s economic landscape.