Karachi, October 31, 2024 – As of today, the currency exchange rates in Pakistan reflect a diverse landscape influenced by recent global market shifts and regional economic factors. These rates, tracked at the open market, provide insights into the buying and selling values of multiple international currencies.
The US Dollar (USD) currency continues to hold its position as one of the most closely monitored currencies in Pakistan. Today, it opened at a buying rate of PKR 277.35 and a selling rate of PKR 278.85, reflecting a steady demand. The value of the dollar in the open market indicates its importance to importers and exporters, as well as its role in stabilizing the local economy.
The UK Pound Sterling (GBP) currency saw a slightly higher exchange rate today, opening at PKR 358.5 for buying and PKR 362 for selling. This trend mirrors the recent strengthening of the pound in global markets, likely driven by favorable economic indicators in the UK and increased foreign investment.
Other notable currencies include the Euro (EUR) currency, which opened at PKR 298.3 for buying and PKR 301.05 for selling, maintaining its position as one of the strongest currencies against the Pakistani rupee. Meanwhile, the Kuwaiti Dinar (KWD), one of the highest-valued currencies globally, is trading at PKR 896.76 for buying and PKR 906.26 for selling, showing its consistent strength in regional markets.
The currencies from neighboring countries and major trade partners are also worth noting. The Chinese Yuan (CNY) currency remains stable, trading at PKR 38.88 for buying and PKR 39.28 for selling, while the Saudi Riyal (SAR) and UAE Dirham (AED) show slight variations, trading at PKR 73.65 and PKR 75.3, respectively, for buying, and PKR 74.2 and PKR 75.95 for selling. These currencies reflect the significant remittance flows from Pakistani expatriates working in Gulf countries.
Currencies such as the Australian Dollar (AUD) and Canadian Dollar (CAD) also continue to see active trading in Pakistan’s open market. Today, the AUD trades at PKR 181.61 for buying and PKR 183.86 for selling, while the CAD is at PKR 200.06 and PKR 202.46, respectively.
As global markets remain volatile due to shifting economic policies, inflationary pressures, and geopolitical factors, these exchange rates are subject to fluctuations. Traders, investors, and businesses in Pakistan closely monitor these daily rates to make informed financial decisions. Today’s rates provide a snapshot of the international currency landscape as Pakistan navigates the current global economic environment.