KARACHI, October 7, 2024 – The currency exchange rates in Pakistan for today, Monday, reflect the starting values in the open market. These rates indicate the buying and selling prices of various global currencies in exchange for the Pakistani Rupee (PKR).
The US Dollar (USD) currency continues to maintain its position as the most actively traded currency. Today, the buying price of the USD stands at PKR 278, while the selling price is slightly higher at PKR 279.5. This marks a relatively stable phase for the rupee-dollar exchange rate, which has seen some fluctuations in recent weeks due to international economic developments and local market conditions.
The British Pound (GBP) currency shows its strength against the Pakistani Rupee with a buying price of PKR 361.95 and a selling price of PKR 365.45. This trend reflects the Pound’s traditionally strong position in the foreign exchange market, as well as global investor confidence in the UK economy.
The Euro (EUR) is trading at PKR 302.75 for buying and PKR 305.5 for selling, reflecting a solid demand for the European currency. The Euro continues to perform well as the European Union remains a key trading partner for Pakistan, with significant imports from the Eurozone.
Among other key currencies, the Canadian Dollar (CAD) is trading at PKR 205.5 for buying and PKR 207.9 for selling, and the Australian Dollar (AUD) is being bought at PKR 187.75 and sold at PKR 190. Both currencies remain popular for overseas transactions, particularly due to the sizeable Pakistani diaspora in both Canada and Australia.
In the Gulf region, the Kuwaiti Dinar (KWD) remains one of the highest valued currencies, with a buying price of PKR 899.85 and a selling price of PKR 909.35. Meanwhile, the Saudi Riyal (SAR) and UAE Dirham (AED) are trading at PKR 73.65 and PKR 75.4 respectively for buying, and PKR 74.3 and PKR 76.05 for selling, reflecting stable exchange rates for these important currencies.
The Chinese Yuan (CNY) is available for buying at PKR 39.6 and selling at PKR 40, as trade between Pakistan and China continues to grow under the China-Pakistan Economic Corridor (CPEC) initiatives.
These exchange rates are subject to fluctuations based on supply and demand conditions in the market and geopolitical factors affecting international trade. Currency traders and businesses are advised to stay updated with the latest market trends throughout the day.