Karachi, September 1, 2024 – As the financial week begins, here are the latest open market currency exchange rates for today, Sunday, September 1, 2024. These currency rates reflect the initial trading prices in Pakistan’s open market.
The US Dollar (USD) currency remains a key focus, opening at a buying rate of PKR 278.65 and a selling rate of PKR 279.75. This slight fluctuation from last week indicates a stable start for the greenback as market participants monitor international economic indicators and potential impacts on the local currency.
In the Asian currency market, the Chinese Yuan (CNY) is being bought at PKR 38.25 and sold at PKR 38.65, showing minimal changes compared to the previous week. The Japanese Yen (JPY) is trading with a buying rate of PKR 1.98 and a selling rate of PKR 1.99, maintaining its position without significant volatility. Meanwhile, the Indian Rupee (INR) continues to trade lower, with buying and selling rates of PKR 3.34 and PKR 3.45, respectively.
The Euro (EUR) currency opens today at a buying rate of PKR 309 and a selling rate of PKR 312, reflecting a stable start to the trading week amidst fluctuating economic sentiments across the Eurozone. The British Pound Sterling (GBP) is also witnessing a steady exchange, with a buying rate of PKR 365.5 and a selling rate of PKR 369.
Other notable currencies include the Australian Dollar (AUD), which is currently buying at PKR 186.5 and selling at PKR 189.18, and the Canadian Dollar (CAD), trading at PKR 202.65 for buying and PKR 205 for selling. The New Zealand Dollar (NZD) stands at PKR 169.34 for buying and PKR 171.34 for selling.
In the Middle Eastern currencies, the Saudi Riyal (SAR) is being bought at PKR 73.8 and sold at PKR 74.4, while the UAE Dirham (AED) is at PKR 75.6 for buying and PKR 76.25 for selling. The Kuwaiti Dinar (KWD) continues to be the most valuable currency in the open market, with a buying rate of PKR 903.45 and a selling rate of PKR 908.53.
With various global economic factors influencing the currency market, traders and investors remain cautious. The steady rates reflect a cautious optimism as market participants keep an eye on international developments, including potential policy changes by major central banks and geopolitical tensions.
These rates are subject to change as the day progresses and reflect the open market conditions in Pakistan. For real-time updates, traders and the general public are advised to consult with their currency exchange agents.