Karachi, Pakistan – Tuesday, September 10, 2024: As the trading week continues, the foreign currency exchange market in Pakistan has seen steady movements in currency values.
With the Pakistani rupee under pressure due to various economic factors, the open market exchange rates for several foreign currencies are being closely monitored. Here’s a detailed report on the currency exchange rates as of today.
The US dollar (USD) remains one of the most closely watched currencies in Pakistan, trading at a buying rate of 278.85 PKR and a selling rate of 280.35 PKR. This reflects slight changes from previous sessions, as the market anticipates ongoing fluctuations due to global economic uncertainties, oil prices, and Pakistan’s balance of payments challenges.
Meanwhile, the British Pound Sterling (GBP) saw a significant value, with a buying rate of 365.15 PKR and a selling rate of 368.65 PKR, showing its continued strength against the rupee. This comes amid the UK’s economic stabilization efforts and a relatively strong performance in the global market.
In Europe, the Euro (EUR) is trading at 307.85 PKR for buying and 310.60 PKR for selling. The Euro has shown resilience in the currency market, reflecting ongoing optimism in the Eurozone as inflation begins to stabilize across member countries.
The Canadian Dollar (CAD) also saw some movement, with a buying price of 207.45 PKR and a selling price of 209.85 PKR. The CAD remains strong, influenced by Canada’s positive economic performance, especially in the energy sector, which has supported the value of its currency.
The Australian Dollar (AUD) is trading at 188.35 PKR for buying and 190.60 PKR for selling, while the New Zealand Dollar (NZD) stood at 169.34 PKR for buying and 171.34 PKR for selling. Both currencies are largely affected by commodity prices and global demand for raw materials, which have kept their exchange rates relatively stable.
In the Middle East, the Kuwaiti Dinar (KWD) remains the highest-valued currency against the Pakistani rupee, buying at 905.50 PKR and selling at 915 PKR. The Bahraini Dinar (BHD) followed closely, trading at 731.10 PKR for buying and 739.10 PKR for selling. Other Gulf currencies, such as the Saudi Riyal (SAR) and UAE Dirham (AED), stood at 74.10 PKR and 75.70 PKR for buying, respectively.
The currency exchange rates mentioned here are subject to change during the day depending on market conditions and global events. Investors and traders in Pakistan remain cautious as they continue to monitor economic developments both at home and abroad.
