Karachi, September 12, 2024 – As the trading week progresses, the currency exchange market in Pakistan remains active with fluctuating rates influenced by both domestic and international factors.
Today’s rates at the open market show varying levels of buying and selling prices across multiple global currencies. Below is a summary of the currency exchange rates for Thursday, reflecting the latest updates from market traders.
The US Dollar (USD), which continues to be a major point of reference for local and international business transactions, is being bought at PKR 279.00 and sold at PKR 280.85. This marginal increase reflects the continued pressure on the Pakistani Rupee (PKR) due to factors such as inflation, rising global oil prices, and economic uncertainty.
The UK Pound Sterling (GBP) stands at PKR 365.15 for buying and PKR 368.65 for selling. The strength of the British currency remains consistent, partly due to recent economic policies and steady post-Brexit trade negotiations.
The Euro (EUR) is being bought at PKR 306.60 and sold at PKR 309.35. European markets have seen moderate fluctuations in recent weeks, but the euro has maintained relative stability against the rupee, with minor shifts in value.
Among the Gulf currencies, the Kuwaiti Dinar (KWD) remains one of the most valuable currencies in the region. It is being bought at PKR 905.50 and sold at PKR 915.00. Similarly, the Bahraini Dinar (BHD) is available at PKR 731.10 for buying and PKR 739.10 for selling, reflecting its strong demand due to steady trade with the Middle East.
The Australian Dollar (AUD) and Canadian Dollar (CAD) are also seeing moderate activity in the market. The Australian Dollar is being bought at PKR 188.35 and sold at PKR 190.60, while the Canadian Dollar is trading at PKR 207.45 for buying and PKR 209.85 for selling.
In the Asian market, China’s Yuan (CNY) is at PKR 38.25 for buying and PKR 38.65 for selling. This reflects China’s significant trade relationship with Pakistan and the steady demand for the yuan in the local market.
Overall, today’s exchange rates demonstrate the ongoing adjustments in the global currency landscape, with the Pakistani Rupee under pressure due to both international and domestic influences. Traders and businesses continue to monitor these changes closely as they navigate through the volatile currency environment.
