Karachi, September 17, 2024 – The latest foreign currency exchange rates for Tuesday, September 17, 2024, have been announced as the trading day begins in Pakistan’s open market.
These rates indicate the value of foreign currencies in terms of buying and selling against the Pakistani Rupee (PKR). The fluctuating exchange rates are influenced by several factors, including global economic trends, demand for foreign currency, and the geopolitical landscape.
Major Currencies
The US Dollar (USD), one of the most widely traded currencies in Pakistan, opened with a buying rate of PKR 278.9 and a selling rate of PKR 280.75. The British Pound Sterling (GBP) currency, another key currency in the market, was traded at PKR 364.6 for buying and PKR 368.1 for selling, showcasing a significant premium over the US Dollar. The Euro (EUR), continuing its importance in international trade, was recorded at PKR 308.55 for buying and PKR 311.3 for selling.
Gulf Currencies
Among the Gulf currencies, the Saudi Riyal (SAR) currency stood at PKR 74.08 for buying and PKR 74.63 for selling. The UAE Dirham (AED) traded at PKR 75.7 for buying and PKR 76.35 for selling. The Kuwaiti Dinar (KWD), one of the highest-valued currencies globally, maintained its premium position with a buying rate of PKR 901.85 and a selling rate of PKR 911.35. The Omani Riyal (OMR) traded at PKR 718.5 for buying and PKR 727 for selling, reflecting its consistent strength.
Other Notable Currencies
The Australian Dollar (AUD) currency opened at PKR 187.75 for buying and PKR 190 for selling, while the Canadian Dollar (CAD) was recorded at PKR 206.6 for buying and PKR 209 for selling. The Japanese Yen (JPY), which often sees high volatility, traded at PKR 1.93 for buying and PKR 1.99 for selling, with minor fluctuations expected during the day.
In the Asian currency market, the Chinese Yuan (CNY) stood at PKR 38.25 for buying and PKR 38.65 for selling. The Indian Rupee (INR), while having limited trade, traded at PKR 3.34 for buying and PKR 3.45 for selling. The Malaysian Ringgit (MYR) was recorded at PKR 59.3 for buying and PKR 60.3 for selling.
The fluctuation of currency exchange rates is a key factor for importers, exporters, and traders in Pakistan, as it impacts the cost of goods and international transactions. Stay updated for further developments as the market progresses throughout the day.
