Karachi, September 21, 2024 – The currency exchange market in Pakistan opened today with several significant updates in exchange rates for major global currencies. The rates for buying and selling reflect the activity in the open market as of this morning, giving insight into the evolving dynamics of international currency strength and the Pakistani rupee’s performance.
The US Dollar (USD) currency continues to play a central role in Pakistan’s foreign exchange market, with a buying rate of PKR 279.25 and a selling rate of PKR 280.75. This marginal fluctuation indicates a stable yet slightly pressured rupee against the American currency.
The Euro (EUR) currency also experienced modest movement, trading at PKR 308 for buying and PKR 310.75 for selling. Meanwhile, the British Pound Sterling (GBP) remains strong at PKR 367.5 for buying and PKR 371 for selling, reflecting its robust standing in international markets.
Among regional currencies, the Saudi Riyal (SAR) and the UAE Dirham (AED) are essential for the Pakistani exchange landscape due to strong economic and labor ties. The Saudi Riyal stands at PKR 74.08 for buying and PKR 74.63 for selling, while the UAE Dirham is quoted at PKR 75.7 for buying and PKR 76.3 for selling.
The Kuwaiti Dinar (KWD) remains the highest-valued currency in the region, reflecting its enduring strength, trading at PKR 900.65 for buying and PKR 910.15 for selling. Similarly, the Omani Riyal (OMR) is valued at PKR 718.5 for buying and PKR 727 for selling, both continuing to reflect the robust financial systems of Gulf nations.
Closer to East Asia, the Chinese Yuan (CNY) stands at PKR 38.25 for buying and PKR 38.65 for selling, while the Japanese Yen (JPY) has a relatively lower exchange rate at PKR 1.93 for buying and PKR 1.99 for selling.
Among other notable currencies, the Australian Dollar (AUD) is buying at PKR 188.25 and selling at PKR 190.5, while the Canadian Dollar (CAD) is buying at PKR 204.7 and selling at PKR 207.1.
These rates indicate the fluctuating nature of foreign exchange, influenced by geopolitical and economic factors globally. Pakistan’s open market continues to reflect international monetary policies, global demand, and local economic conditions.
