On Thursday, Pakistan’s foreign currency exchange market opened with updated rates for a wide range of international currencies.
These exchange rates serve as vital benchmarks for importers, exporters, travelers, and individuals involved in cross-border financial activities.
The exchange rates on Thursday indicated notable trends for major global currencies. The US Dollar opened at Rs. 284.25 for buying and Rs. 284.75 for selling, continuing to dominate foreign exchange transactions in Pakistan. The Euro stood at Rs. 332.70 for buying and Rs. 333.29 for selling, while the UK Pound Sterling posted strong values at Rs. 385.78 and Rs. 386.46 respectively.
Among regional and Asian currencies, the Saudi Riyal was available at Rs. 75.79 for buying and Rs. 75.93 for selling, while the UAE Dirham was trading at Rs. 77.39 and Rs. 77.53. The Chinese Yuan posted a buying rate of Rs. 39.56 and a selling rate of Rs. 39.63. The Japanese Yen remained low at Rs. 1.93 and Rs. 1.94 respectively.
Other notable exchange rates included the Australian Dollar at Rs. 185.49 for buying and Rs. 185.81 for selling, and the Canadian Dollar at Rs. 207.69 and Rs. 208.05. The Swiss Franc maintained a strong presence, trading at Rs. 356.38 and Rs. 357.01. Meanwhile, the Singapore Dollar stood at Rs. 221.75 and Rs. 222.14.
The Scandinavian currencies also showed consistent movement. The Danish Krone opened at Rs. 44.59 for buying and Rs. 44.67 for selling, while the Swedish Korona was priced at Rs. 29.81 and Rs. 29.86. The Hong Kong Dollar stood at Rs. 36.21 and Rs. 36.27, and the Thai Baht traded at Rs. 8.71 for buying and Rs. 8.72 for selling.
These exchange rates play a critical role in shaping economic decisions across Pakistan. They influence the cost of imports, the competitiveness of exports, and the value of remittances received from abroad. Overseas workers and global investors constantly monitor these rates for strategic planning.
As global economic conditions shift, exchange rates in Pakistan are expected to remain fluid. Market demand, geopolitical factors, and international financial developments all contribute to these daily fluctuations. The open market is especially sensitive to these changes, making real-time updates on exchange rates essential for informed decision-making.
Overall, Thursday’s exchange rates provided a snapshot of Pakistan’s position in the global financial ecosystem, underscoring the importance of currency trends in everyday economic activity.