Karachi, December 13, 2024: Pakistan’s open currency market began trading today with updated exchange rates for international currencies. The rates, which fluctuate based on market demand and economic indicators, serve as a reference for businesses, travelers, and financial institutions.
The US Dollar currency continues to dominate the market, with a buying rate of PKR 277.75 and a selling rate of PKR 279.25. Similarly, the Euro currency and British Pound maintain their high value, trading at PKR 289.85 and PKR 352.20 for buying, and PKR 292.60 and PKR 355.70 for selling, respectively.
Regional currencies like the Saudi Riyal and UAE Dirham are also in focus. The Saudi Riyal is being bought at PKR 73.70 and sold at PKR 74.25, while the UAE Dirham is trading at PKR 75.35 for buying and PKR 76.00 for selling.
Among other notable currencies, the Kuwaiti Dinar remains one of the strongest, with buying and selling rates of PKR 896.31 and PKR 905.81, respectively. The Omani Riyal and Bahraini Dinar follow closely, trading at competitive rates reflecting their robust economies.
Asian currencies such as the Chinese Yuan, Japanese Yen, and Indian Rupee remain moderate, reflecting their regional economic interactions with Pakistan. The Chinese Yuan is being bought at PKR 37.99 and sold at PKR 38.39, while the Japanese Yen trades at PKR 1.84 for buying and PKR 1.90 for selling.
For those trading with European countries, currencies like the Swiss Franc currency and Danish Krone currency show consistent demand. The Swiss Franc is trading at PKR 313.96 for buying and PKR 316.76 for selling, while the Danish Krone is available at PKR 39.15 for buying and PKR 39.55 for selling.
Currency trends in the open market are influenced by global economic conditions, geopolitical factors, and local demand. Analysts suggest monitoring fluctuations closely, as exchange rates play a critical role in international trade and investments.
Whether for import-export businesses or individuals planning international travel, staying updated on currency rates is essential. These values reflect the market opening rates and may vary throughout the day.
Stay tuned for further updates as the market reacts to unfolding economic developments.