Karachi, December 16, 2024 – The currency exchange rates in Pakistan started the week with notable variations in the open market on Monday. The rates for major international currencies reflect ongoing global economic dynamics and their impact on local market conditions.
The US Dollar (USD) currency remained a key focus, opening at 277.60 PKR (buying) and 279.15 PKR (selling). This stability follows a period of fluctuation due to shifts in global oil prices and the Federal Reserve’s policy adjustments.
Among regional currencies, the Saudi Riyal (SAR) currency was noted at 73.70 PKR (buying) and 74.25 PKR (selling), while the UAE Dirham (AED) currency traded at 75.35 PKR (buying) and 76.00 PKR (selling). These currencies continue to see steady demand due to high levels of remittances from Pakistani expatriates in the Gulf region.
European currencies reflected varying trends. The Euro (EUR) currency stood at 289.85 PKR (buying) and 292.60 PKR (selling), showing slight resilience amid eurozone economic challenges. The UK Pound Sterling (GBP) traded higher, reaching 351.30 PKR (buying) and 354.80 PKR (selling), maintaining its premium position in the market.
Among Asian currencies, the Chinese Yuan (CNY) traded at 37.99 PKR (buying) and 38.39 PKR (selling), underscoring strong bilateral trade ties between Pakistan and China. Meanwhile, the Japanese Yen (JPY) was valued at 1.84 PKR (buying) and 1.90 PKR (selling), reflecting stable demand in currency exchanges.
The Kuwaiti Dinar (KWD) remained the most valuable currency in the local market, trading at 896.86 PKR (buying) and 906.36 PKR (selling). The Bahraini Dinar (BHD) followed closely, trading between 734.65 PKR and 742.65 PKR.
For the Australian and New Zealand dollars, the AUD stood at 178.75 PKR (buying) and 181.00 PKR (selling), while the NZD ranged between 162.40 PKR and 164.40 PKR, reflecting minor adjustments based on trade and travel-related transactions.
As the market evolves, these rates are subject to changes based on supply-demand dynamics, international market conditions, and monetary policies. Exchange dealers recommend staying updated with real-time data for accurate transactions.
Disclaimer: Rates are indicative and may vary by exchange dealers across cities.