Karachi, December 20, 2024 – The foreign currency exchange rates in Pakistan for Friday, December 20, 2024, were announced at the start of trade in the open market. These rates reflect the buying and selling prices of various currencies against the Pakistani Rupee (PKR), providing insights into the country’s exchange dynamics.
The US Dollar (USD) currency maintained its dominant position, with a buying rate of PKR 277.90 and a selling rate of PKR 279.40. The Euro (EUR) currency also demonstrated strong performance, trading at PKR 286.45 for buying and PKR 289.20 for selling, showcasing its steady value against the rupee.
Among other notable currencies, the British Pound Sterling (GBP) currency stood at a buying rate of PKR 347.30 and a selling rate of PKR 350.80, reflecting its robust valuation. Similarly, the Australian Dollar (AUD) and Canadian Dollar (CAD) recorded buying rates of PKR 173.75 and PKR 194.42, with selling rates at PKR 176.00 and PKR 196.82, respectively.
The Gulf currencies exhibited stability, with the Saudi Riyal (SAR) trading at PKR 73.70 for buying and PKR 74.25 for selling. The UAE Dirham (AED) followed closely, with buying and selling rates at PKR 75.40 and PKR 76.05, respectively. The Kuwaiti Dinar (KWD), being one of the highest-valued currencies, registered buying and selling rates of PKR 897.50 and PKR 907.00, respectively.
Asian currencies like the Japanese Yen (JPY) traded at PKR 1.85 for buying and PKR 1.91 for selling, while the Chinese Yuan (CNY) showed rates of PKR 37.99 and PKR 38.39. The Indian Rupee (INR), a neighboring currency, was observed at PKR 3.19 for buying and PKR 3.28 for selling.
The exchange rates for other currencies, including the Swiss Franc (CHF) at PKR 311.29 (buying) and PKR 314.09 (selling), and the Omani Riyal (OMR) at PKR 719.30 (buying) and PKR 727.80 (selling), highlight the wide range of foreign currency activity in Pakistan.
These rates serve as a reference for trade, travel, and remittances, impacting various sectors of the economy. Market fluctuations remain subject to global financial trends and domestic economic conditions.