Karachi, December 22, 2024 – As Sunday marks a non-working day for the open market in Pakistan, the latest currency exchange rates reflect the closing values of the previous trading day.
The figures provide insights into the buying and selling rates for various international currencies against the Pakistani Rupee (PKR), offering a snapshot of the country’s economic interplay with global financial markets.
Among the prominent currencies, the US Dollar (USD) currency continues to hold significant importance in the local economy, with buying and selling rates recorded at PKR 277.95 and PKR 279.45, respectively. This steady trend underscores the Dollar’s role as a benchmark in international trade and remittances.
The UK Pound Sterling (GBP) currency remains one of the most robust performers in the exchange market, trading at PKR 349.05 for buying and PKR 352.55 for selling. Similarly, the Euro (EUR) currency maintained its value, with rates standing at PKR 287.25 for buying and PKR 290 for selling, reflecting its strength in European markets.
In the Gulf region, the Kuwaiti Dinar (KWD) dominates with the highest valuation, trading at PKR 896.01 for buying and PKR 905.51 for selling. Close behind is the Bahraini Dinar (BHD), which saw its rates at PKR 735.15 and PKR 743.15 for buying and selling, respectively. The Omani Riyal (OMR) also retained its high exchange rate of PKR 719.5 for buying and PKR 728 for selling.
Regional currencies such as the Indian Rupee (INR) and Chinese Yuan (CNY) displayed moderate values, with the INR trading at PKR 3.19 for buying and PKR 3.28 for selling, and the CNY at PKR 37.99 for buying and PKR 38.39 for selling.
From the Asia-Pacific, the Australian Dollar (AUD) was exchanged at PKR 174.75 for buying and PKR 177 for selling, while the Canadian Dollar (CAD) stood at PKR 195.6 for buying and PKR 198 for selling.
These exchange rates are subject to fluctuations influenced by global economic conditions, geopolitical developments, and domestic monetary policies. Individuals and businesses involved in international transactions should closely monitor these rates for any significant changes.
The currency exchange rates are provided for informational purposes only and are subject to adjustments based on market trends and economic factors.