Karachi, December 6, 2024 – Pakistan’s open market has witnessed dynamic currency trends today, reflecting the latest global economic activities. Below are the key highlights of the currency exchange rates for December 6, 2024.
The US Dollar (USD) remained stable, trading at 277.5 PKR buying and 279 PKR selling, marking continued steadiness amid global market fluctuations. The UK Pound Sterling (GBP) showed a slight edge over the USD, trading at 350 PKR buying and 353.5 PKR selling, indicating strong demand for the British currency.
Among the regional currencies, the Indian Rupee (INR) remained at a nominal value, trading at 3.18 PKR buying and 3.27 PKR selling. On the other hand, the Chinese Yuan (CNY) was relatively stable at 37.99 PKR buying and 38.39 PKR selling, reflecting consistent trade relations between Pakistan and China.
In the Middle Eastern currencies, the Saudi Riyal (SAR) and UAE Dirham (AED) remained crucial due to their direct impact on remittances. The SAR traded at 73.65 PKR buying and 74.2 PKR selling, while the AED stood at 75.35 PKR buying and 76 PKR selling. These rates are pivotal for expatriates sending money back to Pakistan.
The Euro (EUR), another significant currency, traded at 289.95 PKR buying and 292.7 PKR selling, showcasing its influence as a stable global contender. Meanwhile, the Australian Dollar (AUD) was noted at 178.75 PKR buying and 181.25 PKR selling, reflecting its performance against other currencies in Asia-Pacific markets.
Higher-value Gulf currencies, such as the Kuwaiti Dinar (KWD) and Omani Riyal (OMR), maintained their strong positions. The KWD traded at 894.95 PKR buying and 904.45 PKR selling, while the OMR stood at 717.9 PKR buying and 726.4 PKR selling, demonstrating their robust global valuation.
These currency trends play a vital role in Pakistan’s import-export balance and are closely monitored by traders, businesses, and expatriates. Exchange rates may fluctuate throughout the day, depending on global economic developments and domestic monetary policies.
Disclaimer: Rates are subject to change and may vary across different exchange services.