Karachi, December 7, 2024 – The currency exchange rates in Pakistan have been updated as the trading week begins, reflecting ongoing trends in the international and local markets. The rates provided are sourced from the open market in Karachi, a key hub for financial activity in the country.
The US Dollar (USD), a key benchmark for the Pakistani Rupee (PKR), is being traded at 277.60 PKR for buying and 279.10 PKR for selling, maintaining its position as a critical currency for trade and remittances.
The Euro (EUR), another major currency, is buying at 291.55 PKR and selling at 294.30 PKR, showing slight stability amid broader European economic adjustments.
In the Gulf region, the Saudi Riyal (SAR) and UAE Dirham (AED) remain steady, buying at 73.65 PKR and 75.35 PKR respectively, and selling at 74.20 PKR and 76.00 PKR. The Kuwaiti Dinar (KWD), one of the strongest currencies globally, stands at 895.50 PKR for buying and 905.00 PKR for selling.
Among Asian currencies, the Chinese Yuan (CNY) trades at 37.99 PKR buying and 38.39 PKR selling, underscoring the significance of Sino-Pak economic cooperation. Meanwhile, the Japanese Yen (JPY), a minor but influential currency, is priced at 1.86 PKR buying and 1.92 PKR selling.
For travelers and traders engaging with Europe, the British Pound Sterling (GBP) remains strong at 351.50 PKR buying and 355.00 PKR selling, reflecting the currency’s robust demand. The Swiss Franc (CHF) follows a similar trend at 312.72 PKR buying and 315.52 PKR selling.
Oceania’s currencies, including the Australian Dollar (AUD) and New Zealand Dollar (NZD), show consistent rates, trading at 179.00 PKR buying and 181.25 PKR selling for AUD, and 162.40 PKR buying and 164.40 PKR selling for NZD.
Currencies from smaller markets like the Danish Krone (DKK) and Swedish Krona (SEK) are priced at 39.15 PKR and 25.10 PKR for buying, respectively.
The currency fluctuations are influenced by global economic conditions, local inflation rates, and geopolitical developments, all of which play a vital role in determining exchange rates in Pakistan. Stay updated with the latest trends to make informed decisions in trade and travel.