KARACHI – The latest currency exchange rates in Pakistan, as recorded on Thursday, May 8, 2025, show mixed movements across major global currencies in the open market.
These exchange rates reflect the initial trading values at the beginning of the day and are subject to fluctuations throughout the session depending on market dynamics and demand-supply shifts.
According to local market dealers, the currency market opened with the US dollar being bought at Rs281.65 and sold at Rs283.15, reflecting minor stability compared to the previous day. The British Pound Sterling continued to remain strong, trading at Rs375.50 for buying and Rs379.00 for selling, while the Euro hovered in the range of Rs319.75 to Rs322.50. The Gulf currencies, such as the Saudi Riyal and the UAE Dirham, were quoted at Rs74.95/Rs75.50 and Rs76.50/Rs77.15, respectively.
In the Asian region, the Japanese Yen was trading between Rs1.98 and Rs2.04, and the Chinese Yuan was observed at Rs37.59 for buying and Rs37.99 for selling. The Indian Rupee, a minor yet closely watched currency, stood at Rs3.23/Rs3.32. Among other prominent currencies, the Canadian Dollar was available at Rs204.60 to Rs207.00, and the Australian Dollar at Rs184.25 for buying and Rs186.50 for selling.
Traders emphasized that these are latest indicative rates and may vary slightly depending on the volume and timing of the exchange. The fluctuation in currency rates is largely driven by demand for foreign currencies for imports, remittances, and travel-related needs. Market participants closely watch global economic developments, particularly in the US and Eurozone, which tend to influence the direction of local currency movements.
Financial analysts have noted that the rupee’s relative stability in recent days has helped maintain a predictable exchange environment, although concerns remain regarding inflation and foreign exchange reserves. The latest rates also provide insight into broader economic trends and investor sentiment, as the currency market serves as a barometer for economic health.
As always, it is recommended for individuals and businesses to check real-time updates before carrying out any significant currency exchange transactions, as rates may shift during the trading day.