KARACHI, April 27 — Currency dealers in Pakistan published updated foreign exchange rates on Monday, offering guidance to businesses, travelers and remittance recipients amid ongoing market fluctuations.
According to rates released by local money changers, the Pakistani Rupee showed relative stability against major international currencies, including the US Dollar, which was traded at 279.25 for buying and 279.9 for selling in the open market.
Among other key currencies, the Euro stood at 326.88 for buying and 332.25 for selling, while the British Pound Sterling was quoted at 375.87 and 381.25, respectively. The UAE Dirham traded at 75.9 for buying and 76.95 for selling, reflecting its continued importance due to strong remittance inflows from the Gulf region.
Regional currencies also remained broadly stable. The Saudi Riyal was quoted at 74.35 for buying and 75.3 for selling, while the Qatari Riyal stood at 72.25 and 73.25. The Chinese Yuan traded at 39.25 for buying and 39.75 for selling, reflecting steady trade ties between Pakistan and China.
In the Asia-Pacific segment, the Australian Dollar was valued at 198.25 for buying and 202.7 for selling, while the Canadian Dollar stood at 202.9 and 206.85.
Market participants said the exchange rates remained largely range-bound, supported by balanced demand and supply in the open market. However, they noted that global economic trends, oil prices and domestic policy developments continue to influence currency movements.
Currency dealers issue these indicative rates daily, though actual transaction prices may vary depending on market conditions and volumes.