KARACHI – The exchange rates of major foreign currencies against the Pakistani Rupee (PKR) were updated on October 25, 2021, at 1:05 PM Pakistan Standard Time (PST).
These rates reflect the buying and selling values offered by currency dealers in the open market and provide insight into the current demand and supply trends for foreign currencies in Pakistan.
As per the latest update, the exchange market showed varied movements across different currencies. The US Dollar (USD), Euro (EUR), British Pound (GBP), and other major currencies saw fluctuating rates, influenced by both domestic and international economic conditions. The US Dollar continued to hover near the upper end, reflecting strong demand amid ongoing import payments and limited foreign inflows.
The buying and selling rates of regional currencies such as the Saudi Riyal (SAR), UAE Dirham (AED), and Indian Rupee (INR) also showed minor shifts. These currencies typically see consistent demand due to travel, remittances, and business transactions between Pakistan and Gulf or South Asian countries. The Saudi Riyal and UAE Dirham are particularly vital for remittance flows from Pakistani expatriates working in the Middle East.
Currency traders noted that the overall exchange activity remains sensitive to external factors such as oil prices, trade volumes, and geopolitical developments. Additionally, fluctuations in the exchange rates are influenced by the State Bank of Pakistan’s monetary policies and the level of foreign exchange reserves, which play a crucial role in stabilizing the rupee against major world currencies.
The exchange market in Pakistan operates based on demand and supply dynamics, and rates can change throughout the day depending on market conditions. Buyers and sellers are advised to check live updates or consult authorized dealers before conducting any significant transactions, especially for business or travel-related currency needs.
The strength or weakness of the rupee against foreign currencies not only affects import and export costs but also impacts inflation and the purchasing power of ordinary consumers. As Pakistan navigates its economic recovery, monitoring these exchange rates remains essential for informed financial planning and decision-making.