On April 4, 2025, the exchange rate of the Canadian Dollar (CAD) against the Pakistani Rupee (PKR) remained stable in the open market.
The buying rate for one Canadian Dollar was noted at Rs 195.85, while the selling rate stood at Rs 198.25. Interestingly, these rates were unchanged from the previous day, when the buying and selling prices were also Rs 195.85 and Rs 198.25, respectively, indicating a brief moment of stability in the otherwise volatile currency market.
These rates are officially updated at 8:00 AM Pakistan Standard Time (PST) each day and can vary throughout trading hours, depending on various market forces. As of April 4, 2025, global financial conditions, especially the United States’ recent imposition of new trade tariffs, have contributed to ongoing uncertainty in the foreign exchange markets. These developments often influence the strength of major global currencies, including the Canadian Dollar, as investors seek safe havens or adjust portfolios in response to policy changes.
Locally, the Government of Pakistan’s recent decision to lower electricity tariffs has also played a role in shaping the value of the Rupee. Although the move aims to reduce living costs and boost industrial productivity, it may impact economic indicators such as inflation, fiscal deficits, and investor sentiment, which can in turn affect the PKR to Canadian Dollar exchange rate.
Understanding the buying and selling rates is essential for those dealing in foreign currencies. The buying rate reflects the price at which banks or exchange companies purchase Canadian Dollars from customers, while the selling rate indicates the amount customers must pay to acquire Canadian Dollars. The spread between the two rates ensures financial institutions manage risks and earn profit.
The PKR to Canadian Dollar parity is determined by open market trends and is not controlled by any central authority. Instead, it depends on supply and demand dynamics, which are influenced by trade flows, remittances, tourism, and investment.
As of April 4, 2025, the Canadian Dollar continues to be a significant foreign currency for Pakistan, especially for students, immigrants, and businesses. Monitoring the exchange rate on April 4, 2025, and beyond is vital for making informed financial decisions.