On March 24, 2025, the exchange rate for one Canadian Dollar (CAD) in Pakistani Rupees (PKR) remained an important factor for traders, expatriates, and businesses engaged in financial transactions between Pakistan and Canada.
As per the latest market data, the buying rate of the Canadian Dollar in the open market was recorded at Rs 196.85, while the selling rate stood at Rs 199.25. These figures are vital for individuals and companies involved in remittances, trade, and travel-related financial exchanges.
A comparison with the previous day’s exchange rate shows that on March 23, 2025, the Canadian Dollar was being bought at Rs 196.85 and sold at Rs 199.25. The stability or fluctuations in the value of the Canadian Dollar against the Pakistani Rupee are influenced by various factors, including global economic conditions, demand for the currency, and foreign exchange market trends.
The exchange rates for foreign currencies, including the Canadian Dollar, are officially updated at 8:05 AM Pakistan Standard Time (PST). However, due to evolving market conditions, the value of the Canadian Dollar may change throughout the day. The demand for the Canadian Dollar in Pakistan is primarily driven by Pakistani expatriates in Canada, businesses engaged in bilateral trade, and individuals traveling between the two countries.
In the foreign exchange market, the buying rate represents the price at which banks or exchange companies purchase Canadian Dollars from customers, whereas the selling rate refers to the price at which they provide Canadian Dollars to buyers. Understanding these fluctuations helps individuals and businesses make informed financial decisions regarding currency exchange.
The Canadian Dollar/PKR exchange rate on March 24, 2025, reflects the ongoing financial transactions between Pakistan and Canada. A significant number of Pakistani expatriates reside in Canada, regularly sending remittances home, ensuring a steady demand for the Canadian Dollar. Additionally, businesses involved in imports and exports between the two countries also contribute to exchange rate movements.
As currency markets remain unpredictable, individuals and businesses exchanging Canadian Dollars to Rupees or vice versa should stay informed about the latest rates. On March 24, 2025, the Canadian Dollar’s exchange rate continues to be influenced by economic trends and market forces.