October 18, 2023 – In the ever-changing landscape of global economics, keeping track of foreign currency rates is crucial for businesses, investors, and individuals alike.
As of 09:00 AM (Pakistan Standard Time) on October 18, 2023, here are the open market foreign currency rates of various foreign currencies against the Pakistani Rupee (PKR) in Pakistan.
1. US Dollar (USD):
• Buying: PKR 274.00
• Selling: PKR 277.00
2. Saudi Riyal (SAR):
• Buying: PKR 73.40
• Selling: PKR 74.20
3. UAE Dirham (AED):
• Buying: PKR 75.40
• Selling: PKR 76.20
4. Euro (EUR):
• Buying: PKR 290.00
• Selling: PKR 294.00
5. UK Pound (GBP):
• Buying: PKR 338.00
• Selling: PKR 342.00
6. Japanese Yen (JPY):
• Buying: PKR 1.40
• Selling: PKR 1.47
7. Swiss Franc (CHF):
• Buying: PKR 309.09
• Selling: PKR 311.59
8. Danish Krone (DKK):
• Buying: PKR 39.36
• Selling: PKR 39.76
9. Norwegian Krone (NOK):
• Buying: PKR 25.42
• Selling: PKR 25.72
10. Swedish Krona (SEK):
• Buying: PKR 25.47
• Selling: PKR 25.77
11. Australian Dollar (AUD):
• Buying: PKR 174.50
• Selling: PKR 176.25
12. Canadian Dollar (CAD):
• Buying: PKR 201.00
• Selling: PKR 203.00
13. Indian Rupee (INR):
• Buying: PKR 3.35
• Selling: PKR 3.46
14. Chinese Yuan (CNY):
• Buying: PKR 38.50
• Selling: PKR 42.00
15. Afghan Afghani (AFN):
• Buying: Not available
• Selling: Not available
These rates provide valuable information to businesses engaged in international trade, travelers, and individuals involved in financial transactions. The foreign exchange market is influenced by various factors, including economic indicators, geopolitical events, and market sentiment. Traders and investors use these rates to make informed decisions about buying or selling currencies.
The US Dollar remains a dominant force in the market, with a buying rate of PKR 274.00 and a selling rate of PKR 277.00. Meanwhile, other major currencies such as the Euro, UK Pound, and Japanese Yen also have notable positions in the exchange market.
It’s important to note that exchange rates can fluctuate throughout the day based on market conditions. Therefore, individuals and businesses are advised to stay updated on the latest rates before engaging in any financial transactions.
As the world becomes increasingly interconnected, the foreign exchange market plays a crucial role in facilitating international trade and investment. The rates provided here serve as a snapshot of the current economic landscape, allowing stakeholders to make well-informed decisions in their financial dealings.
Please be aware that these rates are indicative and may vary slightly depending on the source and location. For the most accurate and up-to-date information, individuals and businesses are recommended to consult with authorized currency exchange providers or financial institutions.
