Karachi, February 15, 2025 – The currency exchange rates in Pakistan, as recorded at the commencement of trade in the open market today, show notable variations across major global currencies.
The foreign exchange market remains a critical barometer of economic activity, influencing trade, investments, and monetary policies.
The US dollar, a primary benchmark in currency markets, is trading at Rs. 279.75 for buying and Rs. 281.25 for selling. The dollar’s consistent position highlights ongoing market stability, though minor fluctuations continue to reflect global economic trends. The currency’s performance remains a key indicator of Pakistan’s import-export dynamics.
The euro stands at Rs. 291 for buying and Rs. 293.75 for selling, showing resilience as the European market navigates economic adjustments. The British pound sterling, another prominent currency in international trade, is available at Rs. 349.75 for buying and Rs. 353.25 for selling. The robust standing of these currencies indicates steady demand in the local market.
Among regional currencies, the Saudi riyal is being traded at Rs. 74.25 for buying and Rs. 74.80 for selling, while the UAE dirham is available at Rs. 75.95 and Rs. 76.60, respectively. These currencies continue to be essential for remittances from Pakistani expatriates in the Middle East, supporting the country’s foreign exchange reserves.
The Australian dollar has opened at Rs. 176.75 for buying and Rs. 179 for selling, reflecting market responses to economic developments in Australia. Similarly, the Canadian dollar stands at Rs. 196.60 for buying and Rs. 199 for selling, influenced by trade movements and global commodity prices.
Asian currencies like the Chinese yuan, trading at Rs. 37.59 for buying and Rs. 37.99 for selling, and the Japanese yen at Rs. 1.84 and Rs. 1.90, respectively, maintain steady positions, reflecting stable trade relations between Pakistan and its eastern partners.
The currency market in Pakistan remains sensitive to international developments, including commodity prices, geopolitical dynamics, and central bank policies. The ongoing stability in exchange rates suggests a balanced demand-supply equation for major currencies.
Market participants are advised to stay informed about real-time updates, as currency rates can fluctuate based on immediate economic news and global market conditions. The open market remains a crucial arena for observing the economic pulse through currency movements.