Karachi, February 17, 2025 – The foreign currency exchange market in Pakistan opened with mixed trends across major global currencies as of Monday, February 17, 2025. The Pakistani rupee showed stability against key international currencies, reflecting the market’s cautious sentiment amid global economic developments.
The US dollar, the most widely traded currency, opened at a buying rate of PKR 279.75 and a selling rate of PKR 281.25. The dollar’s relative stability underscores the rupee’s resilience despite ongoing external pressures. The euro followed suit, starting the day at PKR 291 for buying and PKR 293.75 for selling, signaling steady demand for the European currency in the local market.
The British pound sterling was recorded at PKR 349.75 for buying and PKR 353.25 for selling. The pound’s higher valuation indicates sustained interest in the currency, especially with recent financial movements in global markets. Meanwhile, the Australian dollar opened at PKR 176.75 buying and PKR 179 selling, reflecting slight fluctuations compared to the previous trading sessions.
Among Middle Eastern currencies, the Saudi riyal traded at PKR 74.25 for buying and PKR 74.80 for selling, while the UAE dirham stood firm at PKR 75.95 buying and PKR 76.60 selling. The Kuwaiti dinar, the strongest currency in the region, opened at PKR 898.15 for buying and PKR 907.65 for selling, maintaining its position as a key currency for trade and remittances.
The Chinese yuan, reflecting China’s strong economic ties with Pakistan, started at PKR 37.59 for buying and PKR 37.99 for selling. The Malaysian ringgit stood at PKR 62.18 buying and PKR 62.78 selling, indicating consistent activity in trade transactions between the two nations.
Currency movements in Pakistan are closely monitored by businesses and investors alike, as fluctuations can directly impact trade, remittances, and inflation trends. The stability of the rupee against major currencies such as the dollar, euro, and pound plays a significant role in shaping market sentiment.
Market analysts suggest keeping an eye on upcoming international financial developments, which might influence the currency exchange rates in the coming days. The open market rates are subject to change throughout the day based on demand and supply dynamics.
Disclaimer: The above rates are indicative of market trends and may vary depending on location and service providers.