Karachi, February 20, 2025 – The foreign exchange market in Pakistan remained active today, with fluctuations observed in various currency rates.
As of 11:30 AM, the open market recorded new buying and selling rates for major international currencies.
The US Dollar (USD) was traded at 279.85 for buying and 281.35 for selling, maintaining its strong position against the Pakistani Rupee (PKR). The Euro (EUR) saw a slight increase, with a buying rate of 291.25 and a selling rate of 294. Similarly, the British Pound Sterling (GBP) continued to remain high in value, being exchanged at 351.5 for buying and 355 for selling.
The exchange rate of the Saudi Riyal (SAR) stood at 74.3 for buying and 74.85 for selling, reflecting stable demand in the local market. The UAE Dirham (AED), another widely traded currency in Pakistan, was recorded at 75.95 for buying and 76.6 for selling. Meanwhile, the Chinese Yuan (CNY) traded at 37.59 for buying and 37.99 for selling.
Among other major currencies, the Canadian Dollar (CAD) stood at 197.1 for buying and 199.5 for selling, while the Australian Dollar (AUD) was exchanged at 178 and 180.25, respectively. The Kuwaiti Dinar (KWD), being one of the highest-valued foreign currencies, was recorded at 897 for buying and 906.5 for selling.
The demand for foreign currency continues to be influenced by various economic factors, including international trade, remittances, and investor sentiment. The steady performance of the US Dollar indicates its dominance in Pakistan’s foreign exchange market. Meanwhile, regional currencies such as the Indian Rupee (INR) and the Malaysian Ringgit (MYR) remained relatively stable, with the INR trading at 3.11 for buying and 3.2 for selling, while the MYR was exchanged at 62.18 and 62.78, respectively.
With the global economic outlook and local financial policies affecting exchange rates, market observers are keenly watching the trends. The fluctuation in currency values impacts importers, exporters, and travelers alike. The Pakistani Rupee’s performance against foreign currencies remains crucial for the country’s economic stability.
Traders and investors are advised to stay updated on currency trends, as exchange rates are subject to rapid changes based on supply and demand dynamics in the international market.