Karachi, February 22, 2025 – The foreign exchange market in Pakistan continues to exhibit dynamic fluctuations, influenced by global economic trends and domestic financial policies.
As of Saturday, February 22, 2025, the open market currency exchange rates have been updated to reflect the latest buying and selling prices.
The US Dollar (USD) remains a focal point in Pakistan’s forex market. Currently, the buying rate stands at Rs279.95, while the selling rate is Rs281.45. This slight appreciation from the previous day’s rate of Rs279.75 indicates ongoing adjustments influenced by international trade activities and remittance inflows.
The Euro (EUR) has also experienced movement, with the buying rate now at Rs292.75 and the selling rate at Rs295.50. This change reflects the Eurozone’s economic developments and their ripple effects on the Pakistani market. Similarly, the British Pound Sterling (GBP) is being bought at Rs353.50 and sold at Rs357.00, showcasing its strength in the current exchange landscape.
In the Middle Eastern currency segment, the Saudi Riyal (SAR) maintains stability, with a buying rate of Rs74.30 and a selling rate of Rs74.85. The United Arab Emirates Dirham (AED) mirrors this steadiness, being bought at Rs75.95 and sold at Rs76.60. These rates are particularly significant given Pakistan’s robust trade relations and the substantial expatriate communities in these Gulf nations.
The Australian Dollar (AUD) is currently trading at Rs179.25 for buying and Rs181.50 for selling. This reflects Australia’s commodity-driven economy and its interactions with global markets, which in turn influence its exchange rate against the Pakistani Rupee. Meanwhile, the Canadian Dollar (CAD) stands at Rs197.10 for buying and Rs199.50 for selling, indicating its performance amidst global oil price fluctuations and economic indicators.
Asian currencies such as the Chinese Yuan (CNY) are also noteworthy. The Yuan is being bought at Rs37.59 and sold at Rs37.99, underscoring the growing trade volume between Pakistan and China under initiatives like the China-Pakistan Economic Corridor (CPEC). Additionally, the Japanese Yen (JPY) is trading at Rs1.86 for buying and Rs1.92 for selling, reflecting its position in the international market and its impact on bilateral trade agreements.
The Kuwaiti Dinar (KWD), known for its high value, is being bought at Rs898.15 and sold at Rs907.65. This rate is significant for Pakistani workers in Kuwait who remit earnings back home, influencing the local economy. Similarly, the Omani Riyal (OMR) stands at Rs720.75 for buying and Rs729.25 for selling, playing a crucial role for expatriates and traders engaged with Oman.
Market analysts attribute these fluctuations to a myriad of factors, including international economic conditions, geopolitical events, and domestic monetary policies. The interplay of supply and demand in the forex market, influenced by import-export activities and remittance flows, also plays a pivotal role in determining these rates.
For businesses engaged in international trade, staying abreast of these exchange rates is essential for financial planning and cost management. Similarly, individuals looking to remit money or travel abroad should consider these rates to make informed decisions. Financial experts recommend regular monitoring of the forex market and consulting with financial advisors to navigate the complexities of currency exchange effectively.
In conclusion, the currency exchange landscape in Pakistan as of February 22, 2025, reflects a confluence of global and domestic economic factors. Staying informed and proactive is key for stakeholders to manage their financial interests amidst the ever-evolving forex market dynamics.