Karachi, February 9, 2025 – The currency exchange market in Pakistan remained inactive on Sunday, February 9, 2025, as the open market was closed.
However, the latest currency exchange rates reflect the closing figures from the previous trading day. The exchange rate fluctuations are crucial for traders, investors, and businesses engaged in international transactions, as the value of currency directly impacts import and export costs.
The US dollar (USD), which remains the most influential foreign currency in Pakistan’s exchange market, closed at a buying rate of 279.6 and a selling rate of 281.1. This stability in the dollar rate follows a week of minor fluctuations amid global economic trends. The Pakistani rupee has shown slight resistance against the greenback in recent days, driven by increased remittances and foreign investments.
Among other major currencies, the British pound (GBP) stood at a buying rate of 346.75 and a selling rate of 350.25. The euro (EUR), another key currency in Pakistan’s exchange spectrum, was valued at 290 for buying and 292.75 for selling. Meanwhile, the Saudi riyal (SAR) and the UAE dirham (AED), both crucial for overseas Pakistani workers, recorded buying rates of 74.2 and 75.85, respectively, with selling rates of 74.75 and 76.5.
In the Asian currency segment, the Chinese yuan (CNY) was exchanged at a buying price of 37.59 and a selling price of 37.99. The Japanese yen (JPY) maintained a lower value at 1.85 for buying and 1.91 for selling, reflecting its current international standing. The Indian rupee (INR), which holds significant interest for regional traders, stood at a buying rate of 3.11 and a selling rate of 3.2.
The Kuwaiti dinar (KWD) remained one of the strongest foreign currencies in Pakistan’s market, with a buying rate of 896.3 and a selling rate of 905.8. Similarly, the Omani riyal (OMR) and Bahraini dinar (BHD) held steady at 722.9 and 738.6 for buying, respectively.
The movement of currency exchange rates is subject to economic policies, global demand, and geopolitical developments. Analysts predict that in the coming weeks, Pakistan’s currency market may see fluctuations due to external debt payments and trade balance adjustments.
As the foreign exchange market reopens on Monday, traders and businesses will be closely monitoring currency trends to strategize their financial transactions effectively.