Karachi, November 6, 2024 – Today’s currency exchange rates in Pakistan reflect diverse trends as the open market trade began on Wednesday, November 6, 2024.
The exchange rates include major global currencies ranging from the US Dollar to the Euro, British Pound, and regional currencies like the Saudi Riyal and Indian Rupee. Here’s an overview of the major currency fluctuations today, highlighting their buying and selling rates.
The US Dollar (USD) remains one of the most closely monitored currencies in Pakistan due to its significant influence on trade and remittances. Today, the buying rate for the dollar opened at PKR 277.35, with a selling rate of PKR 278.90. The recent trends show a slight increase compared to previous weeks, influenced by global market conditions and the international value of the dollar.
The Euro (EUR), another crucial currency for Pakistan’s trading partners, stands at a buying rate of PKR 300.00 and a selling rate of PKR 302.75. This steady rate reflects the ongoing demand for the euro in business and travel, despite economic shifts in the eurozone.
The British Pound (GBP) is trading at PKR 357.45 for buying and PKR 360.95 for selling, marking its strong position among foreign currencies in the market. The value of the pound remains high, impacted by ongoing developments in the UK economy and trade policies that influence the currency’s performance globally.
In the Middle East, the Saudi Riyal (SAR) and the UAE Dirham (AED) are particularly important due to the large number of Pakistani expatriates working in these countries. The Saudi Riyal is trading at PKR 73.65 for buying and PKR 74.20 for selling, while the UAE Dirham stands at PKR 75.35 for buying and PKR 76.00 for selling.
Other notable mentions include the Canadian Dollar (CAD) at PKR 200.07 for buying and PKR 202.47 for selling, and the Australian Dollar (AUD) at PKR 182.95 for buying and PKR 185.20 for selling. The currencies of these countries continue to be stable due to trade relations and steady economic policies.
Among the regional currencies, the Indian Rupee (INR) is trading at PKR 3.34 for buying and PKR 3.45 for selling, reflecting the ongoing changes in the South Asian region’s economic dynamics.
These exchange rates highlight the open market’s response to global economic trends and local demand-supply dynamics. As currency values continue to fluctuate, they impact import costs, export revenues, and inflation in Pakistan, making them a critical focus for businesses and policymakers alike.
