As of 1:45 PM Pakistan Standard Time, the latest open market currency exchange rates in Karachi reveal notable fluctuations in the value of major global currencies against the Pakistani Rupee (PKR).
These exchange rates reflect both buying and selling prices of international currencies as they are traded in the local open market, providing vital insights for traders, travelers, and businesses dealing in foreign transactions.
The US Dollar (USD), which remains one of the most closely monitored currencies in Pakistan, is being bought at PKR 179.60 and sold at PKR 180.80. The slight difference between the buying and selling rates reflects the spread that dealers earn on these transactions. The UK Pound Sterling (GBP), another strong international currency, stands at PKR 237.00 on the buying side and PKR 239.50 on the selling side, indicating its continued strength.
The Euro (EUR), frequently used in cross-border European trade, is exchanged at PKR 200.00 for buying and PKR 201.50 for selling. Among the Gulf currencies, the Saudi Riyal (SAR) is trading at PKR 46.60 for buying and PKR 47.10 for selling, while the UAE Dirham (AED) is being exchanged between PKR 49.50 and PKR 50.00. These exchange rates are particularly important for expatriates sending remittances back to Pakistan.
Asian currencies also show consistent patterns. The Chinese Yuan (CNY) is trading at PKR 23.50 to PKR 23.90, while the Japanese Yen (JPY) is available at PKR 1.41 for buying and PKR 1.44 for selling. Regional currency movements are closely monitored as they impact trade volumes, especially with neighboring countries.
Other notable currencies include the Australian Dollar (AUD) at PKR 127.00 to PKR 128.50, and the Canadian Dollar (CAD) at PKR 137.50 to PKR 139.00. The Swiss Franc (CHF), known for its stability, is also featured at PKR 160.00 on the buying side and PKR 160.90 on the selling side.
These exchange rates are subject to constant fluctuation due to changing market dynamics, global economic indicators, and domestic monetary policies. Keeping track of currency values and exchange rates remains crucial for informed financial decisions, whether for personal travel, remittances, or international trade dealings.