The open market in Pakistan witnessed notable fluctuations in currency conversion rates between August 4 and August 9, 2025.
Traders, businesses, and overseas remittance recipients closely monitored these changes as they impacted import costs, travel budgets, and foreign transactions.
US Dollar and Major Currencies
The currency conversion rate for the US Dollar showed marginal movement, closing at PKR 284 buying and PKR 285 selling on August 9, compared to PKR 284.65 and PKR 285.25 on August 4. The Euro strengthened slightly, moving from PKR 328.8 to PKR 330.3 in buying rates. Similarly, the UK Pound Sterling rose from PKR 377.2 to PKR 380.65, reflecting stronger demand in the market.
Regional Currencies and Asian Market Influence
Among regional players, the Chinese Yuan and Indian Rupee saw minor adjustments, with the Yuan moving from PKR 39.03 to PKR 39.1 and the Indian Rupee shifting from PKR 3.14 to PKR 3.13. The Japanese Yen maintained stability, while Gulf currencies such as the Saudi Riyal and UAE Dirham stayed within narrow bands, highlighting steady remittance flows from the Middle East.
Global Currency Conversion Trends
The week’s currency conversion data also revealed a modest gain for the Swiss Franc, climbing from PKR 346.94 to PKR 348.5, while the Canadian Dollar and Australian Dollar experienced slight increases, reflecting broader trends in the Asia-Pacific region.
In conclusion, Pakistan’s currency market remained relatively stable during the week, with minor fluctuations influenced by international trade flows, remittances, and speculative activities. For importers, exporters, and travelers, staying updated on currency conversion rates is essential for effective financial planning.