As trade launched in the open market today, the significant fluctuations in currency exchange rates in Pakistan marked the start of the day. As the Pakistani rupee moves through the highly volatile global currency market, it indicates a variety of exchange rates for multiple foreign currencies for buying and selling. The rates mentioned are important for importers, exporters, and the public at large that need foreign currency for purposes of travel or making international transactions.
One of today’s notable features in the exchange market is the robust value of the US Dollar (USD), which is available for purchase at PKR 279.1 and for sale at PKR 280.7. Owing to this situation, the role of the USD is critically important for the local economy, as it mirrors the economic trends observed around the world and the situation in Pakistan.
EUR is a major currency due to its buying rate, PKR 308.85, and a selling rate of PKR 311.6. This parallels the current vigour of the Euro in foreign markets, stimulated by economic events in the Eurozone. The GBP stays strong, bought at PKR 366.6 and sold at PKR 370.1, keeping its strong value against the rupee.
The exchange rate in the Gulf region showcases that the Saudi Riyal (SAR) is trading at PKR 73.85 for buying and PKR 74.4 for selling, in contrast, the UAE Dirham (AED) is available at PKR 75.55 during purchase and at PKR 76.2 for selling. The Bahraini Dinar (BHD) and Kuwaiti Dinar (KWD) continue to be two of the highest-valued currencies, trading at PKR 732.3 for purchase and PKR 740.3 for sale, with the KWD traded at PKR 900.65 for purchase and PKR 910.15 for sale.
Asian currencies, including the Japanese Yen (JPY) and Chinese Yuan (CNY), are at present trading relatively lower versus the Pakistani rupee. The JPY is on offer for PKR 1.93 when acquired and PKR 1.99 for resale, while the CNY is sold for PKR 38.25 when you buy and PKR 38.65 for resale.
In addition, the Canadian Dollar (CAD) is valued at PKR 207.1 for buying and PKR 209.5 for selling, and the Australian Dollar (AUD) is trading for PKR 185.25 when buying and PKR 187.5 when selling.
As we move forward into the day, these percentages could transform due to multiple economic elements. People and organizations involved in foreign currency exchanges are encouraged to maintain their awareness of current market trends.
| Currency | Buying Rate (PKR) | Selling Rate (PKR) |
|---|---|---|
| US Dollar (USD) | 279.1 | 280.7 |
| Euro (EUR) | 308.85 | 311.6 |
| British Pound (GBP) | 366.6 | 370.1 |
| Saudi Riyal (SAR) | 73.85 | 74.4 |
| UAE Dirham (AED) | 75.55 | 76.2 |
| Bahraini Dinar (BHD) | 732.3 | 740.3 |
| Kuwaiti Dinar (KWD) | 900.65 | 910.15 |
| Japanese Yen (JPY) | 1.93 | 1.99 |
| Chinese Yuan (CNY) | 38.25 | 38.65 |
| Canadian Dollar (CAD) | 207.1 | 209.5 |
| Australian Dollar (AUD) | 185.25 | 187.5 |