the exchange rates in Pakistan’s open market have shown varied trends across different currencies. The US Dollar continues to be a significant benchmark, with its buying rate at 279.4 PKR and selling rate at 280.5 PKR. In contrast, the Euro and British Pound also maintain a strong presence, reflecting the ongoing fluctuations in international financial markets.
Among other currencies, the Kuwaiti Dinar and Omani Riyal stand out with their higher values compared to the US Dollar, indicating a continued demand for these currencies in Pakistan. Conversely, the Japanese Yen and Malaysian Ringgit exhibit lower exchange rates, reflecting different economic conditions and market sentiments.
Latest currency rates in the Pakistani open market:
| Currency | Buy | Sell |
|---|---|---|
| US Dollar | 279.4 | 280.5 |
| Euro | 303.7 | 305.9 |
| British Pound | 355.5 | 357.5 |
| UAE Dirham | 75.8 | 76.5 |
| Saudi Riyal | 73.85 | 74.55 |
| Kuwaiti Dinar | 905.35 | 910.5 |
| Canadian Dollar | 202.65 | 207 |
| Australian Dollar | 183.9 | 187.5 |
| Omani Riyal | 723.4 | 728.5 |
| Japanese Yen | 1.91 | 1.99 |
| Malaysian Ringgit | 58.75 | 59.55 |
| Qatari Riyal | 76.44 | 77.14 |
| Bahrain Dinar | 738 | 743.5 |
| Thai Baht | 7.57 | 7.72 |
| Chinese Yuan | 38.29 | 38.69 |
| Hong Kong Dollar | 35.68 | 36.03 |
| Danish Krone | 40.03 | 40.43 |
| New Zealand Dollar | 169.34 | 171.34 |
| Singapore Dollar | 202 | 204 |
| Norwegian Krone | 26.14 | 26.44 |
| Swedish Krona | 26.27 | 26.57 |
| Swiss Franc | 319.5 | 324.5 |
| Indian Rupee | 3.34 | 3.45 |
Open Market Currency Rates in Pakistan
Understanding the exchange rates in Pakistan’s open market is crucial for gaining insight into the current economic landscape and market trends. As global free trade becomes increasingly prevalent, it’s essential for Pakistani businesses and individuals to stay informed about the currency rates, particularly in major cities such as Karachi, Lahore, Islamabad, and Peshawar.
This week, the Pakistani rupee has experienced some fluctuations in the open market. Foreign currency exchange rates in Pakistan can vary daily based on market dynamics and influencing factors. As of today, the open market rates are as follows: the US Dollar is trading at approximately 277 PKR, the Euro at 297 PKR, and the British Pound at 349 PKR. Additionally, the UAE Dirham is valued at 75 PKR.
It’s important to note that these open market rates are generally higher than those offered by banks or other financial institutions. Consequently, Pakistani currency exchange traders use these open market rates to determine the USD/PKR exchange rate, reflecting a slightly different rate than what is available at banks.
Source: Forex Association of Pakistan. (last update 09:30 AM)
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