KARACHI – Pakistani rupee continues to remain under pressure against various foreign currencies in open market as the buying and selling prices of Euro, Saudi Riyal and UK Pound witnessed fluctuations.
On July 16, US Dollar’s buying rate stood at Rs287.4, while selling rate hovered at Rs288.1, according to forex.pk
Euro’s (EUR) buying rate stood at Rs336 and the selling rate at Rs339.5 while UK Pound buying rates settled at Rs387 and selling Rs392.
Several currencies, including the Australian Dollar (AUD), Canadian Dollar (CAD), Chinese Yuan (CNY), Danish Krone (DKK), Japanese Yen (JPY), Kuwaiti Dinar (KWD), Malaysian Ringgit (MYR), New Zealand Dollar (NZD), and Swiss Franc (CHF), showed no change in their rates compared to the previous update.
Currency Exchange Rates Today
| Currency | Symbol | Buying (Rs) | Selling (Rs) |
|---|---|---|---|
| US Dollar | USD | 287.4 | 288.1 |
| Euro | EUR | 336 | 339.5 |
| UK Pound Sterling | GBP | 387 | 392 |
| Australian Dollar | AUD | 187 | 192 |
| Bahrain Dinar | BHD | 760.1 | 770.1 |
| Canadian Dollar | CAD | 210 | 215 |
| China Yuan | CNY | 39.19 | 39.59 |
| Danish Krone | DKK | 44.27 | 44.67 |
| Hong Kong Dollar | HKD | 35.93 | 36.28 |
| Indian Rupee | INR | 3.23 | 3.33 |
| Japanese Yen | JPY | 1.93 | 2.03 |
| Kuwaiti Dinar | KWD | 928.25 | 940.25 |
| Malaysian Ringgit | MYR | 66.3 | 66.9 |
| New Zealand Dollar | NZD | 168.86 | 170.86 |
| Norwegian Krone | NOK | 27.94 | 28.24 |
| Omani Riyal | OMR | 744.85 | 754.85 |
| Qatari Riyal | QAR | 77.43 | 78.13 |
| Saudi Riyal | SAR | 76.6 | 77.4 |
| Singapore Dollar | SGD | 221.75 | 226.75 |
| Swedish Korona | SEK | 29.69 | 29.99 |
| Swiss Franc | CHF | 353.73 | 356.48 |
| Thai Baht | THB | 8.57 | 8.72 |
| UAE Dirham | AED | 78.3 | 79.2 |
Currency exchange is the process of converting one country’s currency into another. It plays a crucial role in global trade, travel, and investment. By enabling international transactions, currency exchange supports businesses, tourists, and governments in conducting cross-border activities.
The exchange rate—how much one currency is worth in terms of another—affects import and export prices, inflation, and economic stability. Central banks and financial institutions monitor exchange rates to manage economic policy.
For travelers, exchanging currency ensures they can spend money abroad. For investors, fluctuations in exchange rates create opportunities and risks. Overall, currency exchange is essential for a connected global economy.
