KARACHI – Currency exchange rates in Pakistan are a crucial factor impacting everything from trade balances and inflation to remittances and investment alike the other world.
The value of the Pakistani rupee (PKR) against other major currencies such as the US dollar (USD), euro, and the British pound has far-reaching consequences for businesses, consumers, and the government alike.
The currency exchange rates are also closely monitored by overseas Pakistanis and investors on daily basis.
Fluctuations in exchange rates also affect foreign direct investment (FDI). A stable and predictable exchange rate environment is often more attractive to foreign investors, as it reduces the risk of exchange rate losses.
Currency Exchange Rates in Open Market of Pakistan
US Dollar registered slight decline against Pakistani rupee with a buying rate of 280.9 and a selling rate of 283.15 Euro (EUR) is trading at 330.6 for buying and 334.1 for selling, while the UK Pound Sterling (GBP) is at 378.5 and 382.5, respectively.
UAE Dirham (AED) is available at 76.65/77.45, and the Saudi Riyal (SAR) is at 74.9/75.5. Other notable rates include the Australian Dollar (AUD) at 185.5/189, Canadian Dollar (CAD) at 202.5/205 and the Swiss Franc (CHF) at 351.34/35.4.09.
Japanese Yen (JPY) remains lower in value at 1.79/1.89, reflecting ongoing market trends. Kuwaiti Dinar (KWD) trading at 912.4/921.4, the Omani Riyal (OMR) at 729.1/739.1, and the Qatari Riyal (QAR) at 76.47/77.17.
