Today’s open market currency rates in Pakistan are as follows:
Today's open market currency rates in Pakistan are as follows:
- U.S. Dollar (USD): Buying at 277.25 PKR, Selling at 280.00 PKR
- Euro (EUR): Buying at 294.00 PKR, Selling at 297.00 PKR
- British Pound (GBP): Buying at 344.60 PKR, Selling at 348.00 PKR
- UAE Dirham (AED): Buying at 75.05 PKR, Selling at 75.80 PKR
- Saudi Riyal (SAR): Buying at 73.25 PKR, Selling at 73.95 PKR
- Kuwaiti Dinar (KWD): Buying at 903.39 PKR, Selling at 912.39 PKR
- Canadian Dollar (CAD): Buying at 203.00 PKR, Selling at 205.00 PKR
- Australian Dollar (AUD): Buying at 180.00 PKR, Selling at 182.00 PKR
- Omani Riyal (OMR): Buying at 722.98 PKR, Selling at 730.98 PKR
- Japanese Yen (JPY): Buying at 1.91 PKR, Selling at 1.99 PKR
- Malaysian Ringgit (MYR): Buying at 58.38 PKR, Selling at 58.98 PKR
- Qatari Riyal (QAR): Buying at 76.47 PKR, Selling at 77.17 PKR
- Bahrain Dinar (BHD): Buying at 740.29 PKR, Selling at 748.29 PKR
- Thai Baht (THB): Buying at 7.50 PKR, Selling at 7.65 PKR
- Chinese Yuan (CNY): Buying at 38.45 PKR, Selling at 38.85 PKR
- Hong Kong Dollar (HKD): Buying at 35.58 PKR, Selling at 35.93 PKR
- Danish Krone (DKK): Buying at 39.85 PKR, Selling at 40.25 PKR
- New Zealand Dollar (NZD): Buying at 164.24 PKR, Selling at 166.24 PKR
- Singapore Dollar (SGD): Buying at 204.50 PKR, Selling at 206.50 PKR
- Norwegian Krone (NOK): Buying at 25.12 PKR, Selling at 25.42 PKR
- Swedish Krona (SEK): Buying at 25.36 PKR, Selling at 25.66 PKR
- Swiss Franc (CHF): Buying at 302.73 PKR, Selling at 305.23 PKR
- Indian Rupee (INR): Buying at 3.34 PKR, Selling at 3.45 PKR
In Pakistan, the open market operates as a platform where economic players can freely trade without external constraints, promoting free trade between countries. Open markets facilitate the transaction of assets and currencies between countries, promoting competition and equal opportunity among economic players.
The currency exchange rate indicates the value of a currency in foreign markets, influencing trade and investment decisions. Factors such as interest rates, money supply, and economic stability affect exchange rates. Banks and money changers facilitate currency exchange, with rates varying between interbank and open market rates.
The exchange rate plays a crucial role in a country’s economy, reflecting its economic strength and influencing global trade. Pakistan’s economy has faced challenges, leading to fluctuations in currency exchange rates. While recent governmental measures aimed to stabilize the currency, challenges persist, impacting exchange rates and the economy at large.
