Forex Fluctuations: Unraveling the March 1, 2024 Rates
As of March 1, 2024, the intricate dance of currency exchange rates in Pakistan continues to play a pivotal role in shaping the economic landscape of the nation. For investors, businesses, and everyday consumers alike, understanding the latest fluctuations in exchange rates is crucial for informed decision-making. In this comprehensive analysis, we delve into the latest currency exchange rates, shedding light on the dynamics that influence these rates and providing a detailed overview of various foreign and local currencies in Pakistan’s open market.
Current Exchange Rates:
As of the latest update on March 1, 2024, the US Dollar stands tall, commanding a buying rate of Rs 279.3 and a selling rate of Rs 282.4 in both local and open markets. This serves as a foundational point for our exploration of the broader currency landscape in Pakistan.
Table: Latest Exchange Rates in Pakistan (as of March 1, 2024)
| Currency | Code | Buying Rate | Selling Rate |
|---|---|---|---|
| US Dollar | USD | 279.3 | 282.4 |
| Euro | EUR | 302 | 305 |
| UK Pound Sterling | GBP | 353 | 356 |
| U.A.E Dirham | AED | 76.15 | 76.85 |
| Saudi Riyal | SAR | 74.4 | 75.2 |
| Australian Dollar | AUD | 181 | 183 |
| Bahrain Dinar | BHD | 743 | 751 |
| Canadian Dollar | CAD | 207 | 209 |
| China Yuan | CNY | 38.89 | 39.04 |
| Danish Krone | DKK | 40.38 | 41.06 |
| Hong Kong Dollar | HKD | 35.74 | 36.22 |
| Indian Rupee | INR | 3.39 | 3.48 |
| Japanese Yen | JPY | 1.90 | 2.00 |
| Kuwaiti Dinar | KWD | 902 | 911 |
| Malaysian Ringgit | MYR | 58.48 | 59.08 |
| New Zealand Dollar | NZD | 177.84 | 179.84 |
| Norwegian Krone | NOK | 25.02 | 25.32 |
| Omani Riyal | OMR | 727 | 730 |
| Qatari Riyal | QAR | 77.04 | 77.74 |
| Singapore Dollar | SGD | 207 | 209 |
| Swedish Korona | SEK | 25.98 | 26 |
| Swiss Franc | CHF | 320.98 | 323.48 |
| Thai Bhat | THB | 7.76 | 7.91 |
Diverse Currencies and Their Impact:
The table above provides a snapshot of exchange rates for various currencies, including the UK Pound Sterling, European Euro, UAE Dirham, Saudi Riyal, Australian Dollar, and many more. These rates are reflective of the intricate web of global economic interactions and geopolitical influences that shape currency values.
Understanding the Dynamics:
Exchange rates are not static; they are dynamic, constantly influenced by market forces and global currency demands. It’s important to recognize the potential variations in exchange rates, influenced by factors such as geopolitical events, economic indicators, and market sentiment.
Accurate Timing:
The rates presented here are meticulously updated at 09:00 AM on Pakistan Standard Time (PST). This timely update ensures that users have access to the latest and most accurate information, empowering them to make well-informed decisions regarding currency transactions.
Related Article: Currency exchange rates in Pakistan today – October 22, 2023
Conclusion:
In conclusion, navigating Pakistan’s dynamic currency landscape requires a keen understanding of the latest exchange rates and the factors influencing them. The provided table serves as a valuable resource for individuals and businesses alike, offering a comprehensive overview of the currency market as of March 1, 2024. As we move forward, staying informed and adaptable in response to changing market dynamics will be key to navigating the complexities of the currency exchange landscape.
