Currency Exchange Rates in Pakistan
In today’s rapidly evolving global economy, keeping a close eye on foreign currency exchange rates is essential for individuals and businesses alike. On September 1, 2023, the currency market in Pakistan witnessed fluctuations in exchange rates for major foreign currencies, including the US Dollar, Euro, Pound Sterling, Saudi Riyal, and more. This article provides an in-depth analysis of the exchange rates prevailing in the Pakistan open market, offering insights for investors, travelers, and financial enthusiasts
US Dollar (USD): The Backbone of Global Trade
The US Dollar, symbolized as USD, remains a dominant force in the global economy. On September 1, 2023, the buying rate for the US Dollar stood at 324.9 Pakistani Rupees (PKR), while the selling rate was 328.15 PKR. As one of the most widely traded currencies, fluctuations in the USD exchange rate can have a significant impact on international trade and investment.
Euro (EUR): Navigating Economic Uncertainties
The Euro, denoted as EUR, is the official currency of the Eurozone. On this day, the Euro was being bought at 348 PKR and sold at 351 PKR. With its influence stretching across multiple European nations, the Euro’s exchange rate can reflect economic sentiments and uncertainties within the region.
UK Pound Sterling (GBP): Brexit and Beyond
Brexit-related developments have often impacted the UK Pound Sterling (GBP) exchange rate. On September 1, 2023, the GBP was being bought at 407 PKR and sold at 411 PKR. Investors and traders keenly monitor the GBP’s performance to gauge the effects of geopolitical events on currency values.
Saudi Riyal (SAR): Regional Dynamics
The Saudi Riyal (SAR), with a buying rate of 86 PKR and a selling rate of 86.8 PKR, plays a significant role in the Middle East’s economic landscape. Oil prices and geopolitical factors often influence the Riyal’s performance, making it an essential currency for those monitoring the energy sector.
| Currency | Symbol | Buying | Selling |
|---|---|---|---|
| US Dollar | USD | 324.9 | 328.15 |
| Euro | EUR | 348 | 351 |
| UK Pound Sterling | GBP | 407 | 411 |
| U.A.E Dirham | AED | 89.2 | 90 |
| Saudi Riyal | SAR | 86 | 86.8 |
| Australian Dollar | AUD | 206 | 210 |
| Bahrain Dinar | BHD | 807.97 | 815.97 |
| Canadian Dollar | CAD | 235 | 240 |
| China Yuan | CNY | 41.75 | 42.15 |
| Danish Krone | DKK | 44.22 | 44.6 |
| Hong Kong Dollar | HKD | 38.72 | 39.07 |
| Indian Rupee | INR | 3.63 | 3.74 |
| Japanese Yen | JPY | 2.3 | 2.38 |
| Kuwaiti Dinar | KWD | 985.36 | 994.36 |
| Malaysian Ringgit | MYR | 63.83 | 64.43 |
| New Zealand Dollar | NZD | 179.13 | 181.13 |
| Norwegians Krone | NOK | 28.04 | 28.34 |
| Omani Riyal | OMR | 789.03 | 797.03 |
| Qatari Riyal | QAR | 83.27 | 83.97 |
| Singapore Dollar | SGD | 233 | 238 |
| Swedish Korona | SEK | 26.74 | 27.04 |
| Swiss Franc | CHF | 345.28 | 347.78 |
| Thai Bhat | THB | 8.61 | 8.76 |
Related Article: Foreign Currency Exchange Rates in Pakistan Today, July 21, 2023: Dollar, Euro, Pound, and Rial Rates
