Karachi, Pakistan – On Thursday, June 8, 2023, the exchange rate of the US Dollar against the Pakistani Rupee stood at Rs 298.5 in the local market, with a selling rate of Rs 301. These rates, however, are subject to variation based on factors such as location and the specific exchange company or bank involved in the transaction.
Foreign Currency Exchange Rates in Pakistan’s Open Market:
The open market in Pakistan witnesses constant fluctuations in exchange rates due to the dynamic nature of supply and demand. Below are the current rates for various foreign currencies against the Pakistani Rupee:
- US Dollar (USD): Buying Rate: Rs 298.5 Selling Rate: Rs 301
- UK Pound Sterling (GBP): Buying Rate: Rs 366 Selling Rate: Rs 370
- European Euro (EUR): Buying Rate: Rs 317 Selling Rate: Rs 320
- UAE Dirham (AED): Buying Rate: Rs 82 Selling Rate: 83
- Saudi Riyal (SAR): Buying Rate: Rs 78.7 Selling Rate:79.5
Please note that these rates are provided as a general reference and may differ based on geographical location and the particular exchange company or bank involved in the transaction. It is recommended to check with the respective financial institution or currency exchange provider for the most accurate and up-to-date rates.
Pakistan’s Local Market
| Currency | Buying | Selling | |
| US Dollar | USD | 289.5 | 301 |
| Euro | EUR | 317 | 320 |
| UK Pound Sterling | GBP | 366 | 370 |
| U.A.E Dirham | AED | 82 | 83 |
| Saudi Riyal | SAR | 78.7 | 79.5 |
| Australian Dollar | AUD | 202 | 204 |
| Bahrain Dinar | BHD | 758.24 | 766.24 |
| Canadian Dollar | CAD | 227 | 230 |
| China Yuan | CNY | 40.28 | 40.58 |
| Danish Krone | DKK | 41.16 | 41.56 |
| Hong Kong Dollar | HKD | 36.6 | 36.95 |
| Indian Rupee | IND | 3.45 | 3.56 |
| Japanese Yen | JPY | 2 | 2.08 |
| Kuwaiti Dinar | KWD | 927.05 | 936.05 |
| Malaysian Ringgit | MYR | 62.42 | 63.02 |
| New Zealand Dollar | NZD | 173.16 | 175.16 |
| Norwegians Krone | NOK | 25.67 | 25.97 |
| Omani Riyal | OMR | 740.5 | 748.5 |
| Qatari Riyal | QAR | 78.37 | 79.07 |
| Singapore Dollar | SGD | 220 | 222 |
| Swedish Korona | SEK | 26.36 | 26.66 |
| Swiss Franc | CHF | 314.07 | 316.57 |
| Thai Bhat | THB | 8.21 | 8.36 |
Update Frequency and Market Influence:
The foreign exchange rates in Pakistan are subject to constant changes due to the influence of market forces and fluctuations in the demand for foreign currencies. These rates are updated at 09:00 AM according to Pakistan Standard Time (PST) but are susceptible to alterations based on market dynamics and shifts in the demand for foreign currencies.
Related Article: Foreign Currency Exchange Rates in Pakistan Today, July 21, 2023: Dollar, Euro, Pound, and Rial Rates
Conclusion:
As the US Dollar’s exchange rate against the Pakistani Rupee stands at Rs 298.5 in the local market, individuals and businesses involved in currency exchange transactions should remain aware of the potential variations in rates depending on their location and the exchange provider. It is advisable to consult reputable financial institutions or exchange companies to obtain accurate and current rates before conducting any currency exchange operations.
