Currency Exchange Rates – In today’s global economy, exchange rates play a crucial role in determining the value of one currency against another. These rates have a significant impact on international trade, tourism, and overall economic stability. Pakistan, like many other countries, closely monitors and updates its exchange rates to facilitate foreign transactions.
This article Currency Exchange Rates provides the exchange rates for major currencies, including the US Dollar, Saudi Riyal, UK Pound Sterling, U.A.E. Dirham, European Euro, and others, as observed in the open market of Pakistan on Thursday, July 13, 2022. The rates mentioned here are obtained from the Forex Association of Pakistan, with the last update at 09:00 AM.
Currency Exchange Rates for Major Currencies
The following table presents the exchange rates for various currencies against the Pakistani Rupee (PKR) on July 13, 2022:
| Currency | Code | Buy Rate | Sell Rate |
|---|---|---|---|
| US Dollar | USD | 277.9 | 281.15 |
| Euro | EUR | 302 | 305 |
| UK Pound Sterling | GBP | 355 | 361 |
| U.A.E Dirham | AED | 76.4 | 77.2 |
| Saudi Riyal | SAR | 73.2 | 74 |
| Australian Dollar | AUD | 191 | 195 |
| Bahrain Dinar | BHD | 741.93 | 749.93 |
| Canadian Dollar | CAD | 214 | 216 |
| China Yuan (CNY) | CNY | – | 38.7 |
| Danish Krone (DKK) | DKK | – | 41.14 |
| Hong Kong Dollar | HKD | 35.72 | 36.07 |
| Indian Rupee | INR | 3.39 | 3.5 |
| Japanese Yen | JPY | 1.91 | 1.98 |
| Kuwaiti Dinar | KWD | 908.34 | 917.34 |
| Malaysian Ringgit | MYR | 59.87 | 60.47 |
| New Zealand Dollar | NZD | 173.56 | 175.56 |
| Norwegians Krone | NOK | 26.61 | 26.91 |
| Omani Riyal | OMR | 724.56 | 732.56 |
| Qatari Riyal | QAR | 76.81 | 77.51 |
| Singapore Dollar | SGD | 205.07 | – |
| Swedish Krona | SEK | 25.91 | 26.21 |
| Swiss Franc | CHF | 315.27 | 317.77 |
| Thai Bhat | THB | 7.96 | 8.11 |
Analysis and Insights of Currency Exchange Rates
The exchange rates mentioned above depict the value of each respective currency against the Pakistani Rupee (PKR). These rates determine how much PKR is needed to acquire a unit of another currency. Let’s delve into some key observations and insights regarding these exchange rates:
- US Dollar (USD): The USD is one of the most widely traded currencies in the world. As per the data, the buying rate for 1 USD is 277.9 PKR, while the selling rate stands at 281.15 PKR.
- Euro (EUR): The Euro, representing several European Union countries, shows a buying rate of 302 PKR and a selling rate of 305 PKR.
- UK Pound Sterling (GBP): The GBP, the currency of the United Kingdom, has a buying rate of 355 PKR and a selling rate of 361 PKR.
- U.A.E. Dirham (AED): The AED, the official currency of the United Arab Emirates, has a buying rate of 76.4 PKR and a selling rate of 77.2 PKR.
- Saudi Riyal (SAR): The SAR, the currency of Saudi Arabia, shows a buying rate of 73.2 PKR and a selling rate of 74 PKR.
- Australian Dollar (AUD): The AUD, the currency of Australia, has a buying rate of 191 PKR and a selling rate of 195 PKR.
- Chinese Yuan (CNY): The CNY, representing the currency of China, is listed with a buying rate but no selling rate in the provided data.
- Other Currencies: The table also includes exchange rates for currencies such as the Canadian Dollar (CAD), Danish Krone (DKK), Hong Kong Dollar (HKD), Indian Rupee (INR), Japanese Yen (JPY), Kuwaiti Dinar (KWD), Malaysian Ringgit (MYR), New Zealand Dollar (NZD), Norwegians Krone (NOK), Omani Riyal (OMR), Qatari Riyal (QAR), Singapore Dollar (SGD), Swedish Krona (SEK), Swiss Franc (CHF), and Thai Bhat (THB). Each currency has its own buying and selling rates against the Pakistani Rupee (PKR).
Related Article: Currency Exchange Rates in Pakistan Today – July 12, 2023
Conclusion of Currency Exchange Rates
Exchange rates are crucial for international transactions and determine the value of one currency against another. The rates provided above for major currencies in Pakistan offer insights into the current exchange rates prevailing in the open market. It is important to note that exchange rates can fluctuate due to various factors, such as economic indicators, political developments, and global market conditions. Therefore, it is advisable to consult updated sources for real-time exchange rates before engaging in any financial transactions involving foreign currencies.
