In today’s globalized world, understanding foreign currency exchange rates is essential for individuals and businesses engaged in international trade and travel. This article provides a comprehensive overview of foreign currency exchange rates in Pakistan’s open market as of October 13, 2023, with a focus on the US Dollar, Saudi Riyal, UK Pound Sterling, U.A.E. Dirham, European Euro, and other major foreign currencies. The data is sourced from the Forex Association of Pakistan, last updated at 09:00 AM.
US Dollar (USD)
- Buying Rate: 275.9 PKR
- Selling Rate: 278.9 PKR
The US Dollar is one of the most widely used currencies in the world. Its exchange rate in the Pakistani open market can have significant implications for the country’s economy and its trade relations with the United States.
Euro (EUR)
- Buying Rate: 292.1 PKR
- Selling Rate: 295 PKR
The Euro, the official currency of the Eurozone, is another important currency for international trade. Its exchange rate in Pakistan is influenced by various factors, including economic conditions in the Eurozone.
UK Pound Sterling (GBP)
- Buying Rate: 345 PKR
- Selling Rate: 348.5 PKR
The UK Pound Sterling is a prominent currency, and fluctuations in its exchange rate can impact trade between Pakistan and the United Kingdom.
U.A.E. Dirham (AED)
- Buying Rate: 75.25 PKR
- Selling Rate: 76 PKR
Given the strong economic ties between Pakistan and the United Arab Emirates, the Dirham’s exchange rate is closely monitored by businesses and individuals.
Saudi Riyal (SAR)
- Buying Rate: 73 PKR
- Selling Rate: 73.7 PKR
Saudi Arabia is one of Pakistan’s key trading partners, making the Saudi Riyal’s exchange rate a matter of significance for both countries.
Other Major Foreign Currencies
- Australian Dollar (AUD):
- Buying Rate: 175.25 PKR
- Selling Rate: 177 PKR
- Bahrain Dinar (BHD):
- Buying Rate: 742.31 PKR
- Selling Rate: 750.31 PKR
- Canadian Dollar (CAD):
- Buying Rate: 201 PKR
- Selling Rate: 203 PKR
- China Yuan (CNY):
- Buying Rate: 38.29 PKR
- Selling Rate: 38.69 PKR
- Danish Krone (DKK):
- Buying Rate: 39.9 PKR
- Selling Rate: 40.3 PKR
- Hong Kong Dollar (HKD):
- Buying Rate: 35.69 PKR
- Selling Rate: 36.04 PKR
- Indian Rupee (INR):
- Buying Rate: 3.37 PKR
- Selling Rate: 3.48 PKR
- Japanese Yen (JPY):
- Buying Rate: 1.4 PKR
- Selling Rate: 1.47 PKR
- Kuwaiti Dinar (KWD):
- Buying Rate: 902.88 PKR
- Selling Rate: 911.88 PKR
- Malaysian Ringgit (MYR):
- Buying Rate: 59.23 PKR
- Selling Rate: 59.83 PKR
- New Zealand Dollar (NZD):
- Buying Rate: 168.08 PKR
- Selling Rate: 170.08 PKR
- Norwegians Krone (NOK):
- Buying Rate: 25.95 PKR
- Selling Rate: 26.25 PKR
- Omani Riyal (OMR):
- Buying Rate: 727.78 PKR
- Selling Rate: 735.78 PKR
- Qatari Riyal (QAR):
- Buying Rate: 76.98 PKR
- Selling Rate: 77.68 PKR
- Singapore Dollar (SGD):
- Buying Rate: 199 PKR
- Selling Rate: 201 PKR
- Swedish Korona (SEK):
- Buying Rate: 25.8 PKR
- Selling Rate: 26.1 PKR
- Swiss Franc (CHF):
- Buying Rate: 309.24 PKR
- Selling Rate: 311.74 PKR
- Thai Bhat (THB):
- Buying Rate: 7.66 PKR
- Selling Rate: 7.81 PKR
Conclusion
Understanding foreign currency exchange rates is pivotal for businesses and individuals engaging in international transactions. It’s essential to stay updated with the latest exchange rates, as they can significantly impact trade, investments, and travel plans. The rates provided here are indicative of the dynamic nature of currency markets, which are influenced by various economic, geopolitical, and market-specific factors. For the most accurate and up-to-date rates, individuals and businesses should consult their local financial institutions or currency exchange services.
