Introduction:
In today’s interconnected world, foreign currency exchange rates play a vital role in global economic transactions. For individuals and businesses involved in international trade or planning overseas travel, staying informed about currency exchange rates is crucial. This article provides a comprehensive overview of the foreign currency exchange rates in Pakistan’s open market on June 16, 2023, as reported by the Forex Association of Pakistan.
US Dollar (USD): The US Dollar, denoted by the symbol USD, is one of the most widely recognized and utilized currencies in the world. On June 16, 2023, the buying rate for the US Dollar in the Pakistani open market stood at 291.4 PKR, while the selling rate was 295.65 PKR.
Euro (EUR): The Euro, symbolized by EUR, represents the common currency used by several countries in the European Union. In the Pakistani open market on June 16, 2023, the Euro was being bought at a rate of 315 PKR, and the selling rate was 318 PKR.
UK Pound Sterling (GBP): As the official currency of the United Kingdom, the UK Pound Sterling, indicated by GBP, carries significant international importance. On June 16, 2023, the buying rate for the UK Pound Sterling was 365 PKR, and the selling rate was 368 PKR in the open market of Pakistan.
U.A.E. Dirham (AED): The U.A.E. Dirham, denoted by AED, is the official currency of the United Arab Emirates. In Pakistan’s open market on June 16, 2023, the buying rate for the U.A.E. Dirham was 80.8 PKR, while the selling rate stood at 81.5 PKR.
Saudi Riyal (SAR): The Saudi Riyal, represented by SAR, is the official currency of Saudi Arabia. On June 16, 2023, the buying rate for the Saudi Riyal in the Pakistani open market was 77.7 PKR, and the selling rate was 78.5 PKR.
| Currency | Symbol | Buying | Selling |
| US Dollar | USD | 291.4 | 295.65 |
| Euro | EUR | 315 | 318 |
| UK Pound Sterling | GBP | 365 | 368 |
| U.A.E Dirham | AED | 80.8 | 81.5 |
| Saudi Riyal | SAR | 77.7 | 78.5 |
| Australian Dollar | AUD | 202 | 204 |
| Bahrain Dinar | BHD | 763.63 | 771.63 |
| Canadian Dollar | CAD | 226 | 228 |
| China Yuan | CNY | 40.17 | 40.57 |
| Danish Krone | DKK | 41.83 | 42.23 |
| Hong Kong Dollar | HKD | 36.34 | 36.69 |
| Indian Rupee | INR | 3.48 | 3.59 |
| Japanese Yen | JPY | 2 | 2.08 |
| Kuwaiti Dinar | KWD | 934.93 | 943.93 |
| Malaysian Ringgit | MYR | 61.67 | 62.27 |
| New Zealand Dollar | NZD | 178.97 | 180.97 |
| Norwegians Krone | NOK | 26.72 | 27.02 |
| Omani Riyal | OMR | 745.79 | 753.79 |
| Qatari Riyal | QAR | 78.21 | 78.91 |
| Singapore Dollar | SGD | 218 | 220 |
| Swedish Korona | SEK | 26.57 | 26.87 |
| Swiss Franc | CHF | 319.96 | 322.46 |
| Thai Bhat | THB | 8.29 | 8.44 |
Other Foreign Currencies: Apart from the major currencies mentioned above, several other foreign currencies are traded in the open market of Pakistan. Here are the rates for some of these currencies as of June 16, 2023:
