Latest currency exchange rates in Pakistan Today: April 21, 2024
As of April 21, 2024, Pakistan’s currency exchange rates reflect a dynamic landscape, influenced by various economic factors and global market dynamics. Understanding these rates is essential for individuals and businesses engaged in international transactions. This article provides a comprehensive analysis of the current exchange rates, shedding light on their significance and the factors driving their fluctuations.
Understanding the Currency Exchange Rates:
Currency exchange rates determine the value of one currency relative to another. In Pakistan, these rates fluctuate based on several factors, including economic indicators, geopolitical events, and market sentiment. The rates provided above represent the buying and selling prices of major currencies against the Pakistani rupee (PKR).
Analysis of Exchange Rates:
The provided rates offer valuable insights into the strength of the Pakistani rupee against major international currencies. Let’s delve deeper into the analysis:
| Currency | Code | Buying Rate | Selling Rate |
|---|---|---|---|
| US Dollar (USD) | USD | Rs 277.7 | Rs 280.45 |
| Euro (EUR) | EUR | Rs 293 | Rs 296 |
| UK Pound Sterling | GBP | Rs 342.5 | Rs 346 |
| U.A.E Dirham (AED) | AED | Rs 75.2 | Rs 75.9 |
| Saudi Riyal (SAR) | SAR | Rs 73.3 | Rs 74.05 |
| Australian Dollar | AUD | Rs 181 | Rs 182.8 |
| Bahrain Dinar (BHD) | BHD | Rs 743 | Rs 751 |
| Canadian Dollar | CAD | Rs 201 | Rs 203 |
| China Yuan (CNY) | CNY | Rs 38.89 | Rs 39.04 |
| Danish Krone (DKK) | DKK | Rs 40.38 | Rs 41.06 |
| Hong Kong Dollar | HKD | Rs 35.74 | Rs 36.22 |
| Indian Rupee (INR) | INR | Rs 3.39 | Rs 3.48 |
| Japanese Yen (JPY) | JPY | Rs 1.90 | Rs 2.00 |
| Kuwaiti Dinar (KWD) | KWD | Rs 902 | Rs 911 |
| Malaysian Ringgit | MYR | Rs 58.48 | Rs 59.08 |
| New Zealand Dollar | NZD | Rs 177.84 | Rs 179.84 |
| Norwegians Krone | NOK | Rs 25.02 | Rs 25.32 |
| Omani Riyal (OMR) | OMR | Rs 727 | Rs 730 |
| Qatari Riyal (QAR) | QAR | Rs 77.04 | Rs 77.74 |
| Singapore Dollar | SGD | Rs 207 | Rs 209 |
| Swedish Korona (SEK) | SEK | Rs 25.98 | Rs 26 |
| Swiss Franc (CHF) | CHF | Rs 320.98 | Rs 323.48 |
| Thai Bhat (THB) | THB | Rs 7.76 | Rs 7.91 |
The Significance of Exchange Rate Dynamics:
Exchange rates play a pivotal role in international trade, investment, and travel. A strong domestic currency, as reflected by lower exchange rates, can benefit importers by reducing the cost of foreign goods. Conversely, exporters may face challenges due to decreased competitiveness in foreign markets. On the other hand, a weaker currency can boost exports but may lead to higher import costs and inflation.
Article: Currency exchange rates in Pakistan today – April 07 , 2024
Conclusion:
In conclusion, understanding Pakistan’s currency exchange rates is vital for individuals and businesses engaged in international trade and finance. By analyzing the provided rates and considering the underlying factors driving their fluctuations, stakeholders can make informed decisions to mitigate risks and capitalize on opportunities in the global marketplace.
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