Karachi – The open market is currently witnessing a psychological standoff as the US Dollar touches the 280 mark, despite the significant financial cushions being negotiated at the state level. While the interbank market shows a tightly managed stability, the open market spread reveals a slight premium, signalling that retail demand for hard currency remains sensitive to regional geopolitical shifts.
The UK Pound (381.64) and Euro (332.75) are maintaining their high ground, reflecting the ongoing cost of European travel and education for the Pakistani public. Interestingly, the Saudi Riyal (75.55) and the UAE Dirham (77.25) are seeing steady trade, underpinned by the heavy reliance on these corridors for personal remittances. For the average investor, this narrow but firm pricing suggests that while the “panic buying” phase has subsided, the market is still pricing in a high-inflation environment, keeping the Rupee under consistent, albeit controlled, pressure.
OPEN MARKET FOREX RATES TODAY
| Currency | Buying | Selling |
|---|---|---|
| 279.00 | 280.00 | |
| 377.55 | 381.64 | |
| 76.15 | 77.25 | |
 CHF | 355.00 | 358.85 |
 SEK | 30.20 | 30.50 |
| 74.65 | 75.55 | |
 QAR | 71.55 | 72.77 |
 OMR | 723.65 | 734.10 |
 NOK | 27.65 | 27.95 |
 NZD | 162.40 | 164.05 |
 MYR | 65.25 | 66.65 |
 KWD | 880.50 | 891.30 |
 HKD | 35.25 | 36.15 |
 EUR | 328.25 | 332.75 |
 DKK | 43.25 | 43.65 |
 CNY | 36.45 | 37.55 |
| 201.34 | 205.75 | |
 BHD | 729.00 | 739.75 |
 AUD | 196.23 | 201.15 |
