Karachi – Updated on December 19, 2024, Pakistan’s open market foreign exchange rates show a lot of movement in the major world currencies relative to the Pakistani Rupee (PKR). With a buying rate of PKR 277.90 and a selling rate of PKR 279.40, the US dollar (USD) was stable. With a buying price of PKR 286.45 and a selling price of PKR 289.20, the Euro (EUR) jumped above PKR 289. The British Pound Sterling (GBP), however, kept rising, closing at PKR 350.80 selling and PKR 347.30 buying. The following patterns were seen in other important currencies: The purchasing and selling prices of the Australian dollar (AUD) were PKR 173.75 and 176.00, respectively. The purchasing and selling prices of the Canadian dollar (CAD) were PKR 194.42 and PKR 196.82, respectively. At PKR 37.99 for purchases and PKR 38.39 for sales, the Chinese Yuan (CNY) stayed comparatively steady. The purchasing and selling prices of the Japanese yen (JPY) were PKR 1.85 and PKR 1.91, respectively. The exchange rates for the UAE Dirham (AED) and Saudi Riyal (SAR) were PKR 75.40/76.05 and PKR 73.70/74.25, respectively.
Forex traders reported a limited level of market activity, with the PKR under pressure from hefty foreign debt payments and persistent economic difficulties. Analysts anticipate that domestic economic policies and worldwide market trends will continue to influence exchange rates.
