KARACHI — The Pakistani open market experienced a slight uptick in currency demand during the Monday morning session as travellers and retail investors sought stable holdings. As of today, the US Dollar is being traded at a selling price of 280.10, slightly higher than the official interbank benchmark.
The gap between interbank and open market rates remains a critical indicator for the national economy. While the official rates are used for trade and debt, the open market rates—seen in this table—reflect what everyday citizens pay at local exchange houses.
Observations from the Trading Floor:
- Premium Currencies: The Kuwaiti Dinar remains the most expensive unit in the local market, currently commanding a selling rate of 891.35, followed by the British Pound at 380.74.
- Gulf Currencies: Stable demand is noted for the UAE Dirham (Selling: 77.25) and the Saudi Riyal (Selling: 75.50), primarily driven by the upcoming travel season.
- Safe Havens: European currencies like the Swiss Franc (Selling: 358.85) continue to see interest from those looking to diversify their savings outside of the local currency.
For the public, the open market rate is often a more direct reflection of inflation and purchasing power. A wider “spread” between buying and selling prices typically suggests higher market volatility, though today’s market appears to be maintaining a structured rhythm.
Open Market Rates
| Flag | Code | Buying | Selling |
|---|---|---|---|
 |
USD | 279.00 | 280.10 |
 |
GBP | 375.65 | 380.74 |
 |
AED | 76.15 | 77.25 |
 |
CHF | 355.00 | 358.85 |
 |
SEK | 30.20 | 30.50 |
 |
SGD | 217.70 | 221.50 |
 |
SAR | 74.60 | 75.50 |
 |
QAR | 71.21 | 72.50 |
 |
OMR | 723.70 | 733.90 |
 |
NOK | 27.65 | 27.95 |
 |
NZD | 157.14 | 162.25 |
 |
MYR | 65.30 | 66.55 |
 |
KWD | 880.50 | 891.35 |
 |
HKD | 35.20 | 36.20 |
 |
EUR | 327.06 | 331.05 |
 |
DKK | 43.25 | 43.65 |
 |
CNY | 36.45 | 37.55 |
 |
CAD | 200.39 | 206.05 |
 |
BHD | 729.05 | 739.15 |
 |
AUD | 194.89 | 201.40 |
