Currency Exchange Rates in Pakistan – 15th August 2024

the exchange rates in Pakistan’s open market have shown varied trends across different currencies. The US Dollar continues to be a significant benchmark, with its buying rate at 279.4 PKR and selling rate at 280.5 PKR. In contrast, the Euro and British Pound also maintain a strong presence, reflecting the ongoing fluctuations in international financial markets.

Currency Exchange Rates in Pakistan - 13th August 2024 — Currency Exchange Rates in Pakistan – 15th August 2024

Among other currencies, the Kuwaiti Dinar and Omani Riyal stand out with their higher values compared to the US Dollar, indicating a continued demand for these currencies in Pakistan. Conversely, the Japanese Yen and Malaysian Ringgit exhibit lower exchange rates, reflecting different economic conditions and market sentiments.

Latest currency rates in the Pakistani open market:

Currency	Buy	Sell
US Dollar	279.4	280.5
Euro	303.7	305.9
British Pound	355.5	357.5
UAE Dirham	75.8	76.5
Saudi Riyal	73.85	74.55
Kuwaiti Dinar	905.35	910.5
Canadian Dollar	202.65	207
Australian Dollar	183.9	187.5
Omani Riyal	723.4	728.5
Japanese Yen	1.91	1.99
Malaysian Ringgit	58.75	59.55
Qatari Riyal	76.44	77.14
Bahrain Dinar	738	743.5
Thai Baht	7.57	7.72
Chinese Yuan	38.29	38.69
Hong Kong Dollar	35.68	36.03
Danish Krone	40.03	40.43
New Zealand Dollar	169.34	171.34
Singapore Dollar	202	204
Norwegian Krone	26.14	26.44
Swedish Krona	26.27	26.57
Swiss Franc	319.5	324.5
Indian Rupee	3.34	3.45

Open Market Currency Rates in Pakistan

Understanding the exchange rates in Pakistan’s open market is crucial for gaining insight into the current economic landscape and market trends. As global free trade becomes increasingly prevalent, it’s essential for Pakistani businesses and individuals to stay informed about the currency rates, particularly in major cities such as Karachi, Lahore, Islamabad, and Peshawar.

This week, the Pakistani rupee has experienced some fluctuations in the open market. Foreign currency exchange rates in Pakistan can vary daily based on market dynamics and influencing factors. As of today, the open market rates are as follows: the US Dollar is trading at approximately 277 PKR, the Euro at 297 PKR, and the British Pound at 349 PKR. Additionally, the UAE Dirham is valued at 75 PKR.

It’s important to note that these open market rates are generally higher than those offered by banks or other financial institutions. Consequently, Pakistani currency exchange traders use these open market rates to determine the USD/PKR exchange rate, reflecting a slightly different rate than what is available at banks.

Source: Forex Association of Pakistan. (last update 09:30 AM)

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