Monday, August 12, 2024, the Pakistani Rupee (PKR) experienced fluctuations against major international currencies in the open market.
These changes are influenced by a variety of factors, including global economic trends, domestic financial policies, and geopolitical events.
USD to PKR Rate Today
The US Dollar (USD) remained a focal point for traders and investors, with its buying rate quoted at PKR 279.1 and selling at PKR 280.4.
The steady demand for the dollar reflects ongoing concerns about inflation and the economic outlook in Pakistan.
Euro (EUR) to PKR Exchange Rate
The Euro (EUR) showed an upward trend, with a buying rate of PKR 304.6 and a selling rate of PKR 306.81.
This increase could be attributed to recent economic data from the Eurozone, indicating a potential recovery, which has positively impacted the Euro’s value against the Pakistani Rupee.
British Pound Sterling (GBP) to PKR Rate
The British Pound (GBP) also strengthened, with the buying rate reaching PKR 355.65 and the selling rate at PKR 357.65.
The ongoing discussions about the UK’s economic strategy post-Brexit continue to influence the Pound’s performance in the global currency market.
UAE Dirham (AED) and Saudi Riyal (SAR) to PKR Rates
In the Gulf region, the UAE Dirham (AED) was quoted at PKR 75.65 for buying and PKR 76.35 for selling, while the Saudi Riyal (SAR) saw a slight decline, with a buying rate of PKR 73.85 and a selling rate of PKR 74.55.
These currencies remain crucial for Pakistan due to the significant remittances from expatriates living in the UAE and Saudi Arabia.
Today’s Exchange Rates August 12, 2024
| Currency | Symbol | Buying (PKR) | Selling (PKR) |
|---|---|---|---|
| US Dollar | USD | 279.1 | 280.4 |
| Euro | EUR | 304.6 | 306.81 |
| UK Pound Sterling | GBP | 355.65 | 357.65 |
| UAE Dirham | AED | 75.65 | 76.35 |
| Saudi Riyal | SAR | 73.85 | 74.55 |
| Australian Dollar | AUD | 185.75 | 187.57 |
| Bahraini Dinar | BHD | 739.12 | 744.62 |
| Canadian Dollar | CAD | 204.25 | 207.7 |
| Chinese Yuan | CNY | 38.3 | 38.7 |
| Danish Krone | DKK | 40.15 | 40.55 |
| Hong Kong Dollar | HKD | 35.65 | 36 |
| Indian Rupee | INR | 3.33 | 3.43 |
| Japanese Yen | JPY | 1.91 | 1.99 |
| Kuwaiti Dinar | KWD | 906.65 | 911.8 |
| Malaysian Ringgit | MYR | 58.75 | 59.55 |
| New Zealand Dollar | NZD | 169.15 | 171.15 |
| Norwegian Krone | NOK | 26.04 | 26.34 |
| Omani Riyal | OMR | 725.45 | 729.82 |
| Qatari Riyal | QAR | 76.29 | 77 |
| Singapore Dollar | SGD | 202 | 206.3 |
| Swedish Krona | SEK | 26.5 | 26.75 |
| Swiss Franc | CHF | 319.35 | 325.35 |
| Thai Baht | THB | 7.55 | 7.7 |
Source: Forex Association of Pakistan. (last update 09:00 AM)
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