Currency Exchange Rate in Pakistan Today – 12 August, 2024

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

Source: Forex Association of Pakistan. (last update 09:00 AM)

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