Exchange rates in Pakistan vary due to several economic, political, and global factors that significantly impact the Pakistani rupee (PKR) value against major international currencies. Major factors include inflation rates, foreign currency reserves, trade balances, global oil prices, and the policies of the State Bank of Pakistan (SBP). Knowing these rates is important for business investors and consumers since they affect the costs of imports, exports, and international travel.
Currency Exchange Rates
Here are the latest buying and selling rates for key foreign currencies against the Pakistani Rupee (PKR):
|
Currency |
Symbol | Buying | Selling |
| US Dollar | USD | 279.8 |
281.3 |
|
Euro |
UR | 290 | 292.75 |
| UK Pound | GBP | 343.5 |
347 |
|
UAE Dirham |
AED | 75.9 | 76.55 |
| Saudi Riyal | SAR | 74.25 |
74.8 |
|
Australian Dollar |
AUD | 174.75 | 177 |
| Bahrain Dinar | BHD | 738.35 |
746.35 |
|
Canadian Dollar |
CAD | 194.1 | 196.5 |
| Chinese Yuan | CNY | 37.59 |
37.99 |
|
Danish Krone |
DKK | 37.97 | 38.37 |
| Hong Kong Dollar | HKD | 35.41 |
35.76 |
|
Indian Rupee |
INR | 3.13 | 3.22 |
| Japanese Yen | JPY | 1.81 |
1.87 |
|
Kuwaiti Dinar |
KWD | 896.3 | 905.8 |
| Malaysian Ringgit | MYR | 61.29 |
61.89 |
|
New Zealand Dollar |
NZD | 154.23 | 156.23 |
| Norwegian Krona | NOK | 24.25 |
24.55 |
|
Omani Riyal |
OMR | 722.65 | 731.15 |
| Qatari Riyal | QAR | 75.9 |
76.6 |
|
Singapore Dollar |
SGD | 204.5 | 206.5 |
| Swedish Krona | SEK | 24.64 |
24.94 |
|
Swiss Franc |
CHF | 303.71 | 306.51 |
| Thai Baht | THB | 7.86 |
8.01g |
These rates represent the buying and selling values for these currencies in the open market as of January 22, 2025, and may vary slightly between different banks and exchange services.
Key Currency Pairs in Pakistan
- Pakistani Rupee (PKR) to US Dollar (USD): The PKR/USD exchange rate is closely monitored due to the US Dollar’s dominance in global trade.
- Pakistani Rupee (PKR) to Euro (EUR): This rate is for any business communicating or dealing with the rest of Europe.
- Pakistani Rupee (PKR) to British Pound (GBP): Gains or losses in such a rate impact trade and remittances.
- Pakistani Rupee (PKR) to Saudi Riyal (SAR): Important due to remittances from Pakistanis working in Saudi Arabia.
- Pakistani Rupee (PKR) to UAE Dirham (AED): The rate reflects the economic interrelationship with the UAE and is influenced by oil prices.
- Pakistani Rupee (PKR) to Indian Rupee (INR): Remains significant despite political tensions due to geographic proximity.
Factors Influencing Exchange Rates in Pakistan
Foreign Reserves: The amount of foreign currency reserves held by the State Bank of Pakistan directly impacts the strength of the PKR.
Inflation: A higher inflation rate in Pakistan than other countries may cause the PKR to depreciate.
Trade Balance: A trade deficit will increase the demand for foreign currencies, thus creating downward pressure on the PKR.
Political Stability: Political instability may cause capital flight and a weaker PKR.
Global Economic Trends: International oil prices and conditions also affect the exchange rate.
Conclusion
The exchange rates of Pakistan are volatile and change on a daily basis through domestic and international factors. The values provided are based on the latest available values as of January 22, 2025. They are expected to shift due to current economic trends and political events.
Accurate and current information on the exchange rates can be acquired by accessing official sources like the State Bank of Pakistan or authorized currency exchange dealers to make sound decisions in terms of finance.
