As of February 10, 2024, the financial landscape in Karachi reveals that the US Dollar’s value against the Pakistani Rupee stands at Rs 278.9 for buying and Rs 281.4 for selling in both the local and open markets.
It’s essential to remember that exchange rates are not fixed across different locations or financial institutions, including Exchange Companies and banks. These rates for buying and selling currencies can fluctuate depending on various factors.
Overview of Foreign Currency Rates
Below is a simplified summary of the buying and selling rates for major currencies, including the US Dollar, Euro, British Pound, and others, in Pakistan open market as of today:
- US Dollar (USD): Buying at Rs 278.9 and selling at Rs 281.4
- Euro (EUR): Purchased at Rs 302.5 and sold at Rs 305.5
- British Pound (GBP): Available for Rs 355 buying and Rs 358 selling
- UAE Dirham (AED): Bought at Rs 76.4 and sold at Rs 77.3
- Saudi Riyal (SAR): Trading for Rs 74.5 buy and Rs 75.5 sell
And the rates for other notable currencies in the market include the Australian Dollar, Bahrain Dinar, Canadian Dollar, and more, each with its unique buying and selling points.
The rates for other international currencies like the Chinese Yuan, Danish Krone, Japanese Yen, and Swiss Franc, among others, are also provided. These rates give an insight into the global financial exchange scene from Pakistan’s perspective.
| Currency | Buying | Selling |
|---|---|---|
| US Dollar (USD) | 278.9 | 281.4 |
| Euro (EUR) | 302.5 | 305.5 |
| UK Pound Sterling (GBP) | 355 | 358 |
| U.A.E Dirham (AED) | 76.4 | 77.3 |
| Saudi Riyal (SAR) | 74.5 | 75.5 |
| Australian Dollar (AUD) | 183 | 184.8 |
| Bahrain Dinar (BHD) | 743 | 751 |
| Canadian Dollar (CAD) | 206 | 208 |
| China Yuan (CNY) | 39 | 39.04 |
| Danish Krone (DKK) | 41.2 | 41.06 |
| Hong Kong Dollar (HKD) | 35.87 | 36.22 |
| Indian Rupee (IND) | 3.39 | 3.48 |
| Japanese Yen (JPY) | 1.90 | 2.00 |
| Kuwaiti Dinar (KWD) | 910 | 913 |
| Malaysian Ringgit (MYR) | 58.48 | 59.08 |
| New Zealand Dollar (NZD) | 177.84 | 179.84 |
| Norwegians Krone (NOK) | 25.02 | 25.32 |
| Omani Riyal (OMR) | 727 | 730 |
| Qatari Riyal (QAR) | 77.04 | 77.74 |
| Singapore Dollar (SGD) | 207 | 209 |
| Swedish Korona (SEK) | 25.98 | 26 |
| Swiss Franc (CHF) | 320.98 | 323.48 |
| Thai Bhat (THB) | 7.76 | 7.91 |
The foreign exchange (forex) rates are dynamic, influenced by market trends and the demand for foreign currencies .
For those engaged in foreign exchange or interested in the economic indicators, keeping an eye on these rates is crucial. They provide a snapshot of Pakistan’s financial engagement with the global economy on this specific date.