The exchange rates for major currencies in Pakistan have slightly shifted as we enter the first day of the new year, 2025. According to the latest updates from the Forex Association of Pakistan, the values of the US Dollar, Euro, British Pound, Saudi Riyal, and UAE Dirham have been recorded in the open market as well as the interbank market.
As of January 1, 2025, the exchange rate for 1 US Dollar is 278 Pakistani Rupees in the open market. Meanwhile, the Euro is valued at 288.2 PKR, and the British Pound stands at 347.35 PKR. For regional currencies, 1 Saudi Riyal equals 73.8 PKR, and 1 UAE Dirham is priced at 75.45 PKR. These rates reflect minor fluctuations compared to the previous days and are expected to influence both the trade and business sectors in the country.
For buying and selling purposes, the open market rates offer specific values. The US Dollar can be bought for 278 PKR and sold at 279.6 PKR. Similarly, the Euro has a buying price of 288.2 PKR and a selling price of 290.95 PKR. The British Pound is being traded at 347.35 PKR for buying and 350.85 PKR for selling. Regional currencies like the Saudi Riyal and UAE Dirham are also active in the market, with their respective selling prices set at 74.35 PKR and 76.1 PKR.
The interbank market, which plays a critical role in foreign exchange transactions, recorded the US Dollar at 278.27 PKR. This slight difference from the open market rate is typical due to varying market dynamics and the role of financial institutions.
Other prominent currencies also showed steady trends. The Australian Dollar is trading at 174.75 PKR for buying and 177 PKR for selling, while the Canadian Dollar stands at 194.6 PKR for buying and 197 PKR for selling. The Chinese Yuan is being exchanged at 37.99 PKR for buying and 38.39 PKR for selling. The Japanese Yen, though less frequently traded, has a buying rate of 1.86 PKR and a selling rate of 1.92 PKR.
Higher-value currencies like the Kuwaiti Dinar and Omani Riyal maintain their significant positions. The Kuwaiti Dinar is priced at 897.17 PKR for buying and 906.67 PKR for selling, while the Omani Riyal stands at 720.46 PKR for buying and 728.96 PKR for selling.
As 2025 begins, these exchange rates will play a crucial role in shaping financial activities such as imports, exports, and remittances. Keeping an eye on these rates can help businesses and individuals make informed decisions about currency conversions and international transactions.
For the most accurate and up-to-date rates, always refer to reliable sources like the Forex Association of Pakistan or consult your nearest exchange center.
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