The latest Exchange Rates in Pakistan showed only minor changes as major foreign currencies remained mostly stable in the open market.
According to currency dealers, the US Dollar continued to trade within a narrow range. The dollar was available at Rs278.9 for buying and Rs279.8 for selling.
Market experts said stable Exchange Rates reflect balanced demand and supply in the currency market. Traders are closely monitoring global economic conditions and oil prices.
The Euro also maintained a steady position. It was traded at Rs326.6 for buying and Rs330.7 for selling in the open market.
Meanwhile, the UK Pound Sterling remained one of the strongest currencies. It stood at Rs376.85 for buying and Rs380.44 for selling.
Among Gulf currencies, the UAE Dirham traded at Rs75.85 for buying and Rs76.75 for selling. The Saudi Riyal was available at Rs74.35 and Rs75.05 respectively.
The Qatari Riyal, Omani Riyal, Bahraini Dinar, and Kuwaiti Dinar also showed limited movement. Dealers said demand for Gulf currencies remained stable due to overseas remittances and travel activity.
The Kuwaiti Dinar remained the highest-valued currency in the market. It traded between Rs878.7 and Rs893.47.
Other international currencies also held stable positions. The Australian Dollar was traded between Rs199.95 and Rs207.35, while the Canadian Dollar stood at Rs202.35 and Rs208.35.
Asian currencies also recorded steady trends. The Chinese Yuan traded at Rs40.05 for buying and Rs40.7 for selling. The Japanese Yen remained between Rs1.76 and Rs1.86.
Currency dealers noted that Exchange Rates continue to be influenced by international financial trends, import payments, and remittance inflows.
The Swiss Franc traded at Rs355.92 for buying and Rs360.65 for selling. The Singapore Dollar remained between Rs217.81 and Rs222.95.
In the regional market, the Indian Rupee traded between Rs2.5 and Rs2.7. The Thai Baht was available at Rs8.55 and Rs8.75.
Financial analysts said the local currency has remained relatively stable in recent weeks. They added that consistent foreign exchange reserves and controlled market activity have helped maintain stability.
The latest Exchange Rates are important for importers, exporters, overseas Pakistanis, and travelers. Any major global development may still affect the local currency market in the coming days.
Currency experts expect moderate fluctuations in the short term as international markets continue to react to inflation, interest rates, and geopolitical developments.
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