The Pakistani Rupee experienced mild depreciation on Wednesday, as several major foreign currencies registered gains in the open market. Analysts noted the movement as a reflection of ongoing global economic trends and fluctuating demand for foreign exchange.
According to the latest market data, the US Dollar continued to edge upward, being traded at Rs282.65 for buying and Rs284.30 for selling. The Euro also showed an increase, reaching Rs322.25 and Rs325.00, respectively, amid continued economic activity in the Eurozone.
Read More: Saudi Riyal Continues Upward Trend Against PKR
The British Pound Sterling, traditionally among the most valuable currencies, rose to Rs383.50 on the buying side and Rs387.00 for selling. Regional currencies followed suit, with the UAE Dirham standing at Rs76.90 (buying) and Rs77.55 (selling), and the Saudi Riyal at Rs75.30 and Rs75.85.
Experts suggest that fluctuations in the foreign exchange market may continue in the near term, especially as global markets react to policy updates, trade volumes, and economic outlooks.
Here’s a snapshot of today’s exchange rates in the open market:
| Currency | Symbol | Buying | Selling |
|---|---|---|---|
| US Dollar | USD | 282.65 | 284.30 |
| Euro | EUR | 322.25 | 325.00 |
| UK Pound Sterling | GBP | 383.50 | 387.00 |
| UAE Dirham | AED | 76.90 | 77.55 |
| Saudi Riyal | SAR | 75.30 | 75.85 |
| Australian Dollar | AUD | 185.25 | 187.50 |
| Bahrain Dinar | BHD | 749.00 | 757.00 |
| Canadian Dollar | CAD | 207.60 | 210.00 |
| China Yuan | CNY | 37.59 | 37.99 |
| Danish Krone | DKK | 42.23 | 42.63 |
| Hong Kong Dollar | HKD | 35.64 | 35.99 |
| Indian Rupee | INR | 3.20 | 3.29 |
| Japanese Yen | JPY | 2.00 | 2.06 |
| Kuwaiti Dinar | KWD | 913.30 | 922.80 |
| Malaysian Ringgit | MYR | 65.38 | 65.98 |
| New Zealand Dollar | NZD | 166.10 | 168.10 |
| Norwegian Krone | NOK | 27.30 | 27.60 |
| Omani Riyal | OMR | 733.50 | 742.00 |
| Qatari Riyal | QAR | 76.85 | 77.55 |
| Singapore Dollar | SGD | 221.00 | 223.00 |
| Swedish Korona | SEK | 28.98 | 29.28 |
| Swiss Franc | CHF | 335.55 | 338.35 |
| Thai Baht | THB | 8.42 | 8.57 |