11 May 2023 Currency Update: US Dollar, Euro, and Pound Rates in Pakistan’s Open Market

According to the Forex Association of Pakistan, the currency rates in Pakistan’s open market today for selling are as follows: US Dollar to PKR 296.00, Euro to PKR 319.00, British Pound to PKR 365.00, Saudi Riyal to PKR 77.80, and UAE Dirham to PKR 79.90. These rates play a crucial role in providing an overall outlook on the latest situation and trending scenarios in the market.

It is essential for Pakistani organizations to stay aware of the currency rates, including key cities like Karachi, Lahore, Islamabad, and Peshawar, as free trade becomes increasingly common in the world. Open market rates have significant importance as they fluctuate on a daily basis, and determining factors have an impact.

CURRENCYSYMBOLBUYINGSELLING
 US DollarUSD292296
 EuroEUR316319
 British PoundGBP362365
 UAE DirhamAED7979.9
 Saudi RiyalSAR7777.8
 Kuwaiti DinarKWD927.88936.88
 Canadian DollarCAD214216
 Australian DollarAUD192.5194.5
 Omani RiyalOMR738.94746.94
 Japanese YenJPY2.12.15
 Malaysian RinggitMYR63.9664.56
 Qatari RiyalQAR77.9678.66
 Bahrain DinarBHD756.61764.61
 Thai BhatTHB8.438.58
 Chinese YuanCNY41.1141.51
 Hong Kong DollarHKD36.1536.5
 Danish KroneDKK41.8542.25
 New Zealand DollarNZD180.17182.17
 Singapore DollarSGD215217
 Norwegians KroneNOK26.4126.71
 Swedish KronaSEK27.4727.77
 Swiss FrancCHF319.03321.53
 Indian RupeeINR3.473.58

Currency Buying Rates in Open Market

The Pakistani rupee exchange rate faced slight fluctuations in the open market this week. Today’s currency rates in Pakistan’s open market for buying are as follows: Dollar to PKR 285.5, Euro to PKR 314, British Pound to PKR 358, and UAE Dirham to PKR 77.4.

Currency exchange traders in Pakistan provide the open market rates used to compute the USD/PKR exchange rate. It’s important to note that bank exchange rates for the US dollar are slightly lower than those available on the open market or at currency exchanges.

Stay informed and updated with the latest currency rates in Pakistan’s open market to make informed decisions regarding foreign exchange transactions.

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Rida Shahid
Rida Shahidhttps://hamariweb.com/
Rida Shahid is a content writer with expertise in publishing news articles with strong academic background in Political Science. She is imaginative, diligent, and well-versed in research techniques. Her essay displays her analytical style quite well. She is currently employed as English content writer at hamariweb.com.

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