Currency Exchange Rates in Pakistan – November 3, 2024

On November 3, 2024, the currency exchange rates in Pakistan reflect a significant moment for both local and international traders. Understanding these rates is crucial for anyone involved in business, travel, or investment. The Pakistani rupee has been fluctuating against major currencies, and today’s rates provide a snapshot of its current standing in the global market.

As of this morning, the exchange rates are as follows: 1 US Dollar (USD) is equivalent to 277.15 Pakistani Rupees (PKR), while 1 Euro is valued at 299.9 PKR. The British Pound (GBP) stands at 355.55 PKR, and the Saudi Riyal (SAR) is trading at 73.65 PKR. Additionally, 1 UAE Dirham (AED) is worth 75.35 PKR. These rates were last updated at 08:30 AM and are sourced from the Forex Association of Pakistan.

In the open market, the US dollar was quoted at 277.15 PKR for buying and 278.95 PKR for selling. Meanwhile, in the interbank market, the greenback settled at 277.57 PKR. This slight difference between the open market and interbank rates is common and reflects the dynamics of supply and demand in currency trading.

The fluctuations in currency exchange rates can have a profound impact on the economy. For instance, a weaker rupee can make imports more expensive, affecting prices for consumers. Conversely, it can benefit exporters by making their goods cheaper for foreign buyers. Therefore, understanding these rates is not just for traders; it is essential for everyone who is part of the economy.

Keeping an eye on the latest currency exchange rates is vital for making informed financial decisions. Whether you are planning to travel abroad, investing in foreign markets, or simply curious about the economic landscape, being aware of how the Pakistani rupee is performing against other currencies can provide valuable insights. As the market continues to evolve, staying updated will help you navigate the complexities of currency exchange with greater confidence.