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Pakistan's Exchange Rates Update: June 3, 2024

Web DeskJune 3, 2024 03:36 PMbusiness
  • Exchange rates fluctuate daily based on market demand and economic conditions
  • Current exchange rate for 1 USD is Rs 277.25 in Pakistan
  • Understanding foreign exchange rates is crucial for international transactions
Pakistan's Exchange Rates Update: June 3, 2024Image Credits: pakobserver
Learn about the latest foreign exchange rates in Pakistan as of June 3, 2024. Stay informed to make wise decisions in international transactions.

Foreign exchange rates play a crucial role in determining the value of one country's currency against another. In Pakistan, these rates fluctuate daily and are influenced by various factors such as market demand, economic conditions, and geopolitical events.

As of Monday, June 3, 2024, the exchange rate for one US Dollar against Pakistani rupees was Rs 277.25 in both the local and open market, with a selling rate of Rs 280. It's important to note that these rates can vary depending on the location and the specific exchange provider involved in the transaction.

Here are the current foreign and local currency exchange rates in Pakistan's open market:

  • US Dollar: Buying Rate - Rs 277.25, Selling Rate - Rs 280
  • UK Pound Sterling: Buying Rate - Rs 385, Selling Rate - Rs 390
  • European Euro: Buying Rate - Rs 310, Selling Rate - Rs 315
  • UAE Dirham: Buying Rate - Rs 75, Selling Rate - Rs 76
  • Saudi Riyal: Buying Rate - Rs 73, Selling Rate - Rs 74
  • Other Foreign Currencies: Rates may vary, it's advisable to check with the specific exchange provider

Foreign exchange rates are essential for international trade, travel, and investment. Understanding these rates can help individuals and businesses make informed decisions when dealing with foreign currencies.

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