Pakistan's Foreign Exchange Rates Update: May 2, 2024

Foreign exchange rates play a crucial role in the global economy, influencing trade and investment decisions. On May 2, 2024, the exchange rate for one US Dollar against Pakistani rupees stood at Rs 277.35 in the local and open market, with a selling rate of Rs 280. It's important to note that exchange rates can fluctuate based on various factors, including market demand and geopolitical events.

For those looking to exchange currencies in Pakistan, here are the latest rates:

• US Dollar: Buying at Rs 277.35, Selling at Rs 280
• UK Pound Sterling: Buying at Rs 360, Selling at Rs 365
• European Euro: Buying at Rs 310, Selling at Rs 315
• UAE Dirham: Buying at Rs 75, Selling at Rs 76
• Saudi Riyal: Buying at Rs 73, Selling at Rs 74
• Other Foreign Currencies: Rates may vary

These rates are indicative of the current market conditions and may vary depending on the location and the financial institution involved in the transaction. Individuals and businesses engaged in international trade or travel should stay informed about exchange rate fluctuations to make informed decisions.

In conclusion, the foreign exchange market in Pakistan is dynamic, with rates constantly changing based on a multitude of factors. It is essential for market participants to monitor these rates closely to navigate the complexities of global trade and finance effectively.