Latest exchange rates of foreign currencies have been released in Pakistan’s open market on Saturday, according to which there was a slight change in the prices of major global currencies, while the price of the US dollar remained stable compared to the previous business day. According to currency market data, the US dollar was trading at Rs 279.15, indicating that the domestic market is in balance between supply and demand for the dollar.
According to the latest rates, the Saudi riyal reached Rs 75.10 and the UAE dirham at Rs 76.90, with both currencies recording a slight increase. On the other hand, the British pound was trading at Rs 378.15, while the Canadian dollar was sold at Rs 200.25, with both currencies seeing a slight decrease in value. According to financial experts, such minor daily changes occur according to the movements of the global currency market and local supply and demand.
According to today’s open market selling rates, the US dollar was available at Rs 279.15, the Saudi riyal at Rs 75.10, the UAE dirham at Rs 76.90, the British pound at Rs 378.15 and the Canadian dollar at Rs 200.25. In terms of daily change in currencies, the Saudi riyal increased by 0.07 percent and the UAE dirham by 0.13 percent, while the British pound decreased by 0.12 percent and the Canadian dollar by 0.25 percent. There was no significant change in the value of the US dollar.
Experts say that a slight increase in the prices of the Saudi riyal and the UAE dirham is important for Pakistanis working in Gulf countries as it may have a limited impact on the value of remittances. Similarly, businesses involved in the import and export sector review the currency market situation on a daily basis so that decisions related to financial planning and payments can be made in a timely manner.
According to economic analysts, the value of the rupee and the prices of foreign currencies in the coming days will depend on global financial trends, central bank policies, global crude oil prices and domestic economic indicators. They say that open market rates may vary slightly between different cities and exchange companies, so it is best to confirm the latest rate with the relevant exchange company before making any financial transactions.
| Currency Pair | Rate (PKR) | % Change |
|---|---|---|
 US Dollar USD → PKR | 279.15 | 0.00% |
 Saudi Riyal SAR → PKR | 75.10 | +0.07% |
 UAE Dirham AED → PKR | 76.90 | +0.13% |
 British Pound GBP → PKR | 378.15 | -0.12% |
 Canadian Dollar CAD → PKR | 200.25 | -0.25% |