Karachi, March 24, 2025 – On March 24, 2025, Pakistan’s latest currency exchange rates were announced, marking the beginning of a new trading day in the open market. These exchange rates play a crucial role in the country’s economy and are highly significant for traders, investors, and individuals involved in international transactions. They determine the value of foreign currencies in relation to the Pakistani Rupee (PKR), influencing a wide range of economic activities.
The currency exchange market serves as a vital component of Pakistan’s broader economic structure. It affects key sectors such as imports, exports, and remittance flows, while also providing valuable insights into the nation’s financial health. Currency exchange rates fluctuate continuously throughout the day due to various factors, including global economic conditions, supply and demand dynamics, and domestic policies. Businesses, financial institutions, and individuals must remain vigilant and up-to-date with these figures to make well-informed decisions.
As of today, March 24, 2025, the exchange rates for the major global currencies in Pakistan are as follows:
The US Dollar (USD), which remains one of the most widely traded currencies, has a buying rate of Rs 280.6 and a selling rate of Rs 282.1. Given the US Dollar’s significance in international trade and finance, any fluctuations in its exchange rate have the potential to impact Pakistan’s import-export dynamics, foreign investment, and inflationary pressures.
The Euro (EUR) is being exchanged at Rs 306 for buying and Rs 308.75 for selling. As one of the strongest global currencies, the Euro’s exchange rate is influenced by the economic conditions within the European Union, as well as global market trends. Businesses with dealings in the European region must monitor these fluctuations closely to optimize their foreign transactions.
The UK Pound Sterling (GBP), another major currency in international trade, is being bought at Rs 363.5 and sold at Rs 367. The Pound’s performance is often impacted by economic policies in the UK, as well as trade relations with key global partners. Its strength in global markets makes it a currency that investors and traders closely watch for indications of economic stability.
The Canadian Dollar (CAD) is being traded at Rs 196.85 for buying and Rs 199.25 for selling. The Canadian Dollar’s rate is influenced by factors such as global commodity prices, particularly crude oil, and the nation’s trade relations with countries like the United States. As the world’s major commodity exporter, fluctuations in global commodity prices can have a direct impact on the Canadian Dollar’s exchange rate.
For those sending remittances from the Middle East, the Saudi Riyal (SAR) and UAE Dirham (AED) are commonly exchanged currencies. The SAR is available for buying at Rs 74.75 and selling at Rs 75.3, while the AED has buying rates of Rs 76.15 and selling rates of Rs 76.8. These currencies are closely monitored due to the large number of Pakistanis working in the Gulf region and the importance of remittances in the country’s economy.
In addition to these major currencies, exchange rates for other global currencies like the Australian Dollar (AUD), Chinese Yuan (CNY), Kuwaiti Dinar (KWD), and Japanese Yen (JPY) are also impacted by the ongoing shifts in the global financial landscape. Given the volatility of these markets, fluctuations in their exchange rates are expected based on global economic conditions and market demands.
As exchange rates are subject to change multiple times a day, it is essential for individuals, businesses, and financial institutions to keep track of updates from reliable sources to ensure accurate and up-to-date currency conversions. Understanding and responding to these changes can help mitigate risks and seize opportunities in an increasingly interconnected global economy.
For anyone engaging in international transactions, the rates announced on March 24, 2025, serve as an important reference for making well-informed financial and business decisions.