Karachi, May 14, 2025 – The open market currency exchange rates for Wednesday offer a timely update for individuals and businesses engaged in international financial dealings. As the global economy remains dynamic, daily shifts in foreign exchange rates have become increasingly critical for financial planning, trade decisions, and overseas remittances. The latest data from the open market provides a comprehensive snapshot of how major international currencies are performing against the Pakistani Rupee (PKR) at the start of the trading day.
On May 14, 2025, the US Dollar (USD), a key global reserve currency and one of the most closely monitored benchmarks in Pakistan, opened with a buying rate of PKR 282.20 and a selling rate of PKR 283.70. Given its pivotal role in imports, exports, and remittance flows, fluctuations in the USD rate often mirror wider economic shifts, both domestically and internationally.
In the European bloc, the Euro (EUR) is being bought at PKR 313.50 and sold at PKR 316.25, signaling its continued strength in trade transactions with the Eurozone. Meanwhile, the UK Pound Sterling (GBP) maintains a firm position, with buying and selling rates at PKR 371.95 and PKR 375.45, respectively. These two currencies remain vital for Pakistani businesses with European market exposure and individuals sending money to or receiving funds from Europe.
Gulf currencies continue to be crucial, especially due to the substantial number of Pakistani expatriates residing in the region. The Saudi Riyal (SAR) opened at PKR 75.05 buying and PKR 75.65 selling, while the UAE Dirham (AED) posted rates of PKR 76.75 and PKR 77.40, respectively. These currencies are commonly used for remittances back to Pakistan and hold particular relevance for families dependent on overseas income. Among them, the Kuwaiti Dinar (KWD) remains the most valuable, with buying and selling rates of PKR 909.60 and PKR 919.10, reflecting its consistently high exchange value.
Other major currencies also showed varied activity. The Canadian Dollar (CAD) traded at PKR 203.10 buying and PKR 205.50 selling, while the Australian Dollar (AUD) opened at PKR 182.75 and PKR 185.00. These commodity-driven currencies often fluctuate based on global oil, metal, and resource prices, affecting both their valuation and the cost of related imports into Pakistan.
In the Asian context, the Japanese Yen (JPY) remained stable at PKR 1.92 buying and PKR 1.98 selling, and the Chinese Yuan (CNY) traded at PKR 37.59 and PKR 37.99. These currencies are significant for bilateral trade between Pakistan and key Asian partners. The Singapore Dollar (SGD) and Malaysian Ringgit (MYR) also showed moderate trading levels, reflective of consistent economic ties within the ASEAN region.
Smaller but still important currencies, including the Norwegian Krone (NOK) at PKR 26.76/27.06, Swedish Krona (SEK) at PKR 28.80/29.10, and the Danish Krone (DKK) at PKR 42.25/42.65, provide further insight into the diverse nature of Pakistan’s trade and financial relationships.
These rates provide a critical tool for decision-making across sectors. Travelers, importers, exporters, and international investors closely monitor this information to hedge risks and manage financial exposure. The open market’s movements are typically more responsive to real-time supply and demand than official interbank rates, offering a reflection of ground-level market sentiment.
As the global economic landscape continues to shift amid geopolitical developments and economic reforms, staying informed about currency fluctuations becomes essential for individuals and businesses alike. Pakistan’s open market exchange rates serve not only as financial data points but also as a lens into broader economic trends influencing the country’s position on the global financial stage.