KARACHI: The Pakistani rupee experienced a slight improvement in the open market on Thursday, July 24, 2025, with the local currency stabilizing against major foreign currencies including the US Dollar, Euro, and British Pound. However, most other currency rates remained unchanged from the previous day.
According to data from Forex.pk, the US Dollar was being bought at Rs286.90 and sold at Rs288.40 in the open market. The Euro (EUR) maintained stability at Rs336.25 (buying) and Rs337.45 (selling). Meanwhile, the British Pound (GBP) was trading at Rs387.50 for buying and Rs389.10 for selling.
There was no significant change noted in the rates of other major currencies such as the Canadian Dollar, Australian Dollar, Kuwaiti Dinar, and Saudi Riyal, among others.
Latest Open Market Currency Exchange Rates in Pakistan – July 24, 2025
| Currency | Symbol | Buying (PKR) | Selling (PKR) |
|---|---|---|---|
| US Dollar | USD | 286.90 | 288.40 |
| Euro | EUR | 336.25 | 337.45 |
| British Pound | GBP | 387.50 | 389.10 |
| Australian Dollar | AUD | 187.00 | 192.00 |
| Bahrain Dinar | BHD | 760.10 | 770.10 |
| Canadian Dollar | CAD | 211.00 | 215.00 |
| Chinese Yuan | CNY | 39.32 | 39.72 |
| Danish Krone | DKK | 44.17 | 44.57 |
| Hong Kong Dollar | HKD | 35.94 | 36.29 |
| Indian Rupee | INR | 3.22 | 3.31 |
| Japanese Yen | JPY | 1.93 | 2.03 |
| Kuwaiti Dinar | KWD | 928.25 | 940.25 |
| Malaysian Ringgit | MYR | 66.74 | 67.34 |
| New Zealand Dollar | NZD | 168.95 | 170.95 |
| Norwegian Krone | NOK | 27.94 | 28.24 |
| Omani Riyal | OMR | 744.85 | 754.85 |
| Qatari Riyal | QAR | 77.57 | 78.27 |
| Saudi Riyal | SAR | 76.50 | 76.80 |
| Singapore Dollar | SGD | 222.25 | 227.25 |
| Swedish Krona | SEK | 29.61 | 29.91 |
| Swiss Franc | CHF | 352.88 | 355.63 |
| Thai Baht | THB | 8.70 | 8.85 |
| UAE Dirham | AED | 78.30 | 78.50 |
Why Currency Exchange Rates Matter
Currency exchange rates represent how much one currency is worth in relation to another. These values play a crucial role in international trade, travel, remittances, and foreign investments. Even minor changes in rates can influence the cost of imported goods and services or the competitiveness of exports.
For example, a stronger Pakistani rupee can make imported items such as fuel and electronics cheaper, but it may hurt exports by making Pakistani products more expensive for foreign buyers. On the other hand, a weaker rupee can boost exports but also drive inflation by making imports costlier.
The Broader Economic Impact
Currency fluctuations impact inflation, interest rates, and economic growth. Central banks, like the State Bank of Pakistan (SBP), closely watch these rates and may take action—such as adjusting interest rates or intervening in the forex market—to stabilize the economy.
For businesses and investors, tracking currency trends is vital. It helps in making well-informed decisions, whether it’s managing import/export costs or investing in foreign assets.
Final Thoughts
The stability of the rupee against key currencies reflects a cautiously optimistic trend in Pakistan’s forex market. However, continued monitoring is essential, especially in light of changing global economic conditions.
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