Foreign Exchange Rates in Pakistan on October 26, 2023

On the 26th of October, 2023, Pakistan's open market experienced fluctuations in foreign exchange rates, reflecting the ever-changing dynamics of the global economic landscape. These rates hold significant importance in facilitating international trade, fostering investment, and influencing a nation's overall economic well-being. Much like in numerous other nations, Pakistan's exchange rates are subject to a multitude of factors, such as global economic trends, geopolitical developments, and domestic fiscal policies.

As of this date, the exchange rate for one US Dollar (USD) against the Pakistani Rupee (PKR) was officially documented at Rs 280.7 for purchasing and Rs 283.5 for selling in both the local and open market. This figure represents a snapshot of the exchange rate at that specific moment and should be recognized as subject to change throughout the day. It is worth emphasizing that these exchange rates can fluctuate based on the geographical location and the specific exchange service or financial institution handling the transaction.

Now, let's delve into the details of the exchange rates for some of the leading foreign currencies in relation to the Pakistani Rupee on this particular day:

Currency	Buying	Selling
US Dollar (USD)	280.7	283.5
Euro (EUR)	297	200
UK Pound Sterling (GBP)	344	347
U.A.E Dirham (AED)	78	79
Saudi Riyal (SAR)	74.5	75.3
Australian Dollar (AUD)	175	177
Bahrain Dinar (BHD)	740	748
Canadian Dollar (CAD)	204	206
China Yuan (CNY)	38.56	36.98
Danish Krone (DKK)	35	36
Hong Kong Dollar (HKD)	36	37.28
Indian Rupee (INR)	3.46	3.57
Japanese Yen (JPY)	1.88	1.95
Kuwaiti Dinar (KWD)	906	915
Malaysian Ringgit (MYR)	59.62	60.22
New Zealand Dollar (NZD)	163.31	165.31
Norwegian Krone (NOK)	25	26
Omani Riyal (OMR)	727	726
Qatari Riyal (QAR)	76	77
Singapore Dollar (SGD)	198	200
Swedish Krona (SEK)	25	26
Swiss Franc (CHF)	309	312
Thai Baht (THB)	7.66	7.81

It's crucial to bear in mind that these forex rates remain susceptible to change, driven by the dynamics of market forces, shifts in foreign currency demand, and a range of other economic factors. The rates provided here were last updated at 10:00 AM on Pakistan Standard Time (PST) and may have experienced alterations since that time.

Exchange rates serve as pivotal barometers of a nation's economic well-being, exerting a significant influence on international trade and investment. Businesses and individuals involved in foreign exchange transactions should maintain an awareness of the most current rates, as these can have a substantial impact on the costs associated with imports, exports, travel, and international investments. Moreover, it's important to recognize that currency exchange rates are subject to fluctuations influenced by both domestic and global economic developments. As such, it is essential to stay well-informed and exercise sound financial judgment when navigating the realm of foreign currencies.