Understanding Currency Exchange Rates in Pakistan
Currency exchange rates are a crucial aspect of Pakistan’s economy, influencing trade, remittances, and consumer pricing. Monitoring these rates allows businesses and individuals to make informed financial decisions.
US Dollar (USD) Exchange Rate on 11 December 2024
The US Dollar remains the most traded foreign currency in Pakistan. On 11 December 2024, the USD was bought at 277.60 PKR and sold at 279.10 PKR, reflecting stability compared to recent trends.
British Pound (GBP) and Euro (EUR) Trends
The British Pound and Euro continue to play significant roles in international trade and travel. The GBP was bought at 351.50 PKR and sold at 355.00 PKR, while the Euro traded between 291.15 PKR (buying) and 293.90 PKR (selling).
Significance of Exchange Rate Monitoring
Exchange rates directly impact the cost of imports, exports, and foreign remittances. Regularly updated rates ensure businesses and consumers can plan their finances effectively, particularly in Pakistan’s fluctuating market conditions.
Currency Exchange Rates Table
| Currency | Buying Rate (PKR) | Selling Rate (PKR) |
|---|---|---|
| US Dollar (USD) | 277.60 | 279.10 |
| British Pound (GBP) | 351.50 | 355.00 |
| Euro (EUR) | 291.15 | 293.90 |
| Saudi Riyal (SAR) | 74.00 | 74.50 |
