In a bit of good news for the economy, the Pakistani Rupee held its ground against the US Dollar today. While other markets are in turmoil, our currency exchange rates have remained surprisingly stable. Let's look at the numbers.
Today's Exchange Rates
The US Dollar is trading at approximately Rs. 280.75 for buying and Rs. 282.75 for selling in the open market. This stability is crucial for importers and helps keep inflation in check.
Other Major Currencies
| Currency | Buying (PKR) | Selling (PKR) |
|---|---|---|
| Euro (EUR) | 326.75 | 329.75 |
| UK Pound (GBP) | 377.00 | 380.00 |
| Saudi Riyal (SAR) | 74.85 | 75.50 |
| UAE Dirham (AED) | 76.50 | 77.35 |
What This Means for You
If you're planning to travel or send money abroad, now is a decent time. The stability suggests that the State Bank's policies are working. However, with global oil prices fluctuating, this could change soon, so keep a close watch.
Conclusion
A stable rupee is the backbone of a stable economy. Let's hope this trend continues throughout the month.
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