The Pakistani rupee remained stable against major global currencies today, while the US dollar continued to hold a strong position in the open market. Among all foreign currencies, the Kuwaiti Dinar remained the most expensive, drawing attention from overseas workers and investors.

The US dollar is worth Rs279.2 to buy and Rs279.85 to sell. It still has a strong place in the local market. The Euro is worth Rs326.16 to buy and Rs331.25 to sell, which shows that demand is steady.

The British Pound remains one of the highest-valued currencies in the Currency Exchange market. You can buy it for Rs376.88 and sell it for Rs382.25. A stable Saudi Riyal and UAE Dirham can be good news for overseas Pakistanis sending money home from Gulf countries. The price of the UAE dirham is Rs76.05 to buy and Rs77.05 to sell. The Saudi Riyal is worth Rs74.4 and Rs75.4, respectively. The Qatari Riyal and Omani Riyal are also trading in stable ranges.

The Kuwaiti Dinar is still the strongest currency on the market. It costs Rs879.6 to buy and Rs890.52 to sell. The Bahraini Dinar is also worth a lot in the Currency Exchange system, where it trades for between Rs729.1 and Rs740.85.

The performance of other currencies around the world is mixed but steady. The value of the Australian Dollar is between Rs198.55 and Rs202.9. The value of the Canadian Dollar is between Rs203.31 and Rs206.85. The value of the Singapore Dollar is between Rs216.53 and Rs222.75.

Asian currencies are still worth less than other currencies. You can buy the Chinese Yuan for Rs39.25 and sell it for Rs39.75. The price of the Japanese yen is between Rs1.73 and Rs1.83. The Indian Rupee is still worth Rs2.25 to Rs2.45.

The Currency Exchange market also shows stable movement in the currencies of Europe and Scandinavia. The Swiss Franc is worth between Rs353.24 and Rs358.5. The Swedish Krona, Danish Krone, and Norwegian Krone are still trading in a small range.
What experts expect next
Experts say that the market's stability is due to controlled supply and demand. The Currency Exchange trend shows that there won't be any big changes in the short term.

Overall, Pakistan's foreign exchange market is still balanced when it comes to major world currencies.

Credit: Independent News Pakistan (INP)