US Dollar and Other Currency Exchange Rates
US Dollar and Other Currency Exchange Rates: Pakistan’s economy is a dynamic and complex system, where the role of the Forex (Foreign Exchange) market is crucial. The Forex market is where currencies are bought and sold, and it experiences daily fluctuations in exchange rates. In this article, we will delve into the Forex rates on October 20, 2025, specifically the US Dollar’s price and the rates of other major currencies in Pakistan.
Current Situation of the Forex Market in Pakistan
The importance of the Forex market in Pakistan’s economy cannot be overlooked. Through the buying and selling of foreign currencies, the Forex market facilitates trade, investment, and helps determine the value of the local currency, the Pakistani Rupee (PKR). When there are changes in global markets or internal economic conditions in Pakistan, they directly affect the Forex exchange rates.
In Pakistan, the currency exchange rates fluctuate daily, impacting consumers, businesses, and investors. On October 20, 2025, significant changes were observed in the exchange rates of the US Dollar and other currencies, reflecting the current economic conditions.
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Buying and Selling of Forex in Pakistan
In Pakistan, there are two main types of Forex rates: Interbank Rates and Open Market Rates. The Interbank market is where transactions take place between banks, whereas the Open Market allows the general public to buy and sell currencies.
Interbank US Dollar Rate
On October 20, 2025, the Interbank market showed the following US Dollar rates:
- Buying Rate: PKR 281.00
- Selling Rate: PKR 281.50
This indicates that the US Dollar is slightly cheaper in the Interbank market compared to the Open Market.
Open Market US Dollar Rate
In the Open Market, the US Dollar was priced at:
- Buying Rate: PKR 282.65
- Selling Rate: PKR 282.85
These rates are slightly higher than the Interbank rates due to the forces of supply and demand in the Open Market.
| Currency | Buying Rate (PKR) | Selling Rate (PKR) |
|---|---|---|
| 🇺🇸 US Dollar (USD) | 282.65 | 282.85 |
| 🇪🇺 Euro (EUR) | 331.80 | 335.30 |
| 🇬🇧 British Pound (GBP) | 380.65 | 383.65 |
| 🇸🇦 Saudi Riyal (SAR) | 75.35 | 76.00 |
| 🇦🇪 UAE Dirham (AED) | 76.80 | 77.80 |
| 🇰🇼 Kuwaiti Dinar (KWD) | 913.40 | 922.40 |
| 🇨🇦 Canadian Dollar (CAD) | 205.50 | 212.50 |
| 🇦🇺 Australian Dollar (AUD) | 185.50 | 190.50 |
| 🇴🇲 Omani Riyal (OMR) | 731.00 | 738.50 |
| 🇯🇵 Japanese Yen (JPY) | 1.8762 | 1.9762 |
| 🇲🇾 Malaysian Ringgit (MYR) | 67.25 | 67.85 |
| 🇶🇦 Qatari Riyal (QAR) | 77.30 | 78.00 |
| 🇧🇭 Bahrain Dinar (BHD) | 746.70 | 754.20 |
| 🇹🇭 Thai Baht (THB) | 8.70 | 8. 85 |
| 🇨🇳 Chinese Yuan (CNY) | 39.85 | 40.25 |
| 🇭🇰 Hong Kong Dollar (HKD) | 36.50 | 36.85 |
| 🇩🇰 Danish Krone (DKK) | 44.60 | 45.20 |
| 🇳🇿 New Zealand Dollar (NZD) | 164.80 | 166.80 |
| 🇸🇬 Singapore Dollar (SGD) | 216.75 | 221.50 |
| 🇳🇴 Norwegian Krone (NOK) | 28.30 | 28. 60 |
| 🇸🇪 Swedish Krona (SEK) | 30.05 | 30.35 |
| 🇨🇭 Swiss Franc (CHF) | 355.02 | 357.77 |
| 🇮🇳 Indian Rupee (INR) | 3.13 | 3.22 |
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Exchange Rates of Other Currencies in Pakistan
In addition to the US Dollar, there are other major currencies whose exchange rates fluctuate daily in Pakistan. These currencies’ prices are influenced not only by global economic conditions but also by trade policies and the financial health of Pakistan.
Euro (EUR)
On October 20, 2025, the exchange rates for the Euro were:
- Buying Rate: PKR 331.8
- Selling Rate: PKR 335.3
The Euro’s value against the Pakistani Rupee tends to fluctuate due to changes in European Union economic policies and global market dynamics.
British Pound (GBP)
The British Pound exchange rate was:
- Buying Rate: PKR 380.65
- Selling Rate: PKR 383.65
Similar to the Euro, the value of the British Pound fluctuates based on global economic conditions and the UK’s trade relations.
Saudi Riyal (SAR)
The exchange rates for the Saudi Riyal were:
- Buying Rate: PKR 75.35
- Selling Rate: PKR 76.00
The value of the Saudi Riyal is directly influenced by remittances from Pakistanis working in Saudi Arabia and regional economic policies.
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Other Currency Rates
- Canadian Dollar (CAD): Buying Rate: PKR 205.5, Selling Rate: PKR 212.5
- Australian Dollar (AUD): Buying Rate: PKR 185.5, Selling Rate: PKR 190.5
- Japanese Yen (JPY): Buying Rate: PKR 1.8762, Selling Rate: PKR 1.9762
- Chinese Yuan (CNY): Buying Rate: PKR 39.85, Selling Rate: PKR 40.25
These rates fluctuate based on demand and supply in the global market, as well as changes in global trade and economic conditions.
Future Predictions and Challenges for the Forex Market
The Forex market in Pakistan is expected to face more fluctuations in the future. Global events such as economic crises, fluctuations in oil prices, or changes in international trade relations can have a direct impact on Pakistan’s currency exchange rates.
Stability in Pakistan’s Economy:
For Pakistan’s Forex market to stabilize, it is necessary for the government to implement economic reforms, reduce trade deficits, and adopt effective strategies for paying off foreign debts. If these measures are successful, there could be stability in the value of the Pakistani Rupee.
- Pakistan Forex Market
- Dollar Rate
- Exchange Rates
- Currency Exchange Rates
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