March 05, 2025 (MLN): The Treasury Management Division of the National Bank of Pakistan (NBP) has issued the latest foreign exchange rates for various currencies, effective immediately. These rates reflect the current market dynamics and will guide individuals and businesses in their foreign currency transactions.
The exchange rates provided by NBP include both TT Selling and TT Buying rates for a wide range of global currencies. As of today, March 5, 2025, the US Dollar stands at Rs. 279.70 for TT Selling and Rs. 279.20 for TT Buying. The Euro is valued at Rs. 297.08 for TT Selling and Rs. 296.55 for TT Buying, offering a critical reference point for businesses and individuals involved in cross-border transactions.
For the Japanese Yen, the TT Selling rate is Rs. 1.8665, and the TT Buying rate is Rs. 1.8632. The British Pound stands at Rs. 357.77 for TT Selling and Rs. 357.13 for TT Buying. Meanwhile, the Swiss Franc is priced at Rs. 314.15 for TT Selling and Rs. 313.58 for TT Buying. The Canadian Dollar is available at Rs. 193.94 for TT Selling, while the TT Buying rate is Rs. 193.60. The Australian Dollar is listed at Rs. 174.93 for TT Selling and Rs. 174.61 for TT Buying.
The Swedish Krona exchange rate stands at Rs. 26.95 for TT Selling and Rs. 26.90 for TT Buying, while the Norwegian Krone is at Rs. 25.17 for TT Selling and Rs. 25.12 for TT Buying. The Danish Krone is priced at Rs. 39.83 for TT Selling and Rs. 39.76 for TT Buying. For the New Zealand Dollar, the TT Selling rate is Rs. 158.12, while the TT Buying rate is Rs. 157.84. The Singapore Dollar stands at Rs. 208.82 for TT Selling and Rs. 208.45 for TT Buying.
In addition, the Hong Kong Dollar is listed at Rs. 36.12 for TT Selling and Rs. 36.06 for TT Buying. The Korean Won is priced at Rs. 0.1920 for TT Selling and Rs. 0.1916 for TT Buying. The Chinese Yuan stands at Rs. 38.89 for TT Selling and Rs. 38.82 for TT Buying. The Malaysian Ringgit is available at Rs. 62.92 for TT Selling and Rs. 62.81 for TT Buying. The Thai Baht is priced at Rs. 8.29 for TT Selling and Rs. 8.27 for TT Buying. The U.A.E Dirham is listed at Rs. 76.69 for TT Selling and Rs. 76.55 for TT Buying. The Saudi Riyal stands at Rs. 74.58 for TT Selling and Rs. 74.45 for TT Buying. Finally, the Qatar Riyal is priced at Rs. 76.76 for TT Selling and Rs. 76.62 for TT Buying, and the Kuwaiti Dinar is available at Rs. 907.17 for TT Selling and Rs. 905.55 for TT Buying.
In addition to the standard exchange rates for regular transactions, NBP also announced conversion rates for frozen foreign currency deposits. For instance, the conversion rate for USD deposits on Thursday, March 6, 2025, will be Rs. 279.6377. The conversion rates for other currencies include GBP at Rs. 352.1197, EUR at Rs. 290.8232, and JPY at Rs. 1.8587.
It is important to note that NBP’s foreign exchange rates do not apply to transactions exceeding 5,000 USD or the equivalent in other foreign currencies, calculated on a cumulative basis.
This update from NBP offers essential information for individuals and businesses engaged in foreign exchange activities, providing a snapshot of the latest trends in global currency valuations and their impact on local markets. These rates reflect the ongoing fluctuations in international currency markets and are vital for those dealing with imports, exports, and international investments.
The NBP’s foreign exchange rate bulletin is essential for maintaining transparency and ensuring efficient currency exchange practices, contributing to the overall financial stability of Pakistan’s economy.