The National Bank of Pakistan (NBP), through its Treasury Management Division, issued its latest foreign exchange rates on Thursday, providing a comprehensive update on both ready transaction and conversion rates across a broad range of global currencies. The move comes as part of the bank’s regular updates that help businesses, traders, and financial institutions benchmark currency transactions with clarity and transparency.
In its published table of ready transaction rates, the US Dollar (USD) was listed at PKR 281.85 for telegraphic transfer (TT) selling and PKR 281.35 for TT buying. This slight spread reflects current market dynamics and interbank performance in the face of global economic developments. The Euro (EUR) was quoted at PKR 319.40 for TT selling and PKR 318.84 for TT buying, while the British Pound (GBP) stood at PKR 376.31 for selling and PKR 375.65 for buying, reflecting continued volatility in global forex markets influenced by inflation and interest rate outlooks across Europe.
Asian currencies were also included in the NBP’s update. The Japanese Yen (JPY) was recorded at 1.9630 for selling and 1.9595 for buying, while the Chinese Yuan (CNY) stood at 39.14 and 39.07, respectively. The South Korean Won (KRW), often considered an indicator of regional currency health in East Asia, was quoted at PKR 0.2023 for TT selling and PKR 0.2019 for buying.
Among Middle Eastern currencies, the United Arab Emirates Dirham (AED) was priced at PKR 77.27 for TT selling and PKR 77.13 for TT buying. The Saudi Riyal (SAR) followed closely at 75.14 and 75.01, respectively. The Kuwaiti Dinar (KWD), the highest-valued currency in this listing, was set at a substantial PKR 919.31 for selling and PKR 917.68 for buying. Similarly, the Qatari Riyal (QAR) was noted at PKR 77.56 and PKR 77.42.
From the broader international basket, currencies such as the Swiss Franc (CHF) stood at PKR 342.57 for selling and 341.96 for buying, while the Canadian Dollar (CAD) was priced at PKR 203.94 and 203.58. The Australian Dollar (AUD) came in at PKR 182.08 for selling and PKR 181.76 for buying. Other notable mentions included the Swedish Krona (SEK) at PKR 29.42/29.37, Norwegian Krone (NOK) at PKR 27.30/27.25, and the Danish Krone (DKK) at PKR 42.81/42.74.
For frozen foreign currency (FCY) deposit conversions, the NBP set the settlement date for Monday, May 12, 2025. On that day, the conversion rate for the US Dollar was fixed at PKR 281.4444. The British Pound stood at PKR 375.7001, while the Euro was priced at PKR 319.7771. The Japanese Yen was valued at PKR 1.9647, in alignment with global benchmarks for FCY deposit conversions.
NBP’s periodic publication of exchange rates continues to serve as a critical reference point for financial markets and commercial operations in Pakistan. The transparency and consistency of such updates reflect the institution’s effort to align with global best practices, while also supporting the country’s foreign trade, remittance flows, and interbank financial planning.
The release of this data occurs at a time when foreign exchange markets are watching closely for policy signals from central banks around the world, particularly amid evolving interest rate strategies in developed economies. As global economic conditions remain uncertain, updates like these are vital for businesses and individuals alike to make informed decisions related to currency trading, remittances, and foreign transactions.