On May 13, 2025, the State Bank of Pakistan (SBP) released the official foreign exchange rates for customers, which are essential for cross-border transactions and international trade. These rates, which are based on the weighted averages of commercial banks, provide a reliable reference for businesses, financial institutions, and individuals involved in foreign currency exchanges.
The SBP’s foreign exchange rates serve more than just as simple conversion figures. They are crucial indicators of the financial landscape, guiding businesses and individuals who engage in international trade and investment. These rates act as a structured, transparent benchmark for currency conversions, fostering confidence among market participants. With the consistent release of these rates, the SBP ensures that the process of conducting cross-border transactions remains orderly and efficient.
According to the SBP’s announcement, the buying and selling rates for prominent foreign currencies in Pakistani Rupees (PKR) as of May 13, 2025, are as follows:
For the UAE Dirham (AED), the buying rate stands at 76.6317 PKR, and the selling rate is 76.7416 PKR. The Australian Dollar (AUD) is priced at 180.4549 PKR for buying and 180.7356 PKR for selling. The Canadian Dollar (CAD) has a buying rate of 201.5087 PKR and a selling rate of 201.8196 PKR. For the Swiss Franc (CHF), the buying rate is 334.0385 PKR, and the selling rate is 334.5468 PKR. The Chinese Yuan (CNY) is priced at 39.1346 PKR for buying and 39.1856 PKR for selling. The Euro (EUR) stands at 312.7749 PKR for buying and 313.2522 PKR for selling. The British Pound (GBP) is valued at 371.5353 PKR for buying and 372.0979 PKR for selling. For the Japanese Yen (JPY), the buying rate is 1.9038 PKR, and the selling rate is 1.9067 PKR. The Saudi Riyal (SAR) is priced at 75.0385 PKR for buying and 75.1496 PKR for selling. Finally, the US Dollar (USD) is valued at 281.4561 PKR for buying and 281.8880 PKR for selling.
Foreign exchange rates are subject to fluctuations due to the dynamic nature of global financial markets. As a result, businesses and individuals are advised to consult the latest rates from the SBP or verify with their respective financial institutions before proceeding with transactions. This continuous update by the SBP not only enhances transparency but also provides a robust framework for international financial dealings, ensuring that businesses can make informed decisions in real-time.
These rates reflect the prevailing economic conditions and are used by commercial banks to determine the rates offered to their customers for foreign currency exchanges. By offering a snapshot of the foreign exchange market, the SBP plays an integral role in facilitating both international trade and investment. Furthermore, these rates provide a valuable tool for businesses and individuals in managing their financial strategies, ensuring they are able to navigate the complexities of the global marketplace effectively.
The SBP’s commitment to transparency in disclosing foreign exchange rates underscores its dedication to fostering economic stability. By providing accurate and timely information, the SBP supports decision-making processes and ensures that market participants can confidently engage in cross-border financial transactions. In today’s interconnected global economy, the SBP’s role remains indispensable in maintaining a balanced and resilient foreign exchange market in Pakistan.