On May 19, 2025, the treasury management division of the National Bank of Pakistan (NBP) issued the latest foreign exchange rates, providing essential guidance for currency transactions across the country. These rates play a pivotal role in shaping the dynamics of foreign exchange dealings for businesses, investors, and individuals, facilitating smoother international trade and financial operations.
NBP’s exchange rates are critical benchmarks in Pakistan’s financial ecosystem. They offer official buying and selling prices for a range of major global currencies, reflecting the bank’s assessment of prevailing market conditions. These rates influence how businesses price imports and exports, how overseas Pakistanis send remittances back home, and how financial institutions manage currency risk.
For ready transactions, the US Dollar was quoted with a TT selling rate of 282.05 PKR and a TT buying rate of 281.55 PKR. The Euro followed closely, with selling and buying rates at 315.45 PKR and 314.89 PKR respectively. The British Pound stood at 375.06 PKR for selling and 374.39 PKR for buying, while the Japanese Yen was at 1.9427 PKR for selling and 1.9393 PKR for buying. Other significant currencies included the Swiss Franc, with rates of 337.51 PKR and 336.91 PKR, and the Canadian Dollar, priced at 201.92 PKR for selling and 201.57 PKR for buying. The Australian Dollar was noted at 180.90 PKR for selling and 180.58 PKR for buying.
NBP also shared exchange rates for other important currencies, including the Swedish Krona at 29.04 PKR selling and 28.99 PKR buying, Norwegian Krone at 27.17 PKR selling and 27.12 PKR buying, and Danish Krone with selling and buying rates of 42.28 PKR and 42.20 PKR respectively. Additionally, the New Zealand Dollar was valued at 166.19 PKR for selling and 165.89 PKR for buying, while the Singapore Dollar was priced at 217.25 PKR for selling and 216.87 PKR for buying.
Currencies like the Hong Kong Dollar, Korean Won, Chinese Yuan, Malaysian Ringgit, Thai Baht, UAE Dirham, Saudi Riyal, Qatar Riyal, and Kuwaiti Dinar were also part of the official rate list, reflecting NBP’s comprehensive approach to covering major global and regional currencies used in Pakistan’s financial and trade sectors.
It is important to note that the rates published by NBP apply primarily to ready transactions and do not cover transactions exceeding USD 5,000 or its equivalent in other currencies cumulatively. This distinction ensures clarity in the application of rates for both retail and larger institutional currency exchanges.
The bank also provided conversion rates for frozen foreign currency deposits, with the settlement date set for May 21, 2025. These included the US Dollar at 281.6292 PKR, the British Pound at 374.9048 PKR, the Euro at 315.6782 PKR, and the Japanese Yen at 1.9395 PKR.
NBP’s timely publication of these exchange rates is crucial for maintaining transparency in the financial market and providing stakeholders with up-to-date information for informed decision-making. With fluctuations in global currency markets influenced by geopolitical factors, economic data releases, and international trade developments, having reliable and official rates allows businesses and individuals to plan their foreign exchange requirements effectively.
Overall, the NBP foreign exchange rates reflect current economic conditions and market sentiment, serving as an essential reference for Pakistan’s commercial banks, exporters, importers, and remittance senders. By ensuring a standardized currency exchange framework, NBP helps maintain stability and confidence in the country’s foreign exchange market, supporting Pakistan’s broader economic growth and integration with the global financial system.