On May 23, 2025, the State Bank of Pakistan (SBP) published the official foreign exchange rates for major currencies against the Pakistani Rupee (PKR), reaffirming its crucial role in supporting international trade and financial transparency. These rates, derived from the weighted averages of commercial banks’ transactions, serve as a benchmark for businesses, financial institutions, and individuals engaged in cross-border dealings.
The SBP’s foreign exchange rates do more than provide simple currency conversion values. They form an essential framework for transparent and structured international financial transactions, instilling confidence among all market participants. By offering a reliable reference point, these rates help businesses manage risks, plan investments, and make informed decisions in the context of a fluctuating global economic environment.
As of May 23, 2025, the buying and selling rates for key foreign currencies against the Pakistani Rupee are as follows: the UAE Dirham (AED) is set at 76.7546 PKR for buying and 76.8646 PKR for selling; the Australian Dollar (AUD) trades at 181.3581 PKR buying and 181.6409 PKR selling; the Canadian Dollar (CAD) is 203.6955 PKR buying and 204.0070 PKR selling; the Swiss Franc (CHF) stands at 340.9754 PKR buying and 341.5114 PKR selling. The Chinese Yuan (CNY) is priced at 39.1502 PKR buying and 39.2007 PKR selling; the Euro (EUR) at 318.9088 PKR buying and 319.4043 PKR selling; the British Pound (GBP) at 378.8904 PKR buying and 379.4776 PKR selling. The Japanese Yen (JPY) is quoted at 1.9643 PKR buying and 1.9673 PKR selling; the Saudi Riyal (SAR) at 75.1107 PKR buying and 75.2218 PKR selling; and the US Dollar (USD) at 281.7373 PKR buying and 282.1692 PKR selling.
It is important to note that foreign exchange rates are inherently dynamic and can fluctuate based on market forces, geopolitical developments, and economic data releases. As such, the SBP advises individuals and businesses to regularly consult the latest rates published on its official channels or verify figures with authorized financial institutions before engaging in any foreign currency transactions.
The SBP’s commitment to consistent and transparent updates enhances the overall stability of Pakistan’s foreign exchange market, providing a solid foundation for trade, investment, and economic planning. The published rates act as a critical tool for commercial banks, which use them as a baseline to offer competitive exchange services to their customers, facilitating smoother currency conversions for imports, exports, remittances, and other international activities.
Moreover, these official rates provide insights into prevailing economic conditions and Pakistan’s currency strength in the global market. For policymakers and market watchers, the figures offer valuable data to assess currency trends, monitor inflationary pressures, and shape monetary policy decisions.
In the broader context of a globally interconnected economy, the SBP’s role in maintaining market equilibrium through transparent foreign currency rate disclosures cannot be overstated. These rates contribute to Pakistan’s economic resilience by supporting efficient capital flows, encouraging foreign investment, and enabling businesses to operate with greater certainty amid global volatility.
As Pakistan continues to integrate further into international trade and digital financial ecosystems, the importance of reliable and transparent exchange rate mechanisms will only grow. The State Bank of Pakistan remains at the forefront of this effort, ensuring that the foreign exchange market functions smoothly and effectively to meet the evolving needs of the country’s economy.