Karachi, April 15, 2025 – The National Bank of Pakistan (NBP), through its Treasury Management Division, has released the latest foreign exchange rates for ready transactions as of Tuesday, April 15, 2025. These exchange rates play a crucial role in guiding both businesses and individuals involved in foreign currency transactions, including imports, exports, and remittances.
The NBP’s ready transaction rates for major global currencies show slight fluctuations compared to previous rates. For the US Dollar (USD), the TT (Telegraphic Transfer) selling rate has been set at Rs 281.00, while the TT buying rate stands at Rs 280.50. This update reflects the ongoing movement in the foreign exchange market and offers a reliable guide for cross-border financial activities.
The Euro (EUR) continues to trade close to the Rs 319 mark, with a TT selling rate of Rs 318.98 and a buying rate of Rs 318.41. Similarly, the British Pound (GBP) shows a minor difference between its selling and buying rates, with Rs 370.88 for selling and Rs 370.22 for buying. This indicates the ongoing strength of European and UK currencies, despite broader economic trends.
Among Asian currencies, the Chinese Yuan (CNY) is listed at Rs 38.57 for selling and Rs 38.50 for buying, while the Japanese Yen (JPY) is quoted at Rs 1.9635 for selling and Rs 1.9600 for buying. The Australian Dollar (AUD) has a selling rate of Rs 178.45, with a buying rate of Rs 178.14.
For currencies widely used in the Middle East, the UAE Dirham (AED) stands at Rs 77.03 for selling and Rs 76.89 for buying. Similarly, the Saudi Riyal (SAR) is priced at Rs 74.88 for selling and Rs 74.75 for buying. These currencies are essential for the remittance market, especially in Pakistan, where a significant amount of foreign exchange comes from the Gulf region.
Conversion Rates for Frozen FCY Deposits
The NBP has also announced the conversion rates for frozen foreign currency deposits (FCY) for settlement on Thursday, April 17, 2025. These rates are slightly different from the regular transaction rates. For instance, the US Dollar (USD) conversion rate stands at Rs 280.5529, while the Euro (EUR) rate is Rs 319.69. These rates provide an important benchmark for businesses and individuals who hold foreign currency deposits with NBP.
It is worth noting that NBP rates are not applicable for transactions over USD 5,000 or its equivalent in other currencies, on a cumulative basis. Additionally, certain currencies listed, such as the Kuwaiti Dinar (KWD) and Qatar Riyal (QAR), are not available for NBP customers at this time.
Implications of Exchange Rate Fluctuations
These foreign exchange rates offer vital insights into market sentiment, economic conditions, and global trade dynamics. As currency rates fluctuate, they have a direct impact on the cost of imports, the value of remittances, and overall economic stability. Pakistani businesses involved in import/export activities or foreign investment projects rely heavily on such rates to plan and manage their financial operations efficiently.
Given that the Pakistani economy is continuously adjusting to global financial shifts, businesses and individuals are encouraged to stay updated with the latest exchange rate information. Consulting these rates, particularly for international payments, can help in making informed financial decisions.