On Wednesday, the Treasury Management Division of the National Bank of Pakistan (NBP) issued the latest foreign exchange rates for its customers. These rates are essential for individuals, businesses, and traders engaged in international transactions, providing them with crucial data on the conversion values for a variety of global currencies. The newly updated exchange rates reflect current market trends and are key in understanding the value of the Pakistani Rupee (PKR) against other major foreign currencies.
The exchange rates released by NBP for ready transactions on May 1, 2025, offer both TT selling and TT buying rates for a wide range of global currencies. Notably, the US Dollar (USD) continues to hold a dominant position in the foreign exchange market, with the selling rate set at PKR 281.40 and the buying rate at PKR 280.90. These figures reflect the relative strength and demand for the US Dollar in Pakistan’s financial ecosystem, especially given its importance in international trade and remittances.
The Euro (EUR), which is often used as a standard currency for global transactions, also saw a notable rate of PKR 320.08 for selling and PKR 319.51 for buying. Similarly, the British Pound (GBP) was priced at PKR 376.82 for selling and PKR 376.15 for buying. The Swiss Franc (CHF), a reliable safe-haven currency, had selling and buying rates of PKR 341.73 and PKR 341.13, respectively.
The Canadian Dollar (CAD) saw rates of PKR 203.31 for selling and PKR 202.95 for buying, while the Australian Dollar (AUD) was valued at PKR 180.08 for selling and PKR 179.76 for buying. These currencies continue to be vital in the global commodities and trade markets, reflecting both economic strength and geopolitical stability.
Among the Gulf currencies, the Saudi Riyal (SAR) stood at PKR 75.02 for selling and PKR 74.88 for buying, while the UAE Dirham (AED) was priced at PKR 77.14 for selling and PKR 77.01 for buying. The Kuwaiti Dinar (KWD), one of the most valuable currencies in the world, had a selling rate of PKR 918.68 and a buying rate of PKR 917.05. This reflects the Dinar’s continued strength in global finance, particularly in the Gulf region.
In addition to these major currencies, the NBP also issued rates for several other international currencies including the Japanese Yen (JPY), Chinese Yuan (CNY), Hong Kong Dollar (HKD), Korean Won (KRW), and Malaysian Ringgit (MYR). These currencies play significant roles in their respective regional economies and are essential for businesses and investors dealing with Asian markets.
For foreign currency deposits, the conversion rates for frozen foreign currency deposits were also announced, including USD at 280.9901 and GBP at 377.1731, with a settlement date of Monday, May 5, 2025. However, it is important to note that these rates are not applicable to transactions exceeding 5,000 USD or the equivalent in other currencies on a cumulative basis.
The National Bank of Pakistan’s foreign exchange rates are integral for various financial institutions and businesses conducting cross-border transactions. They enable accurate conversion and facilitate the proper handling of international payments and investments. However, as indicated, some currencies listed, such as the Kuwaiti Dinar (KWD), Qatar Riyal (QAR), and Malaysian Ringgit (MYR), are not available for customer transactions at NBP, which could influence how businesses engage in foreign trade involving these currencies.
Given the economic uncertainties and fluctuating global market conditions, staying updated with accurate exchange rates is crucial for both personal and corporate financial planning. The issuance of these rates reflects NBP’s commitment to providing transparent and reliable currency conversion rates, ensuring smooth international trade and exchange transactions.