On March 25, 2025, the National Bank of Pakistan (NBP) issued its updated foreign exchange rates for both ready transactions and frozen foreign currency deposits. These rates offer valuable insights for businesses, traders, and individuals involved in foreign currency exchanges, providing transparency and clarity regarding the value of major global currencies in relation to the Pakistani rupee.
For ready transactions, the NBP set the TT selling rate for the US Dollar (USD) at 280.75 PKR and the TT buying rate at 280.25 PKR. The Euro (EUR) saw a selling rate of 303.23 PKR, with the buying rate standing at 302.69 PKR. The British Pound (GBP) was listed at 362.61 PKR for the selling rate and 361.96 PKR for the buying rate. For the Japanese Yen (JPY), the TT selling rate was 1.8628 PKR, while the buying rate was 1.8595 PKR. The Swiss Franc (CHF) was priced at 317.99 PKR for the selling rate and 317.42 PKR for the buying rate.
The Canadian Dollar (CAD) was set at 196.08 PKR for the selling rate and 195.73 PKR for the buying rate. The Australian Dollar (AUD) had a selling rate of 176.47 PKR and a buying rate of 176.15 PKR. The Swedish Krona (SEK) was listed at 27.95 PKR for the selling rate and 27.90 PKR for the buying rate, while the Norwegian Krone (NOK) was priced at 26.69 PKR for the selling rate and 26.64 PKR for the buying rate. The Danish Krone (DKK) was set at 40.65 PKR for selling and 40.58 PKR for buying.
For other currencies, the New Zealand Dollar (NZD) was priced at 160.60 PKR for the selling rate and 160.32 PKR for the buying rate. The Singapore Dollar (SGD) stood at 209.75 PKR for the selling rate and 209.38 PKR for the buying rate. The Hong Kong Dollar (HKD) had a selling rate of 36.11 PKR and a buying rate of 36.05 PKR. The Korean Won (KRW) was set at 0.1910 PKR for selling and 0.1907 PKR for buying. The Chinese Yuan (CNY) was priced at 38.79 PKR for the selling rate and 38.72 PKR for the buying rate. The Malaysian Ringgit (MYR) was listed at 63.27 PKR for selling and 63.16 PKR for buying. The Thai Baht (THB) stood at 8.26 PKR for selling and 8.24 PKR for buying.
For the UAE Dirham (AED), the selling rate was set at 76.96 PKR and the buying rate at 76.83 PKR. The Saudi Riyal (SAR) was priced at 74.84 PKR for selling and 74.71 PKR for buying. The Qatar Riyal (QAR) had a selling rate of 77.03 PKR and a buying rate of 76.90 PKR. Lastly, the Kuwaiti Dinar (KWD) was listed at 910.93 PKR for selling and 909.31 PKR for buying.
It’s crucial to note that these exchange rates apply only to transactions below 5,000 USD or equivalent in other currencies, on a cumulative basis. For larger transactions, these NBP rates are not valid.
Additionally, the bank also announced the conversion rates for frozen foreign currency deposits, which are applicable for settlement on Thursday, March 27, 2025. The conversion rates for the USD, GBP, EUR, and JPY were set at 280.3445 PKR, 363.0742 PKR, 303.9776 PKR, and 1.8732 PKR respectively.
It’s important to mention that some currencies are not available for NBP customers. These include the Malaysian Ringgit (MYR), Thai Baht (THB), and Qatar Riyal (QAR), among others.
The release of these rates is a reflection of the NBP’s ongoing efforts to provide transparency and stability in the currency exchange market. By regularly updating these rates, the NBP helps ensure that businesses and individuals are equipped with the most accurate and up-to-date information for making informed decisions regarding foreign currency exchanges. As exchange rates continue to fluctuate, these updates play a crucial role in supporting Pakistan’s financial stability and enhancing the transparency of its banking system.