On March 4, 2025, the National Bank of Pakistan (NBP) issued its latest foreign exchange rates, providing a comprehensive update on the buying and selling rates for various international currencies. The rates, published by the bank’s Treasury Management Division, will guide businesses, individuals, and financial institutions in their foreign currency transactions.
The exchange rates released by NBP reflect the value of both major and minor global currencies against the Pakistani Rupee (PKR). The ready transaction rates include the TT (Telegraphic Transfer) buying and selling rates for several key currencies such as the US Dollar (USD), Euro (EUR), British Pound (GBP), and Japanese Yen (JPY), among others.
As of the latest update, the US Dollar continues to hold a significant value against the Pakistani Rupee, with the TT selling rate for the dollar set at 280.05 PKR, and the TT buying rate at 279.55 PKR. The Euro also remains relatively strong, with a selling rate of 293.47 PKR and a buying rate of 292.95 PKR. For those dealing in British Pounds, the selling rate is 355.37 PKR, and the buying rate stands at 354.74 PKR.
Other prominent foreign currencies, including the Swiss Franc (CHF), Canadian Dollar (CAD), and Australian Dollar (AUD), also feature in the bank’s update. The Swiss Franc has a selling rate of 312.49 PKR, with a buying rate of 311.93 PKR, while the Canadian Dollar and Australian Dollar have TT selling rates of 193.10 PKR and 173.69 PKR, respectively.
Additionally, the National Bank of Pakistan’s latest rates include several smaller currencies, such as the Singapore Dollar (SGD), Hong Kong Dollar (HKD), and Korean Won (KRW), providing a wide-ranging view of global currency values. The Korean Won, for instance, has a buying rate of 0.1916 PKR and a selling rate of 0.1919 PKR.
A notable aspect of the announcement is that certain currencies, indicated with an asterisk (*), are not available for transactions by NBP customers. These currencies include the New Zealand Dollar (NZD), Malaysian Ringgit (MYR), Thai Baht (THB), Qatari Riyal (QAR), and Kuwaiti Dinar (KWD), among others. Therefore, customers looking to trade in these currencies would need to seek alternative financial channels.
The exchange rates also provided specific conversion rates for frozen foreign currency deposits. For example, the conversion rate for the US Dollar stands at 279.6377 PKR, with the settlement date scheduled for Thursday, March 6, 2025. Similarly, conversion rates for other major currencies, such as the British Pound, Euro, and Japanese Yen, were provided with settlement dates, reflecting the bank’s ongoing efforts to streamline and standardize the foreign currency exchange process.
It is important to note that NBP’s published rates are not valid for transactions over 5,000 USD or equivalent in other currencies on a cumulative basis. This limitation ensures that the rates are applicable to standard transactions and not larger, high-volume currency exchanges.
The announcement of these exchange rates is significant for both individual and corporate clients, as it provides clarity on the cost of foreign transactions and serves as a crucial indicator of market trends. Businesses involved in import and export, as well as travelers and investors, will likely keep a close eye on these rates to manage their currency-related activities.
With global markets continuing to experience fluctuations, NBP’s regular updates on foreign exchange rates serve as a vital resource for navigating the complexities of international finance. As Pakistan’s economic landscape evolves, these rates are expected to play a key role in shaping financial strategies and decisions for a wide range of stakeholders.
In conclusion, the National Bank of Pakistan’s release of foreign exchange rates offers critical insight into the current state of global currencies in relation to the Pakistani Rupee, helping to guide economic decision-making across various sectors.