The treasury management division of the National Bank of Pakistan (NBP) released its latest foreign exchange rates on March 17, 2025. These rates, applicable to ready transactions, reflect the bank’s buying and selling rates for a wide range of foreign currencies, offering valuable insights for businesses, traders, and individuals dealing in foreign exchange.
For the US Dollar (USD), the NBP set the TT Selling rate at 280.60 PKR and the TT Buying rate at 280.10 PKR. The exchange rate for the Euro (EUR) was pegged at 305.36 PKR for TT Selling and 304.82 PKR for TT Buying, while the British Pound (GBP) stood at 363.01 PKR and 362.36 PKR, respectively. These rates reflect ongoing global economic conditions and the balance of trade between Pakistan and its international trading partners.
The NBP also posted exchange rates for several other major currencies. The Japanese Yen (JPY) was quoted at 1.8879 PKR for TT Selling and 1.8845 PKR for TT Buying. The Swiss Franc (CHF) had a TT Selling rate of 317.37 PKR and a TT Buying rate of 316.81 PKR, while the Canadian Dollar (CAD) stood at 195.20 PKR for TT Selling and 194.85 PKR for TT Buying. Other notable rates included the Australian Dollar (AUD) at 177.55 PKR (TT Selling) and 177.23 PKR (TT Buying), and the Swedish Krona (SEK) at 27.85 PKR (TT Selling) and 27.81 PKR (TT Buying).
The National Bank of Pakistan also issued rates for a selection of currencies that are commonly traded in the global market. The Norwegian Krone (NOK) was listed at 26.38 PKR for TT Selling and 26.33 PKR for TT Buying. The Danish Krone (DKK) was posted at 40.93 PKR for TT Selling and 40.86 PKR for TT Buying, while the New Zealand Dollar (NZD) stood at 161.57 PKR for TT Selling and 161.28 PKR for TT Buying.
Additionally, the NBP listed exchange rates for several Asian and Middle Eastern currencies, such as the Singapore Dollar (SGD) at 210.40 PKR for TT Selling and 210.02 PKR for TT Buying. The Hong Kong Dollar (HKD) was quoted at 36.10 PKR for TT Selling and 36.04 PKR for TT Buying. The Chinese Yuan (CNY) was listed at 38.92 PKR for TT Selling and 38.85 PKR for TT Buying, reflecting China’s continued economic influence on global markets.
Currencies from the Gulf region also featured prominently in the NBP’s list. The United Arab Emirates Dirham (AED) was priced at 76.93 PKR for TT Selling and 76.80 PKR for TT Buying. The Saudi Riyal (SAR) was listed at 74.84 PKR for TT Selling and 74.71 PKR for TT Buying, while the Qatari Riyal (QAR) was quoted at 77.00 PKR for TT Selling and 76.87 PKR for TT Buying. Furthermore, the Kuwaiti Dinar (KWD), one of the highest-valued currencies globally, was set at 911.63 PKR for TT Selling and 910.01 PKR for TT Buying.
In addition to these ready transaction rates, the NBP also released conversion rates for frozen foreign currency (FCY) deposits. The rates for these deposits, which will be applicable for settlement on March 19, 2025, include the US Dollar at 280.1806 PKR, the British Pound at 362.1334 PKR, the Euro at 303.5757 PKR, and the Japanese Yen at 1.8827 PKR.
It is important to note that the NBP’s exchange rates are not valid for transactions over 5,000 USD or its equivalent in other currencies on a cumulative basis, highlighting the bank’s policy on large transactions. These rates serve as a key reference point for individuals and businesses engaged in currency exchange, helping them navigate the dynamic foreign exchange market.
As Pakistan’s economy continues to experience fluctuations due to both domestic and international factors, NBP’s foreign exchange rates play a critical role in stabilizing the currency market and facilitating international trade and investment. By providing transparency and reliable rates, NBP ensures that businesses and consumers alike can make informed decisions when dealing with foreign currencies.