On March 24, 2025, the Treasury Management Division of the National Bank of Pakistan (NBP) released the latest foreign exchange rates for various currencies. These exchange rates are crucial for individuals and businesses engaging in foreign transactions and provide valuable insights into the currency market’s trends.
The NBP’s foreign exchange rates for ready transactions are as follows: The US Dollar (USD) stands at 280.65 for TT selling and 280.15 for TT buying. The Euro (EUR) is priced at 303.68 for TT selling and 303.14 for TT buying. The British Pound (GBP) is offered at 362.43 for TT selling and 361.79 for TT buying, while the Swiss Franc (CHF) is at 317.59 for TT selling and 317.02 for TT buying. For other prominent currencies, the rates are also set as per the bank’s latest market position.
For the Japanese Yen (JPY), the selling rate is 1.8737, and the buying rate is 1.8703. The Canadian Dollar (CAD) is listed at 195.59 for TT selling and 195.24 for TT buying. Similarly, the Australian Dollar (AUD) is priced at 176.11 for TT selling and 175.79 for TT buying.
Other European and global currencies also have their updated rates, such as the Swedish Krona (SEK) at 27.84 for TT selling and 27.79 for TT buying, the Norwegian Krone (NOK) at 26.61 for TT selling and 26.56 for TT buying, and the Danish Krone (DKK) at 40.71 for TT selling and 40.63 for TT buying.
Notably, the rates for the Chinese Yuan (CNY) are quoted at 38.79 for TT selling and 38.72 for TT buying, while the Malaysian Ringgit (MYR) stands at 63.34 for TT selling and 63.23 for TT buying. The Hong Kong Dollar (HKD) and Singapore Dollar (SGD) are priced at 36.10 and 209.91 for TT selling, respectively, with slightly lower buying rates at 36.04 and 209.54.
Additionally, currencies from the Middle East, including the UAE Dirham (AED) at 76.95 for TT selling and 76.81 for TT buying, and the Saudi Riyal (SAR) at 74.82 for TT selling and 74.68 for TT buying, are also among the listed rates. The Kuwaiti Dinar (KWD), one of the highest valued currencies globally, is priced at a considerable 910.55 for TT selling and 908.93 for TT buying.
It’s important to note that these rates are not applicable to transactions exceeding 5,000 USD or equivalent in other currencies. The rates provided by the NBP are crucial for individuals and businesses involved in cross-border transactions, offering a reliable reference point for currency conversions.
In addition to the ready transaction rates, NBP also released conversion rates for frozen foreign currency deposits. For example, the conversion rate for the US Dollar (USD) stands at 280.2289, with settlement set for Wednesday, March 26, 2025. The rates for the British Pound (GBP) and Euro (EUR) are 362.5041 and 303.628, respectively.
The release of these updated foreign exchange rates comes at a time when Pakistan’s currency market remains dynamic, reflecting global economic conditions, domestic financial policies, and fluctuating demand for foreign currencies. These rates play an essential role for businesses, importers, exporters, and financial institutions that require up-to-date exchange rates for planning and executing their international transactions.
The NBP’s foreign exchange services offer an essential function in Pakistan’s financial infrastructure, catering to the need for transparency and stability in currency exchange. As the national economy continues to evolve, the role of institutions like NBP remains crucial in maintaining an orderly and efficient foreign exchange market, contributing to overall economic stability.
The NBP’s continued commitment to updating exchange rates on a regular basis reflects its dedication to fostering a transparent and reliable financial environment, which is essential for both local and international trade in Pakistan.