Karachi, February 18, 2025 – The National Bank of Pakistan (NBP) has officially released its foreign exchange rates for February 18, 2025. The announcement, made by the bank’s treasury management division, provides a snapshot of the exchange rates for various international currencies against the Pakistani Rupee (PKR). These rates are vital for businesses, investors, and individuals engaged in foreign transactions, as they help gauge the market’s movement and prepare for international exchanges.
Among the major currencies, the US Dollar (USD) continues to hold the spotlight. The TT Selling rate for the dollar is set at 279.65 PKR, while the TT Buying rate stands at 279.15 PKR. This slight difference between the buying and selling rates reflects the ongoing demand for USD, especially as the currency remains integral to Pakistan’s international trade, remittances, and investment flows.
The Euro (EUR) also shows notable trading figures, with the TT Selling rate marked at 291.17 PKR and the TT Buying rate at 290.65 PKR. The Euro remains a key currency for Pakistan, with its strength reflecting the stability of the European economy. These rates are essential for those conducting trade or investment activities within the European market.
For the British Pound (GBP), the TT Selling rate stands at 350.72 PKR, with the TT Buying rate at 350.09 PKR. As one of the most widely traded currencies, the British Pound continues to show resilience in the market despite global economic uncertainties. The exchange rate is significant for importers and exporters working with the United Kingdom.
The Swiss Franc (CHF) is priced at 308.45 PKR for TT Selling and 307.90 PKR for TT Buying, reflecting its position as a stable currency in international markets. Similarly, the Canadian Dollar (CAD) is offered at 195.99 PKR for TT Selling and 195.63 PKR for TT Buying, maintaining its value amid fluctuations in global commodities.
For the Australian Dollar (AUD), the rates are set at 176.64 PKR for TT Selling and 176.32 PKR for TT Buying. The Australian Dollar continues to play a key role, particularly in trade relations with countries in the Asia-Pacific region.
As for the Gulf currencies, the UAE Dirham (AED) is listed at 76.30 PKR for TT Selling and 76.16 PKR for TT Buying, while the Saudi Riyal (SAR) stands at 74.21 PKR for TT Selling and 74.07 PKR for TT Buying. These exchange rates are significant for remittances, as the Gulf region remains a primary destination for Pakistani workers.
The Kuwaiti Dinar (KWD), known for being one of the most valuable currencies globally, is trading at 902.34 PKR for TT Selling and 900.72 PKR for TT Buying, reflecting its strong value in the market. The Qatar Riyal (QAR) is also featured, with rates at 76.36 PKR for TT Selling and 76.22 PKR for TT Buying.
Additionally, the Chinese Yuan (CNY), a critical currency due to China’s growing economic influence, is trading at 38.40 PKR for TT Selling and 38.34 PKR for TT Buying. The Malaysian Ringgit (MYR) and Thai Baht (THB) are listed at 62.62 PKR / 62.50 PKR and 8.25 PKR / 8.23 PKR, respectively.
The NBP has also issued conversion rates for Frozen Foreign Currency (FCY) Deposits, effective as of Thursday, February 20, 2025. The USD conversion rate for these deposits is 279.2317 PKR, while the GBP and EUR rates are 351.6085 PKR and 292.6627 PKR, respectively. These frozen FCY deposit rates provide further insight for those looking to make longer-term foreign currency investments.
It’s important to note that NBP’s exchange rates are only valid for transactions up to 5,000 USD or equivalent in other currencies, on a cumulative basis. Certain currencies such as the New Zealand Dollar (NZD), Qatar Riyal (QAR), and Kuwaiti Dinar (KWD) are not available to NBP’s customers, which limits access to these currencies for regular transactions.
The exchange rate announcements by NBP serve as a key reference point for individuals and businesses operating in the forex market, offering crucial information on how to approach their financial dealings in both local and foreign currencies. Staying updated on these rates allows for more informed decisions, especially in today’s rapidly changing economic environment where currency fluctuations can have significant impacts on trade and investment.